General Insurance services for your needs can be catered by experts. We believe in right product to cover your risks at best rates from our trusted insurance partners. Things to know Example Applicability of claim Ram for his factory took Fire Insurance Policy. The premium for the factory was Rs 10 Lakhs and sum insured was Rs 1 crore. In case of fire or peril, the insurance company will pay the claim amount after the deductible (as applicable). Amount of Reimbursement Leena got car insured for Rs 5 lakhs. She got her banged and bumper came off. Rs 20000 was repair charges for the bumper. The insurance company will pay off the amount after the deductible. General insurance works as per the policy limits and conditions. Payment of Premium Madhavi got her car and go its insurance also. Next year she sold her car and got a bike. She didn’t renew her car. Under the General Insurance Policy, the premium will be paid for one year till the renewal. She sold her car, so no need for renewal or payment of premium. Functional Period Parag bough a Fire Insurance for his factory and got the building, equipment and other fixtures. The policy was issued on 2.03.2019 and will be renewed on 1.03.2020. The General Insurance Policies are issued for a period of 1 year. Get in touch with us for your needs. Life Insurance Everyone needs insurance to cover up their different risks or to plan for particular goals at particular age. We can help you buy right insurance for your needs What is Life Insurance? A contract between an insurance policy holder and an insurer and where the insurer promises to pay a certain sum of amount (the benefit) in exchange for a premium, upon the death of an insured person, is known as Life insurance. Life Insurance Policy Details: There are different types of policies details available in India. Following are some of them: Life insurance Tax benefits: In number of ways, life insurance helps to save tax. Premium paid on life insurance are tax deductible. Under section 80C of the Income tax act, 1961, tax deduction allows exemption up to Rs 1,50,000 per annum. You can also claim deductions for premiums paid towards life insurance policies of: Under section 10(10D) of the income tax act, 1961, life insurance payouts received as a benefit to the nominee or on maturity as a survival benefit, to the insured including bonuses if any is exempted from tax. Tax benefit on health insurance is allowed under section 80D of the Income tax act, 1961. Maximum Rs 25000 can be availed as tax deduction. For premium paid towards health insurance policies of following can be claimed as deduction: For your policy requirement please get in touch with us to get right product suiting your needs.