We are not Insurance Company. We are a leading Wedding Insurance & Insurance Consultant & Investment Consultant providing Low-Cost Life Insurance, using most competitive policies available from all Insurers in India Overview Life Insurance

Wedding Insurance

It is now possible to insure your wedding. Though wedding insurance is not as commonly heard of as car insurance it is a product that is slowly and steadily gaining popularity in the Indian market. The reason why the companies who do have such a product, do not market them aggressively is because some people are superstitious and would consider even thinking of such possibilities (such as burglary, death of either the bride or bridegroom etc.) as inauspicious. According to Mr. T.A. Ramalingam, head (underwriting), Bajaj Allianz General Insurance, says, “Given the sacred nature of the rituals nobody wants to even think that anything could go wrong.”

Malati is about to get married very soon. Her family has kept aside a few lakhs on the wedding. Malati feels that it is only right for them to go in for an insurance plan, though her family is not comfortable with the thoughts. As her father points out, “who on earth would like to think of such things on such a happy and auspicious occasion!”

However, Deboshree who is a manager with an event management company is of the opinion that since “the big fat Indian wedding” as they call it is an expensive affair with even ordinary middle class folks shelling out as much as five to six lakhs for a wedding it makes sense to have the event insured. After all life is really unpredictable.

A wedding is a very special occasion not just for the bride and groom but also for the entire family. So, logically it seems like a good idea to forsee any untoward incident and be prepared for it. This is something that we naturally do. What we probably do not consider is the monetary or financial losses that may occur if any of these “untoward incidents” should occur despite us having taken precautionary measures. Insuring your wedding is one way of feeling financially protected.

Typically most of the wedding insurance plans available in the market provide cover against accidents to the bride, bride groom and their blood relatives., burglary of wedding finery and valuables which include clothes and jewellary, cancellation of the wedding due to legitimate reasons, damage caused to the venue by natural calamities, criminals or if the venue is the target of a terrorist attack and food poisoning.

What these policies do not cover are cancellation of the wedding due to criminal offence committed by either the bride or the bride groom, insolvency of the policy holder and feuds between the two families.

The tenure of a wedding insurance could range anywhere between a week before the actual function takes place till all the festivities are over.

Remember to keep all those valuation certificates and bills as they would be required when you are taking the policy. Though most people believe that wedding insurance is only for the rich, the market for wedding insurance is growing among the middle class as more and more wedding planners and event managers are getting into the act of informing their clients about the benefits of this product.

There are a few public sector companies who offer wedding policies under the event insurance packages. The major private players in the market are Bajaj Allianz and ICICI Lombard.

You cannot put a price tag on your peace of mind but, when you compare the expenses involved in an Indian wedding the premium for a wedding insurance seems like a fair price to pay.

Insurance topic: Wedding insurance, wedding burglary, Accidents, natural calamities, terrorist attack and food poisoning, valuation certificates, Bajaj Allianz and ICICI Lombard

Insurance India

Insurance: For a peaceful mind

There is a very wrong conception among the people throughout the world that insurance is for those people who are not sure about their life and fear that they are going to die very soon. However, the truth is completely different. Insuring your life by subscribing to an appropriate insurance policy makes your and your dependents life safer.

No one should take their life for granted and should try to safeguard their life by taking an insurance policy. This allows them to be more relaxed and feel certain against the unforeseen event of their life.

Insurance is a mean to secure you from the loss of life or loss of properties. The categories may be spread to different risk factors and you have to choose one in accordance with the risks that you feel most involved with. Insurance policies help people in migrating from the risks. They also provide insurers with the cushion at a time when they suffer from any time of financial loss.

Presently in the market, there are lots of reputed companies providing people with the insurance policies and there is a stiff competition amongst the companies, which in turn is helping consumers a lot. With globalization, the insurance companies are providing the cover to people and the properties all over the globe.

Nowadays, there is a growing awareness amongst the people regarding life insurance and other types of insurance policies. They are now insuring both their life and property and acquiring a complete peace to their mind.

Max New York Life Insurance

Max New York Life Insurance – Most trusted private life insurance company of India Max New York Life Insurance is a globally acknowledged multi-business insurance corporation offering safeguards against unknown twists and turns of a human life. Any individual who is concern for his/her own life and cares for one’s family would certainly give a look to insurance plans offered by this Fortune Company.

