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What is Co-Pay in a Health Insurance Policy?

Friday, July 12, 2019, 5:32 PM

Co-pay refers to the part of the claim amount in an insurance policy which is borne by the insured out of pocket. It is generally provided in a percentage term and is applicable on the claim amount in General Insurance Policies. It may range from 10% to 50% in health policies.
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What Is Property Insurance?

Friday, January 25, 2019, 5:19 PM

As the name suggests property insurance provides insurance cover to goods and physical equipment/assets and compensates for loss in case of any damage of the property. Property insurance can be availed by households, business and manufacturing units. It is a comprehensive-policy that offers a combination of policies that include homeowner's policy, renter's policy, flood-insurance, shopkeeper's policy, office package-policy, and earthquake-insurance under a single-policy.
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What is general insurance?

Friday, December 7, 2018, 6:06 PM

General insurance is an agreement between the insurer and an individual that offers financial compensation on any loss other than death. It insures and compensates for losses or damages to your valuables that you want safeguarded. A general insurance plan compensates for financial loss due to liabilities related to house, car, bike or travel.

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