How Life Insurance Helps Pay Off Debts | Best Life Insurance Plans in India

 Life is full of financial commitments—home loans, education expenses, personal loans, and credit card bills. If anything happens to you, these debts could become a burden on your family. That’s where a Life Insurance Policy becomes a powerful financial safety net.

In this article, we’ll explore how you can use Life Insurance Plans to pay off debts, the different types of life insurance policies suitable for various life stages, and how to choose the best life insurance policy for debt protection.

Life Insurance Helps Pay Off Debts

---

1. Understanding the Role of Life Insurance in Debt Management

One of the main benefits of life insurance is its ability to provide a lump sum or regular income to your dependents. If you pass away unexpectedly, your family can use the death benefit from the policy to:

• Repay outstanding home loans

• Clear credit card dues

• Pay off car loans or personal loans

• Manage daily living expenses

This ensures your loved ones are not forced to sell assets or settle new debts.

---

2. Best Life Insurance Policies to Pay Off Debts

Here are a few types of life insurance policies that can help manage liabilities:

Term Life Insurance

• Affordable and offers high coverage

• Ideal for repaying large debts like home loans

• Best suited for individuals aged 25–45

• Consider a life insurance policy for a 25-year-old starting their financial journey

Whole Life Insurance

• Offers lifelong coverage

• Includes savings/cash value component

• Suitable for those who want to leave behind a debt-free legacy

• Ideal for life insurance for senior citizens

Endowment Plans & ULIPs

• Combine insurance with investment

• Can help accumulate wealth while covering debts

• Suitable for medium-to-long-term debt planning

---

3. Features of Life Insurance That Help with Debt

Some notable features of life insurance when using it to pay off debts include:

• Fixed Sum Assured: The death benefit is guaranteed to cover your liabilities.

• Rider Benefits: Add-ons like accidental death or critical illness riders enhance protection.

• Tax-Free Payout: Death benefits under Section 10(10D) are tax-exempt in India.

• Loan Facility: In whole life insurance or endowment plans, you can take a loan against the policy to pay off urgent debts.

---

4. Life Insurance for Different Life Stages & Debts

Young Adults (25–35 years)

• The best time to buy a life insurance policy for a 25-year-old is due to low premiums

• Ideal to cover student loans, car loans, or initial home loan EMIs

Mid-Life (35–50 years)

• Focus on covering higher liabilities like children’s education and larger home loans

• Choose comprehensive life insurance plans with riders

Senior Citizens (60+)

• Consider life insurance for senior citizens to leave a debt-free estate

• Whole life or guaranteed plans are preferred

---

5. Importance of Life Insurance for Debt Planning

The importance of life insurance in debt planning cannot be overstated:

• Protects Your Family from Financial Stress

• Avoids Asset Liquidation like selling gold, property, or investments

• Maintains the Credit Health of the family after your demise

• Gives Peace of Mind knowing your liabilities won’t harm your loved ones

---

6. Tips to Choose the Best Life Insurance Policy to Cover Debts

• Calculate Total Debts: Add up home, car, education, and personal loans.

• Pick the Right Term: Choose a policy term that matches your longest liability.

• Ensure Adequate Cover: A coverage of 10–15 times your annual income is recommended.

• Compare Plans: Look for the best life insurance policy with flexibility, riders, and affordable premiums.

---

Conclusion: Secure Your Liabilities with the Right Life Insurance Policy

A well-structured life insurance plan is more than just a death benefit—it’s a debt protection tool, a peace-of-mind generator, and a future planner for your family. Whether you are a young professional or a retiree, selecting the right policy can ensure your family lives debt-free even in your absence.

Start today by comparing the best life insurance policies in India and make financial protection your top priority.

First-Party Coverage in Cyber Insurance | Cyber Insurance in India

With the rising threat of cyberattacks, ransomware, phishing, and data breaches, cyber insurance in India has become essential. Whether you're a startup, SME, or large corporation, having the right cyber insurance policy can safeguard your financial and digital assets. One of the most crucial components of this policy is First-Party Coverage.

In this article, we’ll explore:

• What is cyber insurance?

• What is First-Party Coverage?

• Why First-Party Coverage matters for Indian companies

• Key inclusions under First-Party Cyber Insurance

• How does it differ from Third-Party Liability?

• Benefits for businesses & corporations

First-Party Coverage in Cyber Insurance

---

 What is Cyber Insurance?

