If you’re shopping for an automobile policy, you must get multiple auto insurance quotes before you can choose the best policy, coverage and rate. Fortunately, you have multiple options to help you get the auto insurance quotes you need to make an informed decision. 

1. Request Auto Insurance Quotes Directly From the Companies’ Website 

If you already have a company that you would like to purchase auto insurance from, go directly to the company’s website. Submit an online request for a quote. Some companies generate instant auto insurance quotes. Other companies will have a representative contact you by phone. 

2. Getting Car Insurance Quotes Online 

Another option is to enter the search term “auto insurance quotes” into your browser. Select about three auto insurance  companies from the search results. Enter your contact information as well as your vehicle’s information and submit your request. A representative will contact you to discuss your auto insurance needs.

3. Use an Auto Insurance Quote Comparison Online Service

This type of service allows you to obtain multiple auto insurance quotes at the same time. You submit your request and the system generates a list of auto insurance quotes. You can compare the auto insurance quotes and choose the one that best suits your needs. To find an online service, enter the term “auto insurance quote comparison companies” into your browser. 

4. Getting Insurance Quotes Over the Phone

The old fashioned way still works when it comes to  getting car insurance quotes. Look up local auto insurance companies in the yellow pages or online. Contact at least three companies. Write down the information you collect from each company such as deductibles, coverages, and discounts. Don’t forget to write down the premium amount. Review all the auto insurance quotes and select the one with the best coverage and the lowest rates.   

5. Visit Each Auto Insurance Office

Another option is to visit a few auto insurance offices in your area. You can either drive or walk over to the location. Be prepared to provide your contact information. You’ll also need to provide vehicle information such as the odometer reading, approximate number of miles your drive per week and the vehicle’s make and model. You’ll receive your auto insurance quote before leaving the office.

Regardless of the method you choose to get your auto insurance quotes, be sure to have all the needed information available. Be sure that the quotes reflect any discounts available to you. Such discounts could include low mileage, belonging to a specific profession or organization and safe driver discounts. Other discounts depend on the safety features on your vehicle and whether you’ve taken a safe driving course. Comparing multiple auto insurance quotes will help you make an informed decision and choose the best coverage at the best rate. 

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In our world today, not forgetting the state of the world economy, car insurance is fast becoming a business with tough competitions and rivalry. What I tell people to do, especially when they are interested in locating an insurer with reasonable plans and with the best coverage, is to obtain free auto insurance quotes. Doing this will open your eyes to the best contract and the best coverage.

This write up is for you if you are really interested in getting free quotes.
Firstly, you ought to know that shopping online is the finest to obtain free insurance quotes. All you need do is to make use of the platform of search engines such as Google, Bing and yahoo This will also help you to hasten the entire process.

The Internet affords us opportunities to directly shop for car insurance quotes by simply filling in a single page, which is far more advantageous than searching it from one insurance firm to the other. Because insurance quotes are on the low side, it is advisable to obtain as many quote as possible, so as to enjoy the benefit of getting an affordable rate.

Not all insurers gives their client a good rate, their rates differ from one another. A particular rate can be cheap for some people, but not for you, the amount of the quote is arrived at by some characteristics. If for example, you were pin-pointed as being the cause of a particular accident, then forget having a cheap quote. One thing you can however do is to acquire all the benefits from free quotes, to obtain a good reduced premium. You will also be surprised that you are likely to get a really cheap offer if only you took your time to compare the various car insurance quotes.

What free insurance quotes online will also help you to do is to assist you at arriving at a decision about what plan you want to purchase. Simply mention what you require, and they will guide you on how make a choice. The quotes will also help you to manage your time as they are mainly instantaneous.

Websites that offers auto insurance quotes provides their clients with loads of tips and information as necessary. You are supplied with excellent information and feedback, which in turn keeps you well-informed about what they are planning to buy.

Without mincing words, shopping for insurance quotes online is definitely the best way and the most excellent will be if you find a website that provides and offers free quotes for your vehicle from the same website. Everyone is in search of inexpensive and cheap auto insurance with great offers and many benefits. This is of course, is their main goal and objective.

