Insurance Planning

InsuranceDekho offers car insurance, bike insurance, health insurance as well as life insurance. The premium paid for health insurance plans qualify for a tax deduction of up to Rs. 25,000 under Section 80D of the Income Tax Act. These plans also qualify for an additional Rs. 25,000 tax deduction for premium paid for parents’ mediclaim policy (Rs. 50,000 if parents are senior citizens). An insurance claim is a notification to an insurance company requesting payment of an amount due under the terms of the policy. In case of death of the policyholder, the claim can be filed by the nominee as agreed upon at the time of issuance of the policy. There are certain guidelines outlined by the company that has to be met when filing a claim. Casualty insurance insures against accidents, not necessarily tied to any specific property. It is a broad spectrum of insurance that a number of other types of insurance could be classified, such as auto, workers compensation, and some liability insurance