Cyber insurance, also known as cyber liability insurance, is a type of business insurance designed to protect organizations from internet-based risks and data threats. These include:

• Data breaches

• Network damage

• Ransomware attacks

• Business email compromise (BEC)

• Malware and phishing scams

As cyber threats evolve, cyber and crime insurance has become a critical part of commercial insurance portfolios for Indian companies.

---

 What is First-Party Coverage in Cyber Insurance?

First-party coverage refers to the protection a business receives for its own losses due to cyber incidents. In simple terms, this part of the cyber insurance policy pays for direct financial damages that your organization suffers.

It’s the "you" side of the insurance — your data, your network, your money.

---

 What Does First-Party Cyber Insurance Cover?

Here are some key risks typically covered under First-Party Cyber Insurance:

1. Data Breach Costs

• Notifying affected individuals

• Offering credit monitoring

• Legal consultations and investigations

2. Business Interruption Losses

• Revenue lost due to downtime.

• Additional expenses to restore operations

3. Cyber Extortion & Ransomware

• Payments to cybercriminals (ransom)

• Negotiation and recovery costs

4. Digital Asset Restoration

• Repair or replacement of corrupted or stolen files, software, or databases

5. Incident Response Services

• IT forensics

• PR crisis management

• Legal advisory

6. Fraudulent Transfers

• Losses due to unauthorized electronic fund transfers

---

 Why Indian Businesses Need First-Party Coverage

Cybercrime in India is growing fast. From fintech startups to large conglomerates, no one is immune.

Here’s why cyber insurance in India with First-Party Coverage is crucial:

• India reported a 70% rise in ransomware attacks in 2024 alone.

• Small and mid-size companies are increasingly targeted due to weaker cyber hygiene.

• The average cost of a data breach in India has crossed ₹18 crores.

Investing in security insurance not only protects finances but also ensures business continuity.

---

 Who Should Buy First-Party Cyber Coverage?

• Corporations with sensitive customer or financial data

• E-commerce & digital businesses

• Healthcare & Fintech startups

• Educational institutions with digital infrastructure

• Any company with an online presence or customer data

Whether you're looking for insurance for corporations or general company insurance, adding cyber coverage is no longer optional—it's essential.

---

 Tips to Choose the Right Cyber Insurance Policy

1. Check if both first-party & third-party coverages are included.

2. Evaluate coverage limits for business interruption & ransomware.

3. Ensure incident response services are part of the package.

4. Review the claim process, exclusions & waiting periods.

5. Prefer insurers offering localized support in India.

---

 Cyber Insurance is Your Business Firewall

First-Party Coverage in a cyber insurance policy is like having an emergency fund, IT team, legal team, and PR manager — all rolled into one. Cybersecurity insurance is your best shield in a world where a single click can bring down systems.

If you're seeking comprehensive commercial insurance or planning to strengthen your company insurance portfolio, make sure cyber and crime insurance is on top of your list.

---

 Final Thoughts

Understanding cyber insurance and the role of first-party coverage is key to staying protected in a digital-first world. As more Indian businesses shift online, cyber insurance in India is fast becoming a critical asset, not a luxury.

Don’t wait for a breach to take action. Protect your business today with robust cyber liability insurance that covers both external threats and internal recovery.

Benefits of Group Health Insurance for Employers | Top 10 Reasons to Invest

 In today’s competitive job market, offering a Group Health Insurance Policy has become more than just an HR perk — it’s a strategic business move. Whether you're running a startup or a large enterprise, providing Group Health Insurance for employees enhances job satisfaction, reduces attrition, and improves workplace productivity.

Let’s dive into the key benefits of Group Health Insurance for employers, explore various Group Mediclaim Insurance Policies, and understand how they contribute to both employee well-being and business growth.

Benefits of Group Health Insurance

---

 What is Group Health Insurance?

Group Health Insurance, also known as Group Mediclaim Insurance, is a type of commercial insurance plan that offers health coverage to a group of individuals—usually employees of a company—under a single master policy.

 Key Features:

• Covers hospitalization, surgeries, and daycare procedures

• Can include family members (spouse, children, parents)

• Offers cashless treatment at network hospitals

• Customizable as per company size and needs

---

 Why Group Health Insurance is Important for Employers?

The increasing cost of healthcare in India has made health insurance benefits for employees an essential part of the compensation package. From startups to multinational corporations, offering a Group Health Insurance Plan is now a standard practice.