I guess you won’t want to be deceived. If you answered yes, then it is vital you get all the useful information about what you are purchasing.

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Home insurance protects the building owner against risks resulting from fire, storm, hail and water damage. The insurance also known as homeowners insurance (HOI) or hazard insurance covers residential buildings including the contents.

The goal is to hedge against further cost of reconstruction, renovation or replacement of the building or its contents in the event of a loss.

Home insurance is classified under fire insurance. Various insurance companies often have their own names by which they define home insurance cover. These coverages are very similar to the extended all external perils coverage.

A homeowners insurance contract is regulated under the Civil Code, Commercial Code and the Insurance Contract Act (ICA). By agreeing to a prescribed premium, the customer closes a contract with the insurer under various conditions.

These conditions are usually divided as follows: terms and conditions of the insurance, clauses, special conditions for more natural hazards in the insurance and individual accords.

Such contracts and model conditions are intepreted differently in various countries, and the insurance companies are not bound by them. However every company depends on its contract from this model. In some cases the insurance policy covers real property aspects such as carports, greenhouses and garden sheds, dog houses, yard and sidewalk fixtures.

As well as fitted furniture (kitchens) which have been individually made for a building, accessory buildings, if located in the building or attached to the building. And maintenance for residential purposes, while other building fixtures are to be expressly agreed. Glass is insured against all external hazards, while the foundation of a building is not standard insured.

Water and sewer pipes outside the property are to be insured only by special arrangement. Uninsured items are subsequently entered on the homeowner’s expense items for which he bears the risk.

Short-circuit and over-voltage damage to electrical facilities are only covered if a flash occurs directly in the insured property. And explosion is defined as a sudden manifestation of force by expansion of gases or vapors. Implosion – a sudden destruction of a hollow body by external pressure due to an internal vacuum. While storm is defined as air movement of wind speeds of up to 63 km/hour.

Reinstatement comes with costs to be incurred on the reconstruction of a similar building. The insured amount is adjusted annually (indexed) on the basis of the average increase or decrease in construction costs, as calculated by the Central Bureau of Statistics.

Defining the reinstatement work requires a specialist, however, given the relatively high costs involved, insurers offer individuals the opportunity to determine the sum insured with an in-house assessment system to determine reinstatement.

When such a reinstatement method is used, the insurer usually a guarantees against under-insurance. Such a guarantee implies that no damage will be activated on under-insurance and it has no effect on the distribution. Associations of insurers propose particular reinstatement methods, which are used by most insurers.

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There are some things in life you simply cannot avoid. One of these is health coverage. It does not matter if you are married, single, or have a large family, you need a health insurance coverage plan for a number of reasons. First and foremost, you never know when something might go down, and you need to be rushed to the hospital. Maybe you break your wrist or get into a fender bender and have to get an MRI done. Regardless of what the issue is, there comes a time when health coverage is imperative. And just imagine if you were facing a serious medical condition. At this point you would be seriously dependent upon a stellar health care plan. It can keep you from going bankrupt.

For single men and women, there are affordable individual health insurance coverage plans. Any time you deal with health coverage, you can expect to get a better deal based on two factors. One is your age, and two is your current health. Therefore if you are 25 and very healthy, you can get an affordable individual health insurance policy without much effort. The key is to take care of your health as best you can, and acquire a good coverage plan at a young age if possible. This way if you break your nose, need to visit a dermatologist, or have to go on for a minor operation, your health insurance will cover you; at least to some degree. It is worth the monthly payment.

A few websites that will help you find out more about affordable individual health insurance coverage are goldenrule.com, aetna.com, affordable-health-insurance.org, and ehealthinsurance.com. Be sure to take a closer look at these helpful websites in order to learn more about current health insurance coverage plans. Even if you are not searching for an affordable individual health insurance policy, it is wise to review these helpful sites. You can additionally learn more about family insurance coverage, policies for married couples, and low-priced insurance plans for individuals with pre-existing health problems. The key is doing your research beforehand.

