The term Insurance itself reveals its meaning i.e to get insured.It protect against any injury , damage or mishap caused due to any accident , theft , fire etc.
There are several types of insurance including Life Insurance , Auto Insurance , Fire Insurance , Shop Insurance etc.Among which Life Insurance and Auto Insurance are a must.
LIFE INSURANCE
"Insurance is subject matter of solicitation"This is the most most common proverb we are listening but ironically not following the same as maximum percentage of us don't even try to understand the meaning of the statement and hardly interested to know the benifits of the insurance.Insurance is as essential as other legal documents say birth certificate , pan card etc.Though we don't have got legal bounding to get insured but we should individualy make insurance as a mandatory factor under our family rules.Even every new born member should get insured at the earliest eligible age. Not only infants but all of us should get insured due to some of the following principal causes:1. To protect against any uncertanity of accident , death.2. To secure future of the dependant of the family , who become helpless in case of any mishap.3. To enjoy redemption of premium paid.4. To get higher return in form of bonus , loyalty bonus and additional bonus etc.Nowdays in this competitive market several public & private companies are into this market of Insurance offering several types of policies for making it user friendly and helpful as per different needs and requirements.Some of the most popular types of insurance provider are LIC , Reliance , TATA , ICICI etc These insurance provider have several authorised agents in all cities , who are well trained who guides the customers about the different policies , plans , terms etc. In order to get the life insurance quotes one may either conatct these agents or may log on to respective websites of the companies to get an instant life insurance quotes.However some people want to avoid going through the channel of agents , to protect there interest nowdays online insurance has been executed whereby through these online insurance one may not only have a new insurance policy but could also pay the premium online.Browsing net will help to locate a cheap life insurance i.e the policy which suits an individual and well as the insurance company offering the cheapest life insurance or offering the best discount life insurance policy.
AUTO INSURANCE
Auto insurance covers the insurance of all sort of vehicles including two wheelers , four wheelers whether private or commercial. It is covered for both light motor vehicle as well as heavy motor vehicle. Auto insurance helps to protect from the loss incurred due to accidents , theft and other mishaps , which is very certain nowdays. In case of any damage caused to the vehicle by any accident the entire expense met for repairing is payable by the insurance companies.Nowdays like personal insurance cash less system has been introduced in auto insurance ,whereby submitting the card at the garage will make a direct payment to the garage company and the insured will not be liable to pay the bill initially and then make a claim for reimbursement. Introduction of this system has made the process much easier and user friendly avoiding any sort of harassment and delay in processing of a claim.Though third party insurance (Whereby no charges are paid for any damage) with minimum premium is mandatory, failing of which is subject to fine. But first party insurance covering all sort of damages are customary and depending on individual decision.No claim bonus facility is also available in auto insurance whereby the insured get a handsome discount on the premium payable for putting any claim during the last insured period.Auto insurance is done initially at the time of delivery of the car from the showroom and thereby keep renewing every year till its existence.Several auto insurance companies are offering competitive premium option with much better facilities for auto insurance. Auto insurance quotes or car insurance quotes refers to the premium payable for getting insured depending upon the IDV (Insured Declared Value) , the no. of time policy is renewed , last claim details etc. Tata , Relaince , Bajaj, Royal Sundaram , ICICI are the most popular auto insurance companies. In order to get insurance quotes for your vehicle you may contact any of the named companies.Insurance quotes are nowdays available online and there is no need to consult any agent for getting auto insurance quotes.