---

 Top 10 Benefits of Group Health Insurance for Employers

1. Attracts and Retains Talent

Employees today evaluate job offers not just on salary but also on employee benefits. Offering Group Health Insurance for employees makes your company more attractive to top talent and reduces recruitment costs over time.

2. Boosts Employee Morale and Productivity

A healthy employee is a productive employee. When staff members know that their medical needs are covered, they feel more secure, valued, and motivated.

Group Medical Coverage provides peace of mind, allowing employees to focus on their work without worrying about unforeseen medical expenses.

3. Offers Tax Benefits to Employers

Under Section 37(1) of the Income Tax Act, employers can claim premiums paid for Group Mediclaim Insurance Policy for employees as a business expense. This helps in reducing overall tax liabilities for the company.

4. Ensures Early Access to Treatment

With cashless hospitalization and a wide network of hospitals, employees can access medical care without delays. Early diagnosis and treatment reduce absenteeism and improve overall team efficiency.

5. Covers Pre-Existing Diseases and Maternity

Unlike individual health insurance, many Group Health Insurance Policies cover pre-existing conditions and maternity from day one — a huge advantage for employees with specific health concerns.

6. 100% Paperless Claim Process

Modern Group Health Insurance Plans offer paperless onboarding, digital ID cards, and online claim submissions — making the process smooth for both HR teams and employees.

7. Customizable Coverage Based on Company Needs

Whether you have 10 or 10,000 employees, Group Health Insurance Plans are highly customizable. You can choose:

• Coverage amount

• Add-ons like critical illness, OPD, or dental

• Family coverage (floater plans)

This makes it a flexible part of your broader business insurance or commercial insurance strategy.

8. Reduces Financial Stress Among Employees

Healthcare emergencies can drain savings. By providing Group Medical Coverage, you reduce the financial burden on employees, improving their financial and emotional well-being.

9. Supports a Positive Employer Brand

Companies offering comprehensive Group Health Insurance Policies are perceived as more responsible, ethical, and employee-centric. This strengthens your employer branding and public reputation.

10. Easy Policy Management for HR Teams

Most insurers offer a dedicated dashboard for employers to manage their Group Mediclaim Insurance, add/remove employees, and monitor claims — all in real-time.

---

 What Does a Typical Group Mediclaim Insurance Cover?

Feature	Details
Hospitalization Expenses	Room rent, ICU, surgery, treatment costs
Pre & Post Hospitalization	Expenses incurred 30 days before & 60 days after hospitalization
Daycare Procedures	Cataract, dialysis, chemotherapy, etc.
AYUSH Treatments	Ayurveda, Unani, Siddha, and Homeopathy covered in most plans
Maternity and Newborn Coverage	Optional add-on; often included in senior roles
Critical Illness Rider	Covers life-threatening diseases like cancer and heart attack

---

 Group Health Insurance vs. Individual Health Insurance

Feature	Group Health Insurance	Individual Health Insurance
Coverage	Offered by the employer for employees	Purchased individually by the policyholder
Premium	Paid by employer	Paid by individual
Waiting Period	Usually zero or minimal	1-4 years for some illnesses
Tax Benefit	Employer gets tax deduction	Individual gets deduction under Sec 80D
Policy Continuity	Ends with employment	Continues as long as premiums are paid

---

 Is Group Health Insurance Mandatory in India?

As per IRDAI guidelines post-COVID, it is now mandatory for employers (especially in organized sectors) to provide a Group Mediclaim Insurance Policy for employees if the office is functioning physically.

 Tips to Choose the Right Group Health Insurance Policy

• Compare Group Health Insurance Plans from reputed insurers

• Ensure cashless hospital network is strong in your city

• Check if maternity, AYUSH, and pre-existing diseases are covered

• Ask about premium flexibility as the team size grows

• Choose an insurer with digital support and fast claims

 Conclusion

Investing in a Group Health Insurance Policy is not just about fulfilling compliance or adding a perk — it’s a smart business strategy. It shows your employees that you care about their health and well-being, while also enjoying tax benefits and a boost in company productivity.

From financial savings to brand value, Group Mediclaim Insurance for employees brings tangible and intangible returns that far outweigh the cost.

💼 Ready to invest in your employees' health? Start comparing Group Health Insurance Plans today and safeguard your workforce for a healthier, happier tomorrow.