On the flip side, it makes no sense to avoid decent and affordable individual health insurance plans. If you are aware how life works, then you already know that you will need health coverage when you do not have it. This is pretty much how it always works. Therefore it is prudent to look into a variety of affordable health insurance policies, and make a decision about which one is right for you. This way you will at least be prepared if something does happen. As for parents of children, it is basically imperative to acquire a good health insurance plan to be on the safe side.

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Most families are primarily dependent on the continued life and earning ability of the husband and father. The greatest need, therefore, is for the insurance on his life, since the greatest financial loss would result from his death. Not only that, the death of a child means expenses, often in amounts which place a decided burden on the family. Life insurance on the life of the wife & mother is justified for the same reason.

Because the husband’s continued life & health are essential to the average family’s welfare, his loss of life or health constitutes the greatest economic hazard. His death while children are small may leave debts and eliminate the main source of the family’s income. His disability over a long period of time adds the expenses of his own medical care. Retirement, too, brings a loss or serious reduction of income in most instance.

Life Insurance provides a ready and effective means of meeting the needs of a family at the death of a husband, and it may often be utilized to help meet retirement needs when family responsibilities have less. However, life insurance is bought and paid for out of current income, and all too often the period of greatest family need coincides with the period of lowest income. For this reason, many different insurance plans have been devised in an attempt to meet maximum insurance needs of the family during periods of limited income.

Some good family insurance plans

Term insurance, a special insurance for family provides the maximum of funds for any given outlay. Furthermore, term life insurance provides a very satisfactory solution if the need happens to be temporary.
Combination Plan, a family income life insurance plan which pays a fixed amount of life insurance and a monthly income to the beneficiary, if the insured dies within a stipulated period of time. The fixed amount is usually whole life insurance and thus is payable whenever the insured dies. The monthly income is provided by term insurance, for the insured’s death must occur within the period specified or the income will not be payable. If the insured does die within this period, however, the income begins at the date of death and continues until the end of the period. For this reason many companies make the family income plan available as an integrated policy. Also many companies provide the income payments by a separate rider which can be attached to and made a part of any permanent life insurance plan.
Monthly Income, this is usually available in amounts which bear a percentage relationship to the basic coverage, but there is no uniformity in this respect and often the amounts permitted vary with the length of the period involved.

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When you purchase a life insurance policy, you need to be sure that the company has a good track record for timely disbursements of payoffs. Companies with a high life insurance rating generally perform well. Most life insurance companies try to make the process of claiming your life insurance policy as easy as possible and are able to make payoffs within 7 to 60 days from the date of claim. But in order to initiate the process, the beneficiary needs to take certain steps.

You will need to inform your insurance agent or broker about the decease of the policyholder. Your broker will act as the middleman between you and your life insurance company. He or she can help you fill out all claim documents and guide you in the process of filing for a claim. If you do not have an agent, you can directly call the insurance company and ask how you can proceed with filing a claim. If there is more than one beneficiary on a life insurance policy, each beneficiary must fill out forms and send it to the life insurance company.

You will need to decide how you want your payment to be made. You have the following options:

You can receive a lump sum. This gives you the advantage of using the death benefits for immediate needs, such as funeral expenses, and gives you the flexibility of how you would like to invest the rest of the money.

You can ask the life insurance company to hold the proceeds for a specified time period after which the company will pay the death benefits along with any interest accrued.

You can ask the life insurance company to issue payments in installments over a specific period of time. The amount paid will include both principal and interest.

You may also choose a life income payment plan, similar to an annuity. This option guarantees income for life. The amount depends on factors such as the amount of death benefit, gender and age.