Max New York Life Insurance is a well-renowned insurance company with 160 years of sound experience. This is a joint venture in India by two giant multinationals Max India Limited and New York Life Insurance, started in 2000. A global expert in insurance, New York Life Insurance had joined hands to cover lives in India with a multi-business corporate Max India, which is leading corporate in business of IT and Telecom services, Clinical Research and Plastic products markets.

This is the first leading private life insurance company of India, awarded with ISO 9001:2000. Max New York provides best solutions for life insurance with tailor-made plans and policies to suit each individual need. There are more than Many products to choose from that will help you to get your financial need as and when you need in your life.

The company has vision to be the most admired and reliable life insurance corporate in India. The foundation of the company is on quality platform with basic values of honesty, excellence, caring, knowledge, teamwork and integrity. With quality approach to customers, it has established itself a trusted life insurance company with a wide network of offices covering cities of India.

Health Insurance

“ Take care of your health with help of Health Insurance The modern, high-tech era has its own disadvantages and if gives those unwanted side effects in spite of taking every step to stay healthy. With fast and stressful life one can encounter all those unwanted illness and diseases.

With increasing living cost, cost of medical treatment increases as well. A common man will get sicker by paying bills of the treatment, then disease itself. Medical bills must be the last thing to think about when you or any of your loved ones come across that uncertainty of life. The answer to stop worrying about health problems is health or medical insurance. Health Insurance also known as MediClaim offers protection against unforeseen medical emergencies. In situations like unexpected illness or accident the health insurance takes care of costs of treatment, hospitalization and other medical services. There are medical insurances that also provide support for pre as well as post hospitalization steps like costs of medical tests or purchasing medicines.

Health Insurance Policies are helpful in terms of tax saving benefits, as they offer tax savings under Section 80D. An individual is able to deduct maximum amount of Rs. 10,000 under this benefits, while a senior citizen enjoys the maximum limit of Rs. 15,000. Critical Illness rider is an option to cover medical expenses. The amount insured in the policy will be given to the customer in case; he/she encounters that critical illness during the time period of the policy.

Insurance companies have listed critical illnesses in their business policies. They are to help customers with innovative products. Home Insurance

Protect your home with a home insurance Your home is the shelter which protects you against the vagaries of nature such as heavy downpour, scorching heat and biting cold. What protects the house from certain hideous calamities like an earthquake or a tsunami? Do you simply watch your home built on hard earned money being razed to the ground? Definitely not! To further safeguard your dream home, you must cover your home with a home insurance.

Home insurance covers the house against natural calamities and man made accidents. Earthquakes, floods, tsunamis and landslides fall under the category of natural calamities. Riots, acts of terrorism and vandal attacks come under the category of man induced damage.

There are basically two types of the home insurance policy. One covers the damage caused to the structure of the house and the other one covers the damage suffered by the objects present inside the house. The insurance covering the building structure includes offering assistance in repairing the damage caused due to fir, explosion, missile testing, acts of terrorism, earthquakes, floods, torrential downpour and other similar natural calamities, bush fire, riots, strikes, aircraft damage, damage caused by the collision of vehicles, tempests, water tank bursting and landslides.

Home insurance cover for the objects inside the house covers the damage of the objects present inside the house. For example, if there is a burglary due to which one has lost all his jewels and other important items like the television set, washing machine etc, he will be given an amount which will be the actual market value of the lost item after accounting for the depreciation.

Motor Insurance

Insure your vehicle today With the increasing number of accidents on the road, maintaining your vehicle is becoming an expensive affair. Even the parking lot is no safe place. Some speed friendly teenager may simply bump into your car and speed away after leaving your car with an ugly dent. Not only this, this ugly dent can prove to be ugly on your pocket too. This is what leads us to the topic of this article, motor insurance.

As per the legal laws governing the traffic in India, no vehicle is allowed to run on the roads without being covered by a motor insurance. This makes obtaining a motor insurance for your vehicle compulsory. Motor insurance covers the vehicle and its parts against any damage caused by natural disasters or man made incidences.

The damage caused by storms, cyclones, earthquakes, floods, rains, hurricanes, typhoons, landslide, hailstorms, explosion, fire, rockslide, tempests, tsunamis, inundation, lightning and self ignition which come under the category of natural calamities are covered by the motor insurance.

Damage induced by man such as accidents, thefts, burglary, terrorism, riots, stoning and strikes are also covered by the insurance policies. If the damage is caused when the vehicle is being relocated or transported from one from to another by air, waterway, rail or elevator, the motor insurance cover will back the expenses of repairing it.