Professional Liability Insurance for Engineers, Architects & Contractors in India

 In a world where precision matters and even the smallest errors can lead to costly consequences, professional liability insurance is no longer optional—it's essential. Engineers, architects, and contractors play a critical role in shaping infrastructure and ensuring public safety. Yet, their profession is vulnerable to legal claims, financial losses, and professional negligence lawsuits.

This is where professional indemnity insurance steps in, acting as a financial shield against unexpected liabilities.

Professional Liability Insurance for Engineers

---

What is Professional Liability Insurance?

Professional liability insurance, also known as professional indemnity insurance, covers professionals against claims of negligence, errors, omissions, or breach of duty that arise during the course of their work. It helps cover legal fees, settlements, and compensation costs in case a client sues due to dissatisfaction or financial loss caused by your services.

---

Who Needs Professional Indemnity Insurance in India?

Professionals across various industries require this coverage, but it is especially critical for:

• Engineers: A design flaw in a building or mechanical system can lead to safety hazards or financial losses.

• Architects: A miscalculated plan or structural error could lead to construction delays, redesign costs, or even lawsuits.

• Contractors: Miscommunication or faulty execution may result in project losses or property damage.

In India, professional liability insurance is becoming increasingly common as more clients and companies demand proof of indemnity before signing contracts.

---

Key Features of a Professional Indemnity Insurance Policy

Here’s what a typical professional indemnity insurance policy in India includes:

• Legal Cost Coverage – Pays for defense costs in civil courts.
• Claims of Negligence – Covers professional errors or omissions.
• Libel & Slander – Protection against defamation-related lawsuits.
• Breach of Confidentiality – Covers disclosure of confidential client data.
• Retroactive Cover – Claims from previous projects (before the policy started) can also be included.

📌 Note: Always check the policy’s exclusions, claim limits, and retroactive dates before purchase.

---

Why Engineers, Architects, and Contractors Must Have It

1. High-Risk Projects
   Infrastructure, building designs, and execution involve complex technical calculations. A single misstep can lead to structural failures, cost overruns, or reputational loss.

2. Client Expectations & Legal Compliance
   Today, many corporate clients, governments, and developers in India require proof of professional indemnity insurance before project allocation.

3. Protection from Financial Ruin
   Legal battles and damage payouts can cripple a professional’s finances. With a proper professional indemnity insurance policy, you secure your career, reputation, and financial health.

---

Benefits of Professional Indemnity Insurance in India

• 🛡 Covers Civil Liability

• 🏗 Ideal for construction professionals

• 💼 Professional credibility

• 📄 Meets contractual requirements

• ⚖ Peace of mind in legal conflicts

---

Cost of Professional Indemnity Insurance in India

Premiums vary based on:

• Type and scale of profession

• Annual turnover

• Claim history

• Location and jurisdiction

• Project size and risk factor

🧮 On average, premiums start around INR 5,000 – INR 50,000 per year depending on coverage.

---

Common Claims Covered Under Professional Indemnity Insurance

• Faulty architectural designs causing construction rework

• Engineering miscalculations leading to machine failure

• Missed project deadlines due to professional error

• Client financial loss due to oversight in planning

---

Conclusion

Professional indemnity insurance isn’t just a legal formality—it's a necessity in today’s complex professional landscape. Whether you're designing a multi-storey building, supervising a highway project, or managing turnkey construction, one error can jeopardize everything.

With a robust professional indemnity insurance policy, you can focus on your work with confidence, knowing that you’re protected from legal and financial risks.

Top Factors That Determine D&O Insurance Premiums in 2025

 In today's fast-paced corporate landscape, Directors and Officers (D&O) insurance has become essential for protecting top-level executives from legal liabilities. Whether you run a startup or manage a large enterprise, understanding the cost structure of a D&O insurance policy is critical.

This article examines the key factors that affect the premiums of Directors and Officers (D&O) Insurance, enabling businesses to make informed decisions about corporate risk management.

Factors That Determine D&O Insurance

---

What is Directors and Officers (D&O) Insurance?

D&O insurance, also known as Officers and Directors Insurance or Directors & Officers Liability Insurance, protects a company’s leadership—its directors and officers—from personal losses in case they are sued for alleged wrongful acts while managing the company. It covers legal fees, settlements, and other financial liabilities.