Look for multiple life insurance policies. It is very common for people to have more than one life insurance policy. If the policyholder was working, he may have a life insurance policy given by his employer. He or she also may have additional coverage under an employee group life insurance plan. If the policyholder had an outstanding mortgage, you might find additional life coverage under mortgage life insurance. Mortgage life insurance will pay off the balance amount left on your mortgage. As a beneficiary, you should check other insurance policy that may apply. Such as car insurance if the policyholder died in a car accident; travel insurance if he/she died during travel.What to do when you can’t find a life insurance policy? If you know the life insurance company, you can talk to them directly explaining the situation. The company will search their database and if it comes up with a match, and the policy is still in good standing, they will process the claims papers.What to do when you suspect there is a life insurance policy but cannot find it? Try looking through old check books and old credit card statements for the insurer’s name. You should also contact the deceased’s employers to check if there was any life insurance policy issued at the workplace. Look in security deposit boxes or other storage places used for important documents. If you still cannot find it, you may want to contact the American Council of Life Insurance (ACLI). For a small administrative fee they will search their databases to locate a policy.What happens if there is no claim made on a life insurance policy? If there is no claim made on a life insurance policy, the death benefits are turned over the state where it becomes “unclaimed property”. However, if the life insurance policy was in force when the policyholder died, a claim can be made, even decades later.When will death benefits NOT be paid? If the policyholder has not paid premiums on a term life insurance policy, the policy may have “lapsed” in which case no claims can be entertained. If there is a fraud in the inception of the policy or fraud by substitution, the death benefits will not be paid out. Another common ground for denying claims to beneficiaries is “material misrepresentation”. This means that at the time of original application, application for reinstatement cases or application for late enrollment in a group case, false information was provided that, if fully and truthfully disclosed at that time, would have resulted in refusal of policy by the insurer, at least on the terms and conditions issued.

To avoid delays in payoffs, make sure you fill in personal details on application forms accurately and truthfully. Choose a life insurance company that has a high rating by reputable insurance rating institutions such as A.M. Best, Fitch and S&B. To easily compare life insurance rates, use online insurance providers. They can provide you with free life insurance quotes from the best life insurance carriers.

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Navigating the important aspects of shopping for term life insurance can be daunting to someone who’s new at it. You need to consider aspects payment plans, annual costs, deductibles, benefits, understanding the various types of life insurance and how needs change with changing circumstances. Here’s a list of common mistakes shoppers of life insurance often make.

Not purchasing life insurance
The first major mistake people often make is not purchasing life insurance at all! According to LIMRA, an insurance research organization, 30 percent of American household have no coverage at all (August 2010 report).

Being under or over coverage
The second biggest mistake is when you do purchase life insurance, the coverage is not sufficient to equal the family’s needs, according to the trade group, American Council of Life Insurers (ACLI).

A common mistake people make is not considering the value of a stay-at-home spouse. Such a person is often under-estimated but according to Marvin Feldman, president and CEO of the nonprofit Life and Health Insurance Foundation for Education (LIFE), it would take about 7,000 a year to replace a stay-at-home spouse.

Coverage should include the debts that you would leave behind, such as a mortgage or outstanding credit card payments. While you should make sure your family is adequately covered, you should avoid paying for more coverage than you actually need. This puts an unnecessary burden on your expenditure—money you could put to good use, elsewhere.

Making a decision based on money alone
In other words, don’t purchase the cheapest term life policy! Read the fine line and compare quotes thoroughly. Often a life insurance company will offer free riders or other benefits that may save you costs long term. Look for product features such as renewability privileges, conversion rights, riders and company ratings.

You should examine the rating of the life insurance carrier as well. The ratings will give you information about the financial strength or integrity of a life insurance company. You need a life insurance company you can trust to expedite your death benefits to your loved ones in a timely manner after you are gone.

Not evaluating your coverage periodically.
Life insurance needs change as life changes. You may get married, have children, purchase a house, etc. The converse could also be true. Your children may have moved out of the house, your debts are paid off. You may not need as large a coverage as you initially purchased. These changes must be reflected in your life insurance coverage. It is advisable to conduct a life insurance need analysis at least every 2 to 3 years.

Cancelling an old term life policy before a new one is in effect
Life insurance is competitive and you may be able to find a cheaper life insurance policy with added features. Don’t cancel the old policy until your new policy is in effect. This ensures that you are covered all the time. If anything were to happen to you during that, albeit, brief period of time between coverage, both your old and your new life insurance company would not be obligated to pay any death benefits to your family.