Motor insurance also covers the life of the driver and in some cases the passengers. This implies that if the person is injured, his health expenses will be covered by the motor insurance. Some motor insurance covers also back the expenses incurred by the co passengers due to the accident. One has to opt for this insurance option at the time of application of the motor insurance. Travel Insurance

Travel safe and secure with travel insurance Traveling can be quite a task irrespective of whether you are traveling alone or with the family, whether it is a long distance or a short distance journey. It becomes a further cause of worry if it is inter continental with the increasing number of transits. With varying levels of security in different airports and railway stations, safeguarding your luggage is a daunting task. A travel insurance policy comes as a God send at this hour of need. Let us see some common cases that cause utter annoyance to the traveler. These incidents are common place and can happen even to you. Your luggage could be misplaced. Worse, it could be put on the wrong flight. If you are traveling by train or bus, the luggage could be stolen. Not everyone carries an extra pair of spare clothes in his or her hand bag! Even at airports which boast of high levels of security are not completely free of theft.

Travel insurance protects you and your baggage against any untoward incident at the time of your journey. It accounts for loss or misplacement of luggage, theft, and delay in handling the baggage. Not only is it concerned with the baggage, it also covers any emergency medical expenses incurred by you on your journey. Passport theft is also covered by travel insurance.

Expenses borne by you due to delay in trips or cancellation are covered by the travel insurance policy. Not just these, the assets which have been left behind at home are also insured by the same policy. This ensures that you have a safe and stress free journey. Endowment Policy

Endowment policy An endowment policy is basically an investment option and less of insurance. If you wish to protect your savings against an untoward incident or want to make money for a specific period of time to spend on a specific purpose, an endowment policy can be adopted.

An endowment policy usually covers the risks for the period of time for which the policy has been taken. For example, if a person has taken it for time duration of ten years, any injury or health problem will be covered by the endowment policy only if it occurs in those ten years. In other words, the policy is valid only for the term for which it has been taken. Just like an insurance cover, the individual who wishes to take up the endowment policy must pay a certain amount at the beginning of the policy. This amount is also called a premium or the capital. There is an interest on this sum which accumulates over the time period for which the policy has been taken. The time duration for which the policy has been adopted is called the term. At the end of the term, the agency which is offering the endowment policy returns the premium invested by the individual along with the money got by interest over the period of the term. The bonus is summed to the premium and returned. Interest rates are usually compounded and may or may not remain the same.

An endowment policy is used essentially to save the money to be put to use for a specific reason. It also protects the policy holder’s savings against his premature death.

Group Insurance

Get multiple benefits with group insurance

If you are a corporate who is looking at insurance for a large number of individuals or if you are an NGO with the same goal, then this article is for you. Taking insurance covers for every single individual in your group or organization is a messy affair. The individual requirements may be different. The same policy cover may not apply to all the people. The age groups may be different. What do you do when you have such a diverse work force for which an insurance cover must be taken? The answer is simple and easy to obtain, you opt for a group insurance.

What is a group insurance? Group insurance is a policy that offers the benefit of insurance to large groups of people such as the employees of an organization, the employers of the same organization, co operatives, NGOs and any conglomeration of people who can be called a group. In group insurance, the same policies apply to every individual who is covered by the insurance. One primary advantage of group insurance is that it often offers a low premium. In fact, there are many financial institutions that cater to the needs of the lower strata of the society. By this, we mean the insurance premium is a highly subsidized and is a reasonable amount.

Group insurance schemes have a wider reach over the population. This is primarily because their plans are flexible and any group whether it is a corporate, a welfare organization and even a not so well off group can have access to the group insurance policies.

Joint Life Insurance Policy

Twin benefits of joint life insurance policy

If you are married and looking at an insurance policy that can cover both you and your loved one, this could be for you. If you and your partner are heading an organization, the joint life insurance policy is tailor made for you too.

Joint life insurance policy is similar to the endowment policy in a lot of ways. One important aspect in which it differs from the endowment policy is the fact that it offers insurance for two people. This aspect is a bonus for those who are looking at obtaining a cover for two people. Parties who would benefit from this policy would be married couples, partners heading or starting a company and siblings.

A premium is paid at the beginning of the joint life insurance policy. An interest rate is applicable to this premium. The money got by the interest on the premium is added to the main sum over the term. This is called bonus and it accumulates over a period of time as the term proceeds. The interest rates are subject to change with the change in economy and largely depend on the market dynamics.

