Insurance Products That I commonly Use

By Mridula Dwivedi September 30, 2016 10 Comments , ,
insurance

Photo Credit Isak55/Shutterstock

All of us in our day to day life use insurance products some or the other time. For me, the most commonly used insurance product is travel insurance whenever I go abroad. Taking out a travel insurance is so easy, you can go online compare prices and see what works out for you. I have been lucky to not claim under travel insurance but having it gives me a peace of mind. If you travel a lot, then make sure that your travel insurance policy offers comprehensive coverage.

cliff-jumping
Cliff Jumping- That is Me!

Most of the common travel insurance policies would not cover adventure travels. Do read the fine print and only then take out the policy.

The next most commonly used insurance product for me is car insurance. Once again car insurance can also be purchased or renewed online. Also showrooms, from where you bought the car, take care of car insurance renewal. I am lucky that the showroom from where I bought the car from reminds me every time about the renewal. They also send someone to collect the check.

The third most common insurance that I use is the medical insurance. I am covered from my husband’s company. We have used medical insurance twice for his hospitalization, they were minor operations. But the medical bills were large. His medical insurance company offers excellent service, so we never had any issues in claiming the amount. Most of the medical insurance companies offer 90% cover for medical costs, while 10% have to be paid by us.

Buying a general insurance policy is easy, but selection of the best one requires you to look at important factors such as the customer reviews and track record of the company when it comes to honoring a claim. I hope all of us are lucky and we never need to use any kind of insurance, but if we are in need and if it is difficult to claim the insurance, then what is the point of having insurance in the first place?

So what is your insurance story? Do share in the comments.

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10 thoughts on “Insurance Products That I commonly Use”

  1. I think Travel Insurance is absolute fad. They don’t insure you against adventure sports or anything like that. They have a thousand of clause that benefits only insurance company not you. The only thing that you gain from travel insurance that you can show off you have travel insurance.
    However health and general insurance are absolute necessity. With skyrocketing health service pricing, you must have health insurance otherwise you are doomed.

  2. Travel insurances are not very much in vogue in this country. I didn’t have much idea about the same…thanks for information here… 🙂

  3. Insurance certainly should be part of your financial planning. Health cover is a must with rising cost of medical services as you mentioned. Life cover besides safeguarding the interests of your loved ones when you are gone it also saves you taxes.

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Mridula Dwivedi

I started my India travel blog, Travel Tales from India in 2005. In 2016 I realized Travel Tales from India and Abroad better reflected my writings. I love to walk and ride in metros around the world. I have not been everywhere, I am not even close, but it is on my list. I also quit my job as a professor in 2015, it was a happening year! I did a Ph.D. from IIT Kanpur ages ago!

If you wish to collaborate with me, please check out my media kit. You can write to me at mridulablog@gmail.com

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