News & Updates

General Insurance Tips

1. Understand Your Coverage

Always read and understand the terms, conditions, and exclusions of your insurance policy to avoid surprises during claims.

2. Bundle Your Policies

Combining multiple insurance policies (e.g., home and car insurance) with one provider can help you save on premiums.

3. Update Your Policy Regularly

Review your policies annually or after significant life events (e.g., marriage, buying a home) to ensure adequate coverage.

4. Compare Quotes

Shop around and compare policies from different insurers to get the best coverage at competitive rates.

5. Don’t Underinsure

Ensure the sum insured reflects the current value of your assets or risks to avoid inadequate payouts during claims.

Health Insurance Tips

1. Buy Early

Purchasing health insurance when you’re young and healthy can lower premiums and avoid waiting periods.

2. Check Network Hospitals

Choose a policy with a wide network of hospitals for cashless claims and convenience during emergencies.

3. Understand Pre-existing Conditions

Know the waiting period and coverage terms for pre-existing medical conditions.

Life Assurance Tips

1. Choose the Right Sum Assured

Ensure your life insurance covers at least 10 times your annual income to protect your family’s financial future.

2. Start Early

Premiums are lower when you purchase life assurance at a younger age.

3. Nominate Beneficiaries

Keep your beneficiary details up-to-date to ensure a smooth claim process.

Motor Insurance Tips

1. Opt for Comprehensive Cover

Comprehensive motor insurance covers theft, fire, and third-party liabilities, providing better protection than basic third-party insurance.

2. Install Security Devices

Installing anti-theft devices can reduce your car insurance premium.

3. Avoid Small Claims

Avoid making small claims to maintain a No-Claim Bonus, which can significantly reduce your premium over time.

Home Insurance Tips

1. Insure for Replacement Value

Insure your home for its rebuilding cost, not its market value, to avoid being underinsured.

2. Include Contents Coverage

Protect your valuable belongings, such as electronics and furniture, by including them in your home insurance policy.

Business Insurance Tips

1. Assess Business Risks

Identify risks specific to your industry (e.g., fire, theft, liability) to ensure you choose the right insurance products.

2. Protect Employees

Ensure compliance with laws like the Work Injury Benefits Act (WIBA) by providing employee insurance coverage.

3. Keep Records

Maintain detailed records of your business assets, employees, and operations to simplify claims.

Tips for Saving on Premiums

1. Pay premiums annually to avoid extra charges for monthly installments.

2. Improve your credit score, as it may impact your premium rates.

3. Maintain a clean claims history to benefit from discounts and bonuses.