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What is cumulative bonus and no claim bonus?
Ramesh had bought a health insurance plan two years back. Last year he found out that the Sum Insured under his plan had increased by 10% due to No Claim Bonus (a term he didn’t completely understand). This year, again, his Sum Insured was poised to increase by another 10% (No Claim Bonus) when he…
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How do portability and renewal work?
Raj’s car and health insurance plan were expiring soon. When he researched, he found the car insurance plan of another company offering him a better IDV (insured Declared Value) and also a lower premium. He wanted to switch but was unsure of the process and the implications of such switching. On the other hand, his…
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7 tips for car insurance policy renewal
Today, motor insurance is a compulsory legal requirement. Choosing a suitable auto insurance policy has become a part of car buying process. With the variety of products offered by insurance companies, picking up the appropriate one has become quite difficult for car owners. Buying car insurance is a continuous process as you need to renew…
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No claim bonus in car insurance
Reward makes people happier. In case of car insurance, your reward comes in the form of no claim bonus. The no claim bonus is an appreciable way to reduce the premium on your comprehensive car insurance policy. A little discount offered is also a feel good factor for every policyholder due to constant rise in…
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Is it worth buying a third party car insurance policy?
Third party motor insurance is a mandatory requirement in India under the provision of the Motor Vehicle Act, 1988. As the name implies the main beneficiary of the policy is the ‘third party’. Third party here means someone who is other than the insurance company and the policy holder- be it a pedestrian or person…
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When will car insurance not cover you?
For every car owner, his car is a living entity with soul. Everyone is protective about their valued asset. Even with all the safety gadgets installed, your cars safety on the road is unpredictable and any damage to your vehicle can put you under a lot of financial pressure. This is where the role of…
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The story of Mr.Damle’s first car and car insurance
Mr. Damle, a businessman residing in Mumbai, purchased a Hyundai i10. To maintain the car in current weather conditions and protect the car in city traffic, Mr. Damle must wisely choose a car insurance. Let us see how Mr. Damle reached a conclusion with Turtlemint. Read more about Anatomy of car insurance Read more about Types…
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Potholes and insurance make a winning combination
It’s no secret, no one likes potholes. Potholes increase during monsoons. Here is how you can take care of your bike at such times. They literally come in the way of you having a smooth ride. As much as we hate potholes, we’ve learnt to live with them. That’s because they’re not going away anytime…
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How to drive safe in monsoons?
With pleasant weather, monsoons can also bring in troublesome times for your car. Whether to take the car out for drive becomes a difficult decision to make. You may have a car insurance to fall back on, but are you aware of the add-on covers that can make your car’s life easier in monsoons? For instance, if…


