General Insurance, also known as non-life insurance, comprises of a gamut of insurances that provide specific covers to the insured against specific forms of eventualities. The contrast between life insurance and non-life insurance is that while the former protects the insured against risks of death, the latter protects him/her against risks associated with life such as fire, burglary, theft, illnesses, accident, etc. By its very definition, it can be estimated how wide a category General Insurance is.
Confused over which company to choose to get your lovable ride insured? Let us dispel all your doubts by getting you fast online quotes. Our experts are happy to help you choose the best policy in terms of premium, coverage and features. Compare online and save big bucks!
Two Wheeler Insurance
We know your love for your mean machine. That’s why we bring to you the best of two-wheeler insurance. Get a comprehensive plan that covers you against damage done by you as well as to you. Whether you are looking to get a new plan for your two-wheeler or renew your existing plan, we help you find the best quotes as per your needs.
Health Insurance is a complex product and the exclusions and additional riders and benefits makes it all the more complex. We assist you to understand the features, flexibilities and fine print of a plan. We get you the best health insurance quotes from the leading health insurers. Get a smart coverage at a smarter price now!
All packed up, ready to go … hey wait! Got your travel insurance? Get it right here. Whether you are off on a vacation with your family or on a business trip, you never know what might come upon you whilst abroad; always have your travel insurance to back you up. Find the right travel insurance with us.
Want to insure your most treasured possession? Safeguard the structure and contents of your home against natural calamities and human misintents. Get a comprehensive coverage for the lowest premium rate. The best deal is just a click away!
Employees are the biggest assets of any organization. Show them that you care with a Corporate Insurance that protects them against illnesses, personal accidents and other eventualities. We help you choose a plan that gives you the best coverage at minimal rates.
Why Compare with Us?
Choosing the right insurance is not an easy task. Here at Policy Bazaar, we are passionate about helping you understand the product and the pricing so that you never miss out on the key points. Getting and comparing online quotes saves you time, efforts and money. We make sure you buy a plan that lets you enjoy –
- Fast and hassle-free claims.
- Wide coverage.
- Lower premiums.
- Valuable riders and benefits.
- Amazing discounts.
No wonder smart customers choose Policy Bazaar over other online insurance portals.
Every insurance company presents its best facet while selling a plan but it is the Claim Settlement that really decides how good the company really is. As a buyer you should ideally look for 3 factors while making a purchase –
- Claim settlement ratio – The number of claims settled by the company to the total number of claims filed in a financial year.
- Incurred claim ratio – The total amount spent on claims to the total amount earned as a premium by the insurance company in a financial year.
- Claim settlement turnaround time – It signifies the time span between the filing of a claim and settling of a claim. In other words, it is the time taken by the insurance company to settle a claim.
The basic outline of a claim process for the general insurance is –
Of all the forms of general insurance, only Health Insurance comes with tax benefits. As per Section 80D of the income tax act 1961, the premium paid for a health insurance plan qualifies for tax deduction from your total income. The upper limit for this deductible amount is Rs 15,000 and is extendible up to Rs 20,000 for senior citizens. So, if you pay the premium both for yourself and your parents, a maximum of Rs 35,000 will qualify for tax deduction from your total income.