This policy covers against some of the major illnesses, death and permanent disabilities. Most of the policies also cover medical bills if you are hospitalized or seriously ill thus reducing the financial burden on your family. The major illnesses covered include cancer, heart attack, coma and others. This policy also covers serious disability and conditions where you are unable to work. These policies also provide income after retirement.

Health & Disability Insurance

These policies cover any debilitating illness burdening you with you expensive medical bills and loss of income. Usually this insurance is divided into two kinds of insurance, the hospital and surgical policies and hospital benefits. The former covers all the expenses incurred for hospital expenses like operations, scanning, x-rays and others while the latter offers a preset amount per each day of hospitalization (limited to a certain number of days).

Travel Insurance

Travel insurance comprehensively covers you for death, permanent disability, medical expenses, personal liability, loss/theft/damage to baggage, and travel delay incurred during the course of your business or leisure travel. Policyholders can also take this protection for family members. The premiums for this policy depend on your line of work.

Vehicle/Motor Insurance

This insurance comprehensively covers you for vehicle loss or damage caused by accident, fire or theft and windscreen damage. Additionally, personal accident cover also includes medical expenses cover for you and other passengers in case there is an accident. Third party cover will include death or injury to any third parties and damage to third party's vehicle or property.

Home Insurance

This insurance protects your home against fire, theft and any other hazards. It basically covers theft, expenses for removal of debris, dangerous damage like sabotage, and hazards like fire, lightning, explosions and bursting of domestic water tanks. Additionally, accidental deaths caused by thieves or fire is also covered.

Some points to be considered while buying insurance

• First of all you have to consider whether you want it as a form of investment or purely for the purpose of insurance. If you are expecting a lump sum of money to accumulate in the long run then you may have to assess the coverage you would be requiring.
• If you travel often for overseas assignments, you should consider taking a travel policy to insure against travel mishaps.
• There are many companies offering insurance policies at attractive prices. Just don't get attracted by their attractive policies. Shop around and find the policies best suitable for you and assess the ones that offer attractive packages. It is always better to buy insurance packages from reputed companies.
• Assess your affordability before buying an insurance policy.