iTerm Insurance Plan – The Policy in Demand in India

Where living a safe and secured life is a point of concern, buying a suitable insurance policy gives you a chance to live longer. Term insurance being one of the oldest insurance schemes available online in India; it is now commonly applied for by millions. The iTerm Plan comes with improved features as compared to its previous schemes. No doubt it has gained so much appreciation as soon as it was introduced. The latest scheme offers a unique illness cover with a policy term with an age limit of 75. With features like special critical illness for women and single premium schemes, the plan offers a lot.

Key features to know before applying for the iTerm Insurance

- The iTerm plan comes with a built-in coverage for terminal illness
- The policy term can be as long as up to 75 years of age
- Accident death benefits, women critical illness and waiver of premiums are the 3 rider options
- Applying for the iTerm plan from online sources is easy with a hassle-free process

So many merits to think about
- Death benefits- In India many car and bike drivers are facing unfortunate accident deaths. People consider iTerm as a suitable life securing option. In an unfortunate incident of death of policy holder, assured amount is received by the policy nominee.

-Terminal illness- many residents in India suffer from terminal illness issues and have to bare constant treatment expenses. With terminal illness situation, the medical condition becomes incurable or uncorrectable. This is one of the reasons of imbalance in the personal finances. 25% of the treatment charges are paid to the policy holder if he/she is diagnosed positively with terminal illness.

-Income Tax Benefits- Premiums up to Rs.1, 00,000 paid under Life Insurance are eligible to be deducted from taxable income as per section 80c.

-Accidental death benefit- under the accidental death rider, the nominee receives certain decided amount of cash if the policy holder dies due to accident.

-Premiums on any critical illness benefits- if critical illnesses like Cancer, Stroke, Coronary Artery Bypass Surgery, or Heart Attack is diagnosed, the policy holder is eligible to wipe-off all future premiums.

-Women critical illness merits- specifically designed for the women, if the policy holder is diagnosed with critical illnesses like cancer, pregnancy complications, or congenital anomalies, expenses between 2.5% and 5% can be covered depending on the age.

Applying for online Term Insurance Plans like that of iTerm Insurance is made simple with easy to understand form-filling procedures. It is an amazing policy to receive adequate insurance for self and for your loved ones. A simple term plan that requires no monotonous paper work is available online. It offers a feeling of comfort and peace of mind for the policy holders. With 3 riders available with iTerm insurance plan, the choice is yours!

What Is High Risk Insurance and Do You Need It?

When you have a clean driving record, sometimes finding affordable and flexible auto insurance can be difficult. As you can imagine, when you have a spotty driving record, finding an affordable and flexible insurance plan is even more difficult. Insurance is all associated with risk, whether it is automobile insurance or homeowner’s insurance. When the insurance company takes on more risk, it charges policyholders higher premiums. All of the money charged goes into a pool from which claims are paid. Just because you are considered high risk does not mean you have to remain in the high risk category the entire time you are with your insurer. Learn how a company can provide you with the high risk insurance plan you need, at a price you can afford and stop looking for insurance through subpar insurance companies.

Who Needs High Risk Insurance?

You might be wondering who is considered a high risk driver. When you have a driving violation, you are considered a riskier driver than an individual with a clean driving record. While you are riskier, you are not considered a high risk driver with just one minor moving violation. You are a driver who is considered a risk when you have several points on your driving record. You might have a DUI, reckless driving convictions, or a mixture of tickets and accidents that have been reported to the Department of Motor Vehicles. If you have been at risk of losing your license because of your driving record or you have only recently gotten your license back, you will need insurance of this type.

Building a Policy You Can Afford

Insurance companies who do not specialize in covering high risk drivers will charge such drivers very high premiums to balance the risk they take by insuring a driver. If you are a high risk driver or you require an SR-22 for proof of financial responsibility, it is in your best interest to go with a company that specializes in covering drivers like you. With some research, you can find companies that offer affordable plans that can be customized to meet your needs. You do not have to break the bank just to get insurance to drive legally on the road.

All drivers are required by law to carry auto insurance when driving any vehicle on public roadways. If you do not have insurance or you are paying too much for your insurance, visit a variety of websites to learn more about reliable companies with insurance plans for high risk drivers and you will find a plan with good coverage that you can afford.

Do You Need Professional Indemnity Insurance?

Professional indemnity insurance (also referred to as PII, PI, professional insurance, public liability insurance, PLI and errors and omissions insurance) is crucial cover for any party who supplies advice, guidance or professional services. If you work in any professional industry, from creative companies to firms who handle data, insurance is essential, yet it can be tricky to know whether or not this form of cover is necessary to you.

In this article,
we’ll be exploring which industries require professional indemnity insurance and why this type of cover is so important to companies across the UK and worldwide.

Who needs professional indemnity insurance?

If you think you need PI, chances are you’re right! Essentially, if you work in a line of business where mistakes or misjudgements in your work could affect a client or third party, professional indemnity insurance is a vital form of cover which could protect you from the little errors that life can sometimes throw your way. If you’re still not sure, it may be helpful to ask yourself the following questions:

1. Do you offer your clients advice or guidance?
2. Do you work with data?
3. Do you provide technical solutions or services?
4. Do you offer creative services?
5. Is client confidentiality important in your work?
6. Do you work with important documents vital to clients?

If you have answered ‘yes’ to any of these questions, taking out professional indemnity insurance is a very smart idea.

Basically, PI insurance provides cover should any accidental miscalculations, mistakes, misjudgements or errors adversely affect your clients. If a client was to take legal action against you in such a situation, public liability insurance would cover the cost of a successful claim, court costs and any other losses to your business.

Which industries need professional indemnity insurance?

As a rule, any ‘professional’ industry has a need for PI, but this definition isn’t particularly clear. To give you some idea of the sorts of areas in which insurance is important, here are a few examples:

• I.T. companies (from programmers to technical support teams)
• Financial companies (from accountants to bankers)
• Creative businesses (from advertising to marketing to photography companies)
• Architects, travel agents, engineer, estate agents…

This list is not exhaustive by any means. If you’re at all unsure please consult our quick ‘do I need insurance’ checklist above or speak with an insurance expert. If you do need insurance, it is important to make sure you address this need. Without the right protection in place you risk your livelihood and your business. So get cover now!