Insurance is a financial agreement where you pay a premium to get coverage against unexpected risks like illness, accidents, or damage.

It protects you and your family from financial burdens during emergencies and ensures peace of mind.

Common types include life, health, fire, motor, and travel insurance.

It covers damage to property caused by fire, lightning, explosion, and sometimes natural disasters like storms.

Homeowners, shop owners, and businesses should consider fire insurance to protect valuable property and stock.

It depends on property value, risk factors (like location), and safety measures in place.

It covers medical expenses from hospitalization, surgeries, treatments, and sometimes pre/post-hospitalization.

Yes, family floater plans cover spouse, children, and often parents.

Yes, most policies have a 2–4 year waiting period for pre-existing illnesses.

It provides financial support to your family in case of your untimely demise. Some plans also offer returns on maturity.

Term insurance offers high life cover at low premiums for a specific period, without maturity benefits.

Usually 10–15 times your annual income is recommended.

Yes, third-party insurance is legally mandatory for all vehicles.

Third-party covers only damages to others. Comprehensive covers both third-party and your own vehicle.

Yes, you can transfer the no-claim bonus (NCB) when switching cars or insurers.