---

1. Company Size and Revenue

One of the primary factors that impact the cost of a D&O policy is the size and revenue of the company. Larger companies with higher revenues typically face more scrutiny from regulators, investors, and stakeholders, making them more prone to lawsuits.

2. Nature of the Industry

Certain industries, like finance, healthcare, and technology, are considered high-risk due to strict regulations and fast-changing markets. Companies in these sectors often pay more for Directors & Officers insurance than those in low-risk industries like manufacturing or retail.

3. Claims History

Insurance providers assess the company’s claims history when calculating D&O premiums. If a business has faced frequent lawsuits or regulatory actions against its directors and officers in the past, it is considered a higher risk and will likely have to pay more for its D&O insurance policy.

4. Board Composition and Experience

Insurers also look at the makeup of the company’s board of directors. A well-experienced, diversified board with a proven track record of ethical leadership may enjoy lower premiums. Conversely, a board with inexperienced members or reputational issues may result in higher costs for directors & officers liability insurance.

5. Financial Stability of the Company

Financially stable companies are less likely to face bankruptcy or insolvency, reducing the likelihood of litigation against directors. As a result, companies with strong balance sheets may receive better terms on their officers' and directors' insurance.

6. Coverage Limits and Deductibles

The scope of the D&O insurance policy you choose significantly affects its premium. Higher coverage limits and lower deductibles usually mean higher premiums. Companies must balance between comprehensive coverage and cost-effectiveness.

7. Company’s Risk Management Practices

Companies with strong corporate governance and internal compliance procedures often enjoy lower premiums. Insurers reward businesses that demonstrate proactive steps in managing operational, legal, and reputational risks.

8. Public vs. Private Company

Public companies are generally more exposed to shareholder lawsuits, regulatory actions, and media scrutiny. Hence, D&O insurance premiums for public companies are typically higher compared to private businesses.

9. Geographic Exposure

Companies operating in multiple countries may face cross-border legal complexities, requiring broader and more expensive D&O coverage. Local regulations, litigation culture, and political stability all contribute to premium calculation.

10. Policy Terms and Conditions

Lastly, the specific terms and clauses in a directors and officers liability insurance contract—such as exclusions, retroactive dates, or extensions—will influence the premium. A broader definition of “insured persons” and fewer exclusions typically raise the cost.

Final Thoughts

Choosing the right D&O insurance policy is not just about premium cost—it's about ensuring your directors and officers are protected from costly legal challenges. By understanding the key pricing factors and working with an experienced insurer, you can tailor the best directors & officers insurance solution for your organization.

Whether you are a private startup or a public corporation, investing in directors and officers liability insurance ensures your leadership can operate confidently, backed by robust legal protection.

---

FAQs

Q1. Is D&O insurance necessary for small businesses?

Yes, even small businesses can face lawsuits. Officers and Directors Insurance provides crucial protection against legal claims and liabilities.

Q2. Does D&O insurance cover criminal acts?

No, D&O insurance policies generally do not cover fraudulent, criminal, or intentionally illegal acts.

Q3. Can directors be personally sued?

Yes, directors and officers can be held personally liable. That’s why Directors & Officers Liability Insurance is critical.

Property Insurance for Homeowners: Protecting Your Most Valuable Asset

 Owning a home is a lifelong dream for many, and protecting it should be a top priority. Whether you've recently purchased a house or are planning to take a home loan, having a comprehensive property insurance policy is essential. In this blog, we’ll explore everything you need to know about home insurance, from what it covers to how to choose the best home insurance in India.

Property Insurance for Homeowners

---

What is Property Insurance?

Property insurance is a type of insurance policy that provides financial protection against damage or loss to physical property, including homes, buildings, flats, or commercial spaces. For homeowners, it primarily includes coverage against risks such as fire, theft, natural disasters, and other unforeseen damages.

---

Why Homeowners Need Property Insurance

A house is more than just bricks and cement—it's a valuable investment and a safe haven for your family. Unexpected events like fire, burglary, earthquakes, or floods can cause serious damage. That’s where house insurance policies come in, offering:

• Coverage for structural damage

• Protection of home contents

• Liability coverage for third-party injury

• Alternative accommodation expenses

• Peace of mind during natural calamities

For those with a home loan, property insurance for home loan is often mandatory. It ensures that even if something unfortunate happens, your financial liability is covered.

---

What Does a Property Insurance Policy Cover?