Not checking a life insurance application form before it is submitted.
Agents or brokers often fill out the form for you. Ideally, you should either fill out the form yourself or check all the facts before submission. Remember, any error on the form can be considered as falsified information. It is a criminal crime and may result in termination of policy. If the discovery is made only after you die, a life insurance company can withhold payment of death benefits to your beneficiary.

Neglecting to do research
Don’t be influenced by a savvy salesman who may want you to purchase a particular policy simply because he or she stands to gain from the sale. Do your own research and ask the right questions. There are helpful website that serve as credible research resources to know more about life insurance—the types available and which one is most suitable for you.

Ask questions. Remember, life insurance companies hike premiums and you need to when they do and by how much. Many people neglect to consider such issues and their policy is allowed to lapse simply because they could not afford to pay the hiked up premiums. For term life insurance, lapse rates were around 7 percent in the first and second year and about 6 percent in the third year, according to a report from LIMRA (2009). To avoid this, you may want to consider purchasing a level term life policy. This will keep your premiums steady for the entire term period.

Not shopping around for life insurance
You don’t need to run from one life insurance Company to another to get a quote for comparison. The Internet provides a fast and reliable means to get multiple term life insurance quotes online. You can compare life insurance rates from the best carriers and make an informed decision. Such online providers may save you a substantial amount of money as well. You may be able to get savings of up to 70 percent on a cheap life insurance policy with terms that perfectly suit your personal situation.

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A mortgage life insurance is a type of insurance policy that is designed to pay off your mortgage in the event of your untimely death. The insurance company will pay off any outstanding balance left on your mortgage leaving your family debt-free. Typically, in this type of insurance, as your mortgage decreases, so does the amount of insurance.

How Mortgage Life Insurance Works

When mortgage insurance begins, the coverage must equal the outstanding amount on the repayment mortgage. The policy’s termination date must coincide with the date scheduled for the final payment on the repayment mortgage. The insurance company calculates the annual rate at which the insurance cover should decrease in order to reflect the value of the capital outstanding on the repayment mortgage. Some mortgage policies will include provisions for payouts if the policyholder is diagnosed with a terminal illness from which he or she is expected to die within a year of being diagnosed.

Purchasing mortgage life insurance is not such a good idea. In fact, it’s hard to find any mortgage life insurance which offers good value. The main reason why purchasing this type of insurance is a bad idea is because currently, traditional mortgage life insurance rates are not as competitive, as say, most term life rates.

Reasons why mortgage life insurance is not a good idea

Mortgage life insurance policies are generally expensive to begin with. As time goes on, these policies become even more expensive. The premiums stay level throughout the term period but the amount of death benefit becomes less at the same rate as the debt does. The cost for coverage starts out high and the policy gets worse over time in terms of the amount of death benefit.

Mortgage life insurance will only re-pay your mortgage if you should happen to die with the insured period. This may leave your surviving spouse debt-free, but mortgage insurance will not address any other income needs of your family which may arise due to your sudden demise. Most families have financial needs that go beyond payment of mortgage.

Term Life Insurance Makes More Sense

The death benefits that come from a term life policy can address any kind of debt and other financial needs your family may face.

You can take out term life policies for a term period of 10, 20, 25 or even 30 years. If you have already finished payments on your mortgage, you may want to review your term life policy to reflect those changes. Or, you may want to use the coverage for other future expenses you may have, such as education fees of your children, or a retirement plan for your spouse. With term life insurance, you have the freedom to change the objectives of your insurance policy as your life situation changes. Mortgage life insurance does not allow you this type of freedom.

Underwriting for term life policy is cheaper. If you’re in good health, taking a term life policy could work out beneficially for you. For example, if you saved 0 on annual premiums by taking up a term life policy, rather than mortgage life insurance, this will add up to a savings of 00 at the end of 30 years. It is always best to get an insurance policy with guaranteed lower rates than a mortgage life insurance policy.

