Types Of Insurance
1. Life Insurance
Secure your life with Life Insurance. Our team will guide you which kind of insurance you should opt for based upon your requirement.
2. Health Insurance
- Protect your greatest asset good health
- Individual and Group- Ordinary and Floater health Insurance Policy
- Cash free hospitalization in more than 1400 hospitals across India.
- Reimbursement of expenses during Pre- Hospitalisation and Post-Hospitalisation stages of treatment.
- 130 minor surgeries that require less than 24 hours hospitalization covered under the UNIQUE day care procedure.
- Reimbursement of expenses incurred on ambulance services to the nearest hospital where Emergency Health facilities are available
3. Motor Insurance
- Protection from a financial loss arising out of loss or damage to your vehicle.
- Protection from liability towards third parties for personal injury.
- Protection from death and property damage on account of any accident involving your vehicle.
- Cash Less and Hassle free Claim procedure.
4. Personal Accident
An accident can happen at any time. And it could leave you with permanent harm or temporary disability, both of which could affect your life and your family.
Apart from cover for life and injury, insurance offers other unique and unmatched features.
- Weekly benefit
- Medical Reimbursement
- Education Benefit
- Modification of residential accommodation and own vehicle
- Ambulance hiring charges
5. Shop Insurance
As a shop owner, you constantly worry about the hazards your shop and the contents within are exposed to. A sudden crisis at your place – a theft, and employee’s infidelity, a fire accident, breakage of neon & Glow sign, Money in transit, counter or safe. That is why you need a protective cover like the one Shop Package Insurance offers. Taking care of your business is our business. And we do it well.
6. Fire and Special Perils
Fire insurance policy is suitable for the owner of property, one who holds property in trust or in commission; individuals/financial institutions who have financial interest in the property. All immovable and movable property located at a particular premises such as buildings, plant and machinery, furniture, fixtures, fittings and other contents, stocks and stock in process along with goods held in trust or in commission including stocks at suppliers/ customers premises, machinery temporarily removed from the premises for repairs can be insured.
Services Offered by Us
As an investor you have a choice as there are different types of Insurance categorised based on need.
Palankarta will help you in choosing the right Insurance for sufficient coverage.
How to Apply for Coverage?
Fill Enquiry
Form
Associate will call
and discuss in length.
Make
Payment
Complete Documentation
& Requirements
Insurance and its
premium Management
Why Palankarta?
Palankarta gives an end-to-end service for Insurance.
Experienced Financial
Professionals
Deliver Service
on Time
Cost
Effective
Assured Customer
Satisfaction
No Hidden
Fees / Charges.
Frequently Asked Questions
FAQ
General Questions
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium
Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.
In other words, sum assured is the guaranteed amount you will receive. This is also known as the cover or the coverage and is the total amount you are insured for.
Maturity value is the amount the insurance company has to pay you when the policy matures. This would include the sum assured and the bonuses.
7 Types of Insurance
- Life Insurance or Personal Insurance.
- Property Insurance.
- Marine Insurance.
- Fire Insurance.
- Liability Insurance.
- Guarantee Insurance.
- Social Insurance.
Insurance turn accumulated capital into productive investments.
Insurance enables to mitigate loss, financial stability and promotes trade and commerce activities those results into economic growth and development.
Thus, insurance plays a crucial role in sustainable growth of an economy.
Insurance provides economic protection to the insured.
It provides financial protection to the insured against the unexpected losses in consideration of nominal amount called premium.
It provides financial protection to the dependent in case of pre-matured death of insured
Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified “term” of years.
If the insured dies during the time period specified in the policy and the policy is active, or in force, a death benefit will be paid.
Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination.
Fire insurance is property insurance that covers damage and losses caused by fire.
The purchase of fire insurance in addition to homeowners or property insurance helps to cover the cost of replacement, repair, or reconstruction of property, above the limit set by the property insurance policy.
Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries when the insured dies.
The insurance company promises a death benefit in exchange for premiums paid by the policyholder.
A life insurance policy involves a lesser amount of risk as compared to mutual funds. There is a guaranteed death benefit.
Since the best mutual fund investment offers the option of diversification of funds, you can maximize your returns without being dependent on a single fund for growth
So both of them are required. One for unfortunate death and the other for retirement benefits.