Here’s a breakdown of property insurance coverage for homeowners:

Coverage	Description
Structural Damage	Covers the cost to repair or rebuild your home due to fire, flood, etc.
Home Contents	Covers furniture, electronics, jewelry, and other valuables inside the home.
Natural Calamities	Earthquakes, cyclones, floods, landslides, and storms.
Man-made Hazards	Theft, riots, vandalism, terrorist activity, etc.
Alternate Living Expenses	Cost of temporary accommodation if your house becomes uninhabitable.
Personal Liability	Covers legal liability for injury to third parties on your property.

---

Types of Property Insurance Plans for Homeowners

1. Home Insurance

Covers both the building and contents of your home against damages and loss.

2. House Insurance Policy

Typically includes fire and allied perils, burglary cover, and personal accident protection.

3. Flat Insurance

Tailored for apartment owners, this insurance ensures protection against common threats in apartment complexes.

4. Building Insurance Policy

If you're a landlord, this policy protects the building structure including walls, roofs, and garages.

5. Commercial Property Insurance

Ideal for homeowners who lease a portion of their home or own a home-based business. This covers damage to business inventory or office equipment.

---

Home Loan Insurance: Protecting Your EMIs

Home loan insurance is different from standard home insurance. It is a plan that covers your home loan liability in case of death, disability, or critical illness. Lenders often suggest this to protect their financial interests.

Many lenders now bundle property insurance for home loan as part of the loan package. It’s advisable to compare options using a home loan insurance calculator to know the premium and coverage value.

---

How to Choose the Best Home Insurance in India?

When looking for the best home insurance in India, consider the following factors:

1. Coverage Offered – Ensure it includes both structure and contents.

2. Premium vs. Sum Assured – A higher sum insured at a reasonable premium is ideal.

3. Inclusions and Exclusions – Read the fine print to avoid surprises during claims.

4. Claim Process – Look for insurers with quick and hassle-free claims settlement.

5. Add-on Covers – Add protection for valuables, natural disasters, or tenant’s liability.

Some of the top insurers providing house insurance in India include HDFC ERGO, Tata AIG, ICICI Lombard, Bajaj Allianz, and SBI General Insurance.

---

Benefits of Buying Property Insurance

• Financial Protection: Save yourself from the financial burden of unexpected repairs.

• Loan Compliance: Fulfill your home loan insurance requirement as per bank regulations.

• Asset Safety: Protect the resale value of your property.

• Stress-Free Living: Peace of mind knowing your home is safeguarded.

---

How to Buy a Property Insurance Policy Online

Thanks to digitalization, buying property insurance is easy and convenient:

1. Visit the insurance provider’s website.

2. Choose the type of home or building insurance.

3. Enter property details like carpet area, location, and contents.

4. Use tools like home loan insurance calculator to estimate premium.

5. Customize with add-ons if needed.

6. Make the payment and receive the policy instantly.

---

Tax Benefits on Home Insurance

Currently, home insurance premiums are not eligible for tax deductions under Section 80C or 80D of the Income Tax Act. However, they still act as a long-term saving by preventing high repair or reconstruction costs.

---

Common Myths About Home Insurance

Myth	Reality
Home insurance is only for homeowners with loans	Even without a loan, insurance secures your property.
Claims are rarely settled	Top insurers have over 90% claim settlement ratios.
It’s too expensive	Plans start as low as ₹2 per day, depending on property value.
Contents are not covered	Most policies include protection for valuable contents.

---

Final Thoughts

Investing in a comprehensive property insurance policy is not an expense—it's a smart financial safeguard. Whether you live in a house, a flat, or a rented property, having home insurance ensures that your investment is well protected.

If you're planning to buy a home or already servicing a loan, check if your lender includes property insurance for home loan or gives you the option to choose your insurer. Use a home loan insurance calculator to compare premium costs, and always opt for trusted names offering the best home insurance in India.

---

Frequently Asked Questions (FAQs)

Q. What is the difference between home insurance and home loan insurance?
A. Home insurance covers your property against damage/loss, while home loan insurance protects your loan repayment liability.

Q. Can I get insurance for rented flats?
A. Yes, tenants can buy flat insurance for contents, while landlords cover the building.

Q. Does property insurance cover earthquakes?
A. Yes, if included in your policy or added as a rider.

Q. What is the average cost of property insurance in India?
A. It varies depending on sum assured and location, but basic policies start around ₹1,000 per year.