If one of the two joint policy holders dies, the assured sum is paid to the living benefactor. On the death of the other person, the amount along with the added bonus is again paid to the nominee. If both the policy holders are alive at the end of the tenure, the assured amount is paid to them on the date it matures.

Loan Cover Term Policy

Loan cover term policy A loan is taken to cover the expenses incurred in some activity of the individual. A motor loan covers some or the entire amount that went into purchasing the vehicle. A home loan covers the costs incurred by the individual when purchasing or building the house. When a loan has been taken, it needs to be repaid along with the interest within the term specified. What happens if the debtor is unable to repay the loan or dies a premature death?

This is when loan cover term policy is put to action. The loan cover term policy covers the home loan. It is also an insurance cover. When the debtor suffers a premature death or is unable to repay the debt due to valid reasons, the loan cover policy takes care of the repayment.

To begin with, there is a loan amount on the loan cover term policy. This forms the premium. The person who has taken up this policy has to pay a fixed sum every month to cover this premium. This is called equated monthly installments or EMI. With the payment of the EMI, the amount of loan decreases. The EMI has to be paid as per the schedule given by the institution offering the loan cover term policy.

In the case of premature death, this policy returns the assured lump sum amount. There are no profits involved here and if the person is still alive at the end of the term, so benefits on the premium are made to the surviving person. Loan Cover Term Policy

Loan cover term policy A loan is taken to cover the expenses incurred in some activity of the individual. A motor loan covers some or the entire amount that went into purchasing the vehicle. A home loan covers the costs incurred by the individual when purchasing or building the house. When a loan has been taken, it needs to be repaid along with the interest within the term specified. What happens if the debtor is unable to repay the loan or dies a premature death?

This is when loan cover term policy is put to action. The loan cover term policy covers the home loan. It is also an insurance cover. When the debtor suffers a premature death or is unable to repay the debt due to valid reasons, the loan cover policy takes care of the repayment.

To begin with, there is a loan amount on the loan cover term policy. This forms the premium. The person who has taken up this policy has to pay a fixed sum every month to cover this premium. This is called equated monthly installments or EMI. With the payment of the EMI, the amount of loan decreases. The EMI has to be paid as per the schedule given by the institution offering the loan cover term policy.

In the case of premature death, this policy returns the assured lump sum amount. There are no profits involved here and if the person is still alive at the end of the term, so benefits on the premium are made to the surviving person.

Pension Plan

Pension plan for a better tomorrow

Has the prospect of an old age where you are dependent on your children for a square meal always haunted you? With advertisements and movies adding fuel to this nagging insecurity, imaginations only run wilder. It is time to say good bye to these thoughts. Become a smart saver today and lead a secure life. No one can take your independence and money away.

Investing smartly is one option of multiplying your earnings so that returns are good after a couple of years. However, if you are a safe player who does not like taking too many risks, a pension plan would be ideal. Annuity is another name given to the pension plan. Almost all the major players in the finance and banking sector such as ING Vysya, State Bank of India, ICICI offer some great schemes on the pension plan.

The basic rule of any pension remains the same. The person pays a premium at the beginning of the term. He can pay a lump sum amount at a time or pay it in installments. For this he gets a return. The return can be got every year or every month. It can also be half yearly.

A pension plan is not a life insurance policy. It offers no cover for any medical expenses. It is more as a means to secure standard and continuous income post retirement which is why it is called a pension plan. The income is guaranteed for the number of years for which the plan has been taken up.

Term Life Insurance Policy

Term life insurance policy Often policies like the endowment policy, home insurance and motor insurance require that a large amount be paid in the beginning of the term as the premium. Many people cannot afford it. For such people, a short term insurance cover will be more beneficial.

A short term insurance cover has a lower premium. It covers the risks suffered by the policy holder only in that duration of time. Any risks suffered before or after the term has come to an end will not be covered.

This is ideal for individuals who cannot pay up a large premium as in the case of an endowment policy. When they opt for a term life insurance policy, they enjoy the benefits similar to those enjoyed by endowment policy holders, with the only difference being that in the case of a term life insurance policy, the time duration is limited.

If the individual has survived the term for which the policy has been taken, the risk cover is no more applicable. He will have to take up another policy to cover the risks. Term life insurance policy can also be looked at as a means of health insurance for persons who may embark on a dangerous profession only for a limited duration of time after which the risks involved are minimal. Term life policies have pretty stringent rules. The premium must be paid within the time specified. If the person fails to do so, the policy becomes null and void and the paid up values are also lost. As there is no accumulation of reserves, no loan is granted and surrender is not possible.

