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Top 5 Factors That Affect Your Car Insurance Premium

Sometimes, we do not pay as much time and heed to car insurance policies as we do for life insurance plans. While this is quite natural, you must know that such a mistake can lead to heavy financial losses.   Even though people are now changing and more and more individuals have begun opting for car insurance, most people from the upper and lower-middle-class sections in India are not aware of why their insurance premiums vary so much.   Knowing about such variations and the factors that cause such variations won’t just educate you about premiums. It will also help you address higher premiums and tackle them effectively.  

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Car flood damage insurance claim

Floods are one of the most unpredictable and destructive natural disasters that may be different in size and origin but are no less destructive to the vehicles in their path. Here are the ins and outs of filing a car insurance claim after your vehicle suffers flood damage.  The good news is that, with guidance and preparation, you can manage through the claims process successfully and receive compensation for your damages. In this blog, we break down the process — from collecting required paperwork to fending off insurance adjusters.  

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What is better, Whole Life or Term Insurance?

If you’re planning to choose between a term life and a whole life insurance, this task is going to be tough. As Indians, we don’t generally understand the importance of life insurance coverage. Even if we do, the countless choices in the Indian insurance landscape end up overwhelming. However, an effective choice will depend on a range of factors. Your specific goals will highly affect what you pick for yourself.   Furthermore, both these plans can also largely vary depending on how much you wish to spend on an insurance plan. Besides goals, targets and the cost aspect, other factors will have to be taken into consideration before you can make the right choice about your preferred plan. If you are someone who wishes to opt for insurance plans sooner or later, this blog might help you out.

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