More People Choose Term Life Insurance over Mortgage Life Insurance

It is more common to see people purchasing term life insurance with return of premiums options instead of mortgage life insurance. At the end of the term, all the premiums you have paid are refunded to you, tax-free.

Another better option to mortgage life insurance is a level term life policy. A level term life policy will give you the benefit of paying level premiums throughout the term period. And unlike mortgage life insurance, your death benefits will not decrease during the full term period.

Finding the Best Deal on Term Life Insurance

You can get the best term life insurance at the most affordable price by using online life insurance providers. Many of these not only offer the best term life insurance quote but also free professional services to help you identify policies that suit your needs the best and make meaningful recommendations. Look for online life insurance providers who are BBB-accredited and are affiliated with the best life insurance carriers in the industry. They will provide you with instant life insurance quotes which you can use to compare prices and products. This will help you make an informed decision and land you with a policy that best suits your needs at the most affordable price.

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Ever changing social and economic conditions forces us to insure our hard earned and valuable possessions, but we should not have to pay more than necessary. Ensuring that you and your family’s way of life is insured against life’s unforeseen circumstances is probably one of the most important steps you can perform to insure your quality of life. You will have to find an insurance policy that offers more than merely the minimum amount of cover if you want to receive the most benefit out of your policy. You will have to investigate various insurance offerings and ensure that you are dealing with a company that has your true interest at heart. A step in the right direction is finding insurance companies which offer value added services and go beyond what is expected of them to meet your needs.| As a first step to finding the best insurance solution for your needs, you will need to take the time to shop around for the best insurance quotes on the market. The need for adequate insurance in an increasingly challenging economic and social landscape forces us to take out an insurance policy, but that does not mean that we need to pay more than necessary. By making sure that your family’s quality of life is guaranteed not to be impacted negatively should the unthinkable happen is the responsible thing to do. In order to do this, you will need to find an insurance policy which offers more than the bare minimum amount of cover and protection if you want to receive the optimum amount of value out of your policy. Take the time to investigate various products on the market, and make very sure that you are dealing with companies that truly has your best interest at heart. One way of doing this is by finding insurance companies which go beyond what is expected of them, and who offers value added services along with their policies.

When looking for insurance quotes for medical aids, you need to be realistic about what your family’s needs are. Medical aids are great for offering families and individuals the opportunity to receive the medical care they need. This form of insurance will save the insured thousands of rands in medical fees and expenses in the long run. It is important to realize that when searching for health or medical aid insurance quotes that simply opting for the cheapest quote available might not be the best option for you or your family. You should compare and research numerous quotes from different companies in the interest of being able to make well informed and educated decisions in terms of which insurance quotes you will pursue.| When browsing the market for medical aid insurance quotes, you need to realistically identify the needs of your family. This type of insurance has the potential to save you thousands of rands in medical expenses and fees in the future. You should accept that when searching for medical aid insurance quotes that the cheapest option might not be the best option for your family. Research and compare various quotes from different to make sure you are able to make a well informed and educated decision regarding which insurance quotes to persue.

You should take into account the level and history of customer service afforded from any company you intend to do business with. This is an important and inseparable aspect to any insurance company as it speaks to the service you will receive from them when you really need them to live up to their promises. Find out as much as you can about the insurance company’s claims procedure and payout history in an effort to prepare yourself by knowing what you’ll be up against should the day arrive where you will need to claim against your policy. Ascertain if there are any hidden or undisclosed costs involved, and what they are. Ask about the excesses payable by yourself, and if there will be any additional excesses if you claim within the first year of the policy, or if you were to be involved in an accident after 10 pm. By taking the time to consider these and other insurance pitfalls you will be saving yourself from potential financial devastation.| An important aspect to consider of any prospective insurance company you intend to do business with is to rate their level of customer service. This crucially important aspect will determine wat type of service you will receive and the treatment you are in for when you need to rely on your insurance company to live up to their promises. Find out all the information you can about the company’s claim procedure and payout turnover time in the interest of preparing yourself for the day you will need to lodge a claim. Find out if there are any hidden costs involved, and if so, what they are. Ascertain which excesses are payable by yourself should you claim against the policy. Find out about any extra fees that are payable should you claim within the first year of the policy, or even if you were to be involved in an accident after 10 ‘o clock at night. You should take the time to consider such insurance pitfalls as you will in effect be saving yourself from potential financial devastation.

