1. Name : Shweta Anil Gole
Roll No :215605
Class : SYBBI
Subject :Foundation course
Topic : Health Insurance
Scheme, Home
Insurance Scheme
and Motor Insurance
Scheme
2. 1.Kotak Secure Shield Policy
Introduction :
Kotak Mahindra General Insurance Company is wholly-
owned subsidiary of Kotak Mahindra Bank wherein the bank holds
100% stake in the insurance company.
The company was formed in the year 2015 when it received its
license from the Insurance Regulatory and Development Authority
of India (IRDAI). Kotak Mahindra General Insurance Company
offers different types of general insurance policies for retail and
commercial customers.
3. Key features of Kotak health insurance plan:
Health insurance plans offered by Kotak Mahindra
General Insurance Company have the following salient features –
1. Individual, family floater, as well as group health insurance
plans, are offered by Kotak.
2. Kotak health insurance plans offer lifelong renewability if the
plan is renewed timely.
3. Claims are handled by the company internally so that you can
get a quick settlement of your claims.
4. You can choose from a range of indemnity oriented health
insurance plans as well as fixed benefit health insurance plans.
4. Kotak Secure Shield Policy
Kotak secure shield is fixed benefit plan which covers critical illness
as well as accidental contingencies. The plan also has various other
inbuilt as well as optional coverage benefits which give the plan a
comprehensive scope. The features of the plan are as follows
1. 18 types of critical illnesses and surgical procedures are covered
under the plan.
2. Accidental deaths, as well as permanent and total disabilities
suffered due to an accident, are covered under the plan.
3. There is also coverage for child education benefit wherein a
lump sum benefit is paid in case of a accidental death or disability
so that the child’s education does not suffer.
4. If you have availed of a loan and you are salaried, covered is also
allowed for loss of job
5. Eligibility conditions of Kotak Secure Shield Policy
Entry Age 18 years to 65 years
Term of the plan 1 years to 3 years
6. Home Insurance
Introduction :
Home is considered to be the biggest asset in any
individual’s life and is definitely a much treasured
possession and a precious venture, where one is
attached to each other and a family is formed. Every
moment spend in home/ house with family, friends,
relatives are always memorable.
Therefore, it’s extremely essential to protect this asset
from any unanticipated situation which might occur at
any point of time. Here comes Bajaj Allianz General
Insurance which have comprehensive Home Insurance
Plans which protects the house from all such risks or
uncertainties.
7. Why one should avail Bajaj Allianz Home Insurance
Plan?
1. Home Insurance Plans Covers the loss from burglary, fire and
natural calamities.
2. The plans cover for jewellery, valuable art work and other
valuables too.
3. This plan provides full guard to the property, contents and the
interest of the insured individual and their family members.
4. All the plans comes with attractive add-ons which help to
customize the plan.
5. Under specific plans, a benefit of renting an alternate
accommodation is also applicable.
6. All plans comes with low cost premium under the plans with
rebates.
7. Under this plan, one can insure flat/ apartment/ building or
contents only or both as well.
8. 8. Various plans are there to choose.
Householder’s Package Plans :
It’s a plan which is designed to protect the house and its contents
against uncertainties and unforeseen circumstances.
Features and benefits :
1. Affordable Premiums.
2. Attractive Rebates.
3. The plan provides protection for properties, electronic and
9. domestic appliances, and the interests of the insured individuals
together with the family members.
What is covered :
1. Fire
2. Explosion/ implosion
3. Lightning
4. Riots, strike and Malicious Damage.
5. Storm, cyclone, typhoon, hurricane, flood, tornado.
6. Subsidence and landslide which includes rockslides as well.
7. Water tanks and pipes bursting.
8. Leakages
9. Earthquake
10. Damage due to terrorist activities.
10. Burglary and Theft:
This plan covers following :
• Damage due to theft and housebreaking.
• Protection on first loss basis.
• Loss of livestock, motor vehicle, pedal cycles and money stamps
unless declared.
• This plan takes care of the accidents and unforeseen
circumstances which occur to the third party.
11. Motor Insurance
What is car insurance?
Car insurance is an insurance policy which protects you,
your car and an affected third party from financial losses
arising out of an unforeseen incident.
As per the motor vehicle act, it is mandatory in India to have
at least third party car insurance to drive vehicle on road.
Having this valid mandatory car insurance prevents you from
the hefty fines as well.
There are several optional covers to choose from in a car
insurance policy. These are zero depreciation cover, engine
protector cover, return to invoice cover etc.
Types of Car Insurance in India:
12. While planning to buy car insurance online , you can choose from
different types of car insurance.
1. Comprehensive Car Insurance :
Comprehensive car insurance includes the third party liability
and damages caused to the car and the owner of the car.
Comprehensive car insurance can be opted with various addons such
as zero depreciation cover, Engine protector cover, Return to invoice,
Key replacement and roadside assistance. These add-ons are very
popular options as these provides a complete protection from
financial losses.
2. Third Party Car Insurance :
Third party car insurance covers the third party liability which
arises in the event of car accident. In this type of policy only the
death, disability and injury liability of third party is covered. Third
party cover is mandatory in India while driving the vehicle as per
Motor Vehicle Act. In this way, this cover only you from the financial
liability towards third party.
13. What is covered in car insurance policy?
As per the standard car insurance policy, following cause of losses covered.
• Damages or loss to the car that arises through accidents.
• Covers the losses of incurred due to the theft of the car.
• Damages or losses due the accidental fire.
• Damages or losses that arise through the natural calamities such as
floods, cyclones etc.
• Personal accident cover
• Third party Losses such as damages to the third party vehicle or
property.
14. What is not covered in car insurance policy?
As per the standard car insurance policy, following cause of losses
not covered.
• Damages or losses arising due to war and similar conditions.
• Damages that arise when driving under the influence of alcohol.
• Damages that arise when driving without a valid license.
• Damages that arise when car insurance policy is not active.
• Regular wear and tear.
