Every Individual cares for saving money while yearning for alternatives in investing. In Some investment forms, tax-saving doesn’t compliment with Investment. The purpose of investment is to extract profits in due course of time. The mindset of any small time or big investor is always making handsome profits in short span of time. However there are others who think that long term investments can benefit them financially and mentally by giving them peace of mind so they are always open to suggestive options. One of such suggestive investment option is putting money in Insurance. There are basically two types of insurance; Life Insurance and General Insurance.
General Insurance in developing countries has huge potential because population at large needs to be covered. So we can now find several companies entering insurance arena to fulfill the requirements of masses. The major hindrance in this is creating market awareness about the product and its customized benefits to the individual or family.
India is one of the fastest developing countries in terms of Insurance services. There are numerous companies in India that provides Insurance products some of them are ICICI Lombard, Bajaj Allianz ,Tata Aig, Reliance General and others.
Some of the popular Insurance products that are available in the market are: Health Guard Health Insurance , Travel Companion, Health advantage Plus, Family floater plans, Student Companion, Reliance health wise policy, Travel care policy, Tata Aig Maharaksha.
For non-tangible assets we can find few MNC’s as well as PSU that provide such type of insurance some of them are LIC, ICICI Prudential, Bharti Axa and others.
Of all the above products health insurance is the most sought after product due to sky rocketing expenses for health related treatments. Again while considering health insurance we should be aware of the company that provides right kind of policy with minimum premium. There is a catch and that being some companies promote their products without highlighting the riders which people may not know while buying policy. So it is better to visit the official website of such companies rather than depending on multi-insurance provider agencies.