When searching for vehicle insurance quotes in South Africa, it’s important to realize that driving on South Africa’s roads without insurance is an unmanageable risk. That is why you will easily be able to find many companies who offer various vehicle insurance solutions. You should take the time to sift through various quotes in order to ensure you receive the best product available on the market.| Driving on South African roads without being adequately insured is an unmanageable risk. That is why you will find many companies offering numerous insurance quotes and solutions. Sift through each quote thoroughly in order to ensure you decide on the best product out there for you.

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Before I begin, let me be clear as to, what this article does not talk about. It does not explain what health insurance is and neither does it coax you into buying it, if you have not opted for it already.

This article answers certain questions that are pertinent and affect your decision whether to buy Health insurance or not to buy health insurance.

Your neighbor who has just got his entire family insured for health, keeps on pestering you to buy it too and at the slightest opportunity bombards you with the positives and benefits of getting health insurance for yourself and your family. In this article, I keep myself from being your pesky neighbor, and simply keep the facts in front of you and leave it to you to decide.

Here, although I assume that your basics pertaining to health insurance are in place, yet,for the uninitiated,

      Here is a quick look at what we mean when we say, “Health insurance”..

Firstly, when you think of health insurance, you are clearly not thinking about life insurance. These are two distinctly different things, in the sense that while health insurance covers the expenses you might incur as a matter of hospitalization, in case you are affected by a disease, life insurance protects your family (or dependents) from financial loss that may arise in the event of your untimely death/or if something happens to you.

Also, in case of life insurance, the payout is made only after the death of the insured or at the maturity of the policy. In Health Insurance there is no payout made at maturity and the policy needs to be renewed annually.

Now let’s look at some of the most commonly and important questions associated with health insurance. Note that this is not an exhaustive list.

What are the minimum and maximum policy durations?

Health insurance comes under the General Insurance, and all health insurance policies are issued for a period of one year only. The maximum period can be two years, if a company issues a two year policy. But it is important to keep renewing your policy at the end of the period, either one or two years.

Because if the policy is not renewed in time, it may lapse, and you will have to wait for another four years for your claims to be redeemed, when you opt for another health insurance policy with a different company.

      Does health insurance cover diagnostic charges like X- ray, MRI or ultrasound?

Health Insurance covers the charges for all tests, medical expenses and treatments, if they are incurred as a result of the patient’s stay in the hospital for at least one night. Health insurance in India mainly connotes, hospitalization, hence, diagnostic tests like X- ray, MRI, blood tests etc are paid only if they have been done in the hospital during the patient’s stay there.

But it is important to know that tests are not covered unless they lead to hospitalization or unless recommended by a doctor as a part of the treatment, and all tests before hospitalization can be charged in Pre hospitalization expenses.

      Can there possibly be any situation in which my health related expenses may not be covered?

Until 30 days from the date on which the health insurance policy is issued to you, your claims will not be payable. However, if you undergo emergency hospitalization as a result of an accident, then the 30 day waiting period is waived off and your expenses will be reimbursed. All the more, this 30 day waiting period is applicable at the start of the policy only, and not at times of policy renewal. Besides, if you claim as a result of a pre existing disease, then you will have to wait until the time your pre-existing disease is covered (which can be either 2 years or four years depending on Policy wordings), to get your claim reimbursed.

      Can I get my money back in case I choose to cancel the policy after some time of buying it?

 To cancel the policy is your decision, and you may do so at any time after buying the policy. However, when you decide to cancel your health insurance policy, the company may incur cancellation charges –  which differ from company to company. To know more about Health Insurance made Simple

Compare & Buy Best Health Insurance Policy

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