General Insurance– Also known as non-life insurance, general insurance is defined as any insurance that that doesn’t fall in the category of life insurance. Life insurance includes term life insurance plan, whole life plans, endowment plans, money back plans, ULIPs, child Plans, investment plans and retirement plans.Ģ. Under a life insurance plan, in exchange for a premium, the insurer promises to provide the policy nominee with a pre-decided sum of money upon the death of the policyholder (as per applicable terms and conditions). Life Insurance- Life insurance is a contract between an insurer and an insured. Our portal showcases insurance plans offered by 50+ prominent public and private insurers across India, which falls under two categories:ġ. To come across the best insurance plan, it is necessary to compare insurance plans based on features, benefits, offered coverage, and premium rates. Insurance companies offer various policies to fulfil the insurance needs of different insurance buyers. Our sole objective is to help insurance applicants make an informed decision when they buy a policy online. In addition to that, individuals can also opt for best mutual funds, investment options, and tax-saving investments at our platform.Īt PolicyBazaar, you can easily compare the insurance quotes, get detailed information and zero down plans such as a LIC term plan, LIC, HDFC child plan, LIC pension plan, etc. By making smart use of the latest technology, PolicyBazaar makes insurance buying/ process smooth for insurance buyers.Īpart from buying insurance online, existing policyholders can renew insurance plans and file a claim. We have tied up with 50+ insurance companies in India to offer a myriad of options.
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They can buy Arogya Sanjeevani Policy from Īnd for the lower-income groups, we also provide PMJAY or Ayushman Bharat Yojana scheme on our platform, which is a big initiative by our PM Narendra Modi to provide insurance to the needy in both rural and urban India.īy comparing insurance plans online, the applicants can avail easy and free access to the availability of information. This year IRDAI has also introduced another standard health insurance policy for people who cannot afford to pay higher premiums. The policies cover COVID-19 hospitalization, home treatment, Ayush treatment along with the cost of PPE kits, and other expensive consumable items. Moreover, as per the IRDAI regulations, all the health and general insurers are now offering two specific products namely, Corona Kavach Policy and Corona Rakshak Policy. They can make an informed choice in a matter of a single click that too from the comfort of their home.Īs the insurance sector has taken proactive measures upon the outbreak of COVID-19, PolicyBazaar is also offering Coronavirus term insurance and coronavirus health insurance. We offer an online platform for insurance buyers where they can easily compare different insurance policies such as car insurance, life insurance, two-wheeler insurance, term insurance, retirement plans etc. Based out of Gurgaon, Haryana, PolicyBazaar is an insurance broker approved by IRDA of India.
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