DigitalNomad's blog

Do you not have bike insurance yet? It is important to know that if you are riding a bike in India, you must have bike insurance. This saves you from financial and legal liabilities. Understandably, not everyone can buy comprehensive motor insurance. That is why the Motor Vehicle Act of 1988 has mandated third-party bike insurance to ensure you are safe from any liabilities while driving on the road. 

There are several reputed general insurance companies in India offering varied coverage options to individuals. It can thus become a challenge to find a trustworthy insurance company offering these policies.

Car insurance policies serve as a crucial financial safety net in the face of accidents, theft, or damage to your vehicle. However, the overwhelming array of options can make it challenging to select the right policy online.

Luckily, the rise of online car insurance comparison tools has made the process much easier. However, navigating the maze of information and jargon can still be daunting, especially for beginners. 

Bustling streets, towering skyscrapers, and a vibrant energy that never sleeps - welcome to Mumbai! This city is a melting pot of cultures, ideas, and dreams, attracting people from all over the world. From smart homes like Asmita Grand Maison to sea-facing homes, Mumbai has something to offer everyone. But what is it about Mumbai that makes it such a great place to call home?

In India, the Motor Vehicles Act of 1988 makes it mandatory for all vehicles, including taxis, to have valid insurance coverage. Taxi owners are responsible for selecting insurance policies that fulfil their needs and provide sufficient coverage for their vehicles.

One of the important aspects that you need to check while selecting taxi insurance is the No Claim Bonus (NCB). NCB is a discount offered by insurance providers for every claim-free year. However, many taxi owners are unsure about the transferability of NCB when they switch insurance providers.

Commercial vehicle insurance is a tailored insurance plan that only covers damage caused by or to the commercial vehicle and the driver. It covers the damage caused due to collisions, natural calamities, fire, and many more. Hence, it is mandated by the law that every commercial vehicle must have heavy vehicle insurance for their rickshaw, cabs, school buses, tractors, etc. You can find many commercial vehicle insurances online, offering you the best plans per your need. 

What Does a Commercial Vehicle Insurance Cover?

In India, the awareness of the general insurance companies needs to be improved, even though there have been many measures taken by IRDAI (The Insurance Regulatory and Development Authority of India) to educate the consumer. Every person must have a general insurance policy for themselves or their family. This helps them in uncertain circumstances where there is a dire need for financial cushion.   

International travel can be an exciting and fulfilling experience, but it can also come with risks and uncertainties. A missed connecting flight or a medical emergency in a foreign land can be an extremely stressful situation. To stay cushioned against these risks, it is important to have a comprehensive travel insurance policy in place before embarking on your journey. This provides peace of mind and offers a wide range of benefits that can help you deal with unexpected situations.

International travel has tripled in the past couple of years. Apart from tourism and business, this rise has mostly been fuelled by the rise in international education. With eased procedures for foreign education, scholarships, and other benefits, students often fly miles to get their desired degree. In addition to other procedures, students must obtain student travel insurance as a mandate.