United Linked Insurance Plans

Avail the all round benefits of Unit Linked Insurance Plan Is your head swimming with figures as a result of wondering what could be the best way to invest and reap maximum returns? Is filing your tax returns for the current year making you lose sleep? Do not worry, for the Unit Linked Insurance Plan takes care of all this and much more. It is an insurance cover that offers a host of multiple benefits.

Unit linked insurance plan or ULIP is essentially a life insurance cover. This life insurance policy besides performing the basic function of providing life insurance also takes care of your personal investments. Not just this, it also offers a good amount of flexibility and protection to your investments.

The investment is measured in terms of units. Every unit denotes an investment. The unit is actually a representation of the value the investment has attained. This is commonly called Net Asset Value or NAV. The value of the policy depends on the assets at the given time. In other words, the net asset value governs the value of the policy.

As mentioned before, unit linked insurance policy offers a wide range of benefits. These include life insurance (protection from natural calamities like earthquakes, fire, floods, storms, cyclones and man made calamities like acts of terrorism, riots, strikes etc), flexible life cover, investment and savings and transparency. This plan also offers the indivi dual to take extra cover against any other risks that are not covered. Liquidity and tax planning are some extra benefits that are availed on taking up this plan.

Whole Life Insurance Policy

Whole life insurance policy, as the name suggests covers the policy holder for his lifetime. This implies that when the policy holder adopts this policy, a medical expenses incurred during his lifetime may be partially or fully covered by the insurance. The whole life insurance policy can be explained briefly as follows. The individual pays a monthly or a yearly premium. He can also opt to pay a lump sum premium. This would avoid the hassles of remembering to pay the monthly or the yearly premium as per the schedule mentioned. If the person is not comfortable with parting a large amount of money or does not have the means to do so, the monthly installments are a good option.

After the premium has been paid, an interest rate is applicable on the money paid. This will accumulate and add up to the final amount that the nominee will receive on the death of the policy holder. One aspect of the whole life insurance policy that is different from other insurance covers is the fact that the policy holder as such enjoys no benefits from the policy during his lifetime.

This policy is more apt in the case of a couple where one member may be dependent on the other. In such cases, the untimely demise of the earning member who is a whole life insurance policy holder will leave the nominee with enough money to support them. There is no survival benefits offered in a whole life insurance policy.

ALL Insurance Policy

General Insurance, Health Insurance, Home Insurance, Motor Insurance, Travel Insurance, Endowment Policy, Group Insurance, Joint Life Insurance Policy, Loan Cover Term Policy, Money Back Policy, Pension Plan, Term Life Insurance Policy, Unit Linked Insurance,

Whole Life Insurance Policy and More Insurance Policy.

Insurance Companies

Life Insurance in India , LIC, Max New York Life Insurance, Aviva Life Insurance, Bajaj Allianz Insurance, Birla Sun Life Insurance, HDFC Life Insurance, ICICI Prudential, ING Vysya Life Insurance, Kotak Mahindra Insurance and Mutual, Metlife India Insurance, Reliance Life Insurance, SBI Life Insurance, Shriram Life Insurance, Tata Aig Life Insurance and More Insurance Companies.

Max new york life insurance agents offering insurance services, life insurance services, health insurance services, medical insurance services, accidental insurance services, investment policy services, children endowment policy services, etc.

Overview Life Insurance

We are not an Insurance Company. We are a leading Insurance Consultant providing Low-Cost Life Insurance, using most competitive policies available from all Insurers in India Claim Settlement

We provides a very useful service in processing insurance claims. Integral part of our service is to lodge claims on your behalf. We assist you in completion of all the necessary documentation and coordinating the loss adjuster and the insurers to make any repairs.

Investment Advice

We help you find ways to remain afloat through inflation and various financial conditions. Your personalized financial plan creates your short-term and long-term investment profile and creates a path for you to follow with our guidance. Our investment spectrum covers Saving Accounts, Fixed Deposits at Banks and Companies, Life & Health Insurance, Annuities, National Savings Plan, Kisan Patrika, Mutual Funds, PPF, EPF, Pension Plans, Unit Linked Investments, Stocks and Bonds, Various Derivatives and Options, Income Tax Deduction (TDS), and Reviews to minimize the Tax Return. Contact Us or Send Online & Offline Query:

Email: insurance@vivahpoint.com
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