Insurance in India

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Insurance

Who needs insurance?

This is the basic question. Who needs insurance? Do you need insurance? Answer to the question depends on what kind of insurance you are talking about. If you are talking about life insurance, then no, not everybody needs it (find out if you need one). But there are some other kind of insurances which are required by law, like car, bike or commercial vehicle insurance. You must have them.

TIP OF THE MONTH

TRY NOT TO MIX INSURANCE AND INVESTMENTS

Various Types of Insurance

Following are the most basic types of insurance products which are available in the market:

  • Life Insurance
  • Auto Insurance (car, bike & commercial vehicle)
  • Health Insurance
  • Mediclaim (yes, its different from health insurance)
  • General Insurance (home, property, shop, personal accident etc.)
  • Retirement Plans (well, its not exactly an insurance)

Insurance FAQ

Q. How much insurance do I need?

A. When you ask this question, we are assuming that you are talking about life insurance. Use our insurance need calculator here to calculate the exact amount.

Q. Which is the best (most reliable and cost effective) insurance in India?

A. Every insurance company has some specilization in a specific filed. Please see our list of top 10 insurance companies in India here.

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