PM [37]
Rank :
Status : Head Admin
#1
Hi Guys,
People say, insurance is very important to have. But is this really necessary? Some people think it is a waste of money and some think if they take the insurance and something unusual happens to them, then will they get the insured money or not?
In all these mind busters queries, people like me used to stay away from taking insurance policies. But, the question is still the same. Is insurance important or just peer pressure?
I work in a company which is an insurance provider and they know the importance of insurance in a better way than us.
Policybazaar is considered as a best insurance aggregator and broker among insurance provider companies. They sell other companies policies as well as they have their own customised plan for the customers. But anyone can easily find the negative reviews over the web for this company. It might be true also but not everyone is perfect. Though, claiming process is long, people lost their hopes in midway and show their disrespect over social media.
According to me, it's good to buy insurance from policybazaar as they have competitive rates. I personally bought my two wheeler insurance from policybazaar before I was an employee here. I was surprised to see that policybazaar had less price than the provider websites. Fortunately, I never got a chance to claim my insurance. But I trust this company as now I know they have a good and trusted staff.
This was all product description how insurance is handling by Policybazaar.
Now I would like to review this company as an employee. So working with a lot of flexibility is amazing. This is not a typical 9 hours job. You just have to come, enjoy with your colleagues, take part in activites organised by HR. So, overall comfortability is here with talented management to support you.
-----------------1 ❤:
Mr.Love,
[PM 1]
Rank : Helper
Status : Super Owner
#2
I heard about policybazaar from my childhood days. I am very happy to know that you are working there.
Having a vehicle insurance is mandatory for sure in terms of legal and as well as for financial benefits.
Suppose if our vehicle hit another accidentally and he got injured, then if there is no insurance, then it will become a huge liability for the vehicle owner.
My brother, who is a lawyer told me that people with no insurance getting fines of lakhs due to vehicle accidents.
Hi bro, I have a question, I heard that there are some types of insurance like third party insurance, what they do?
[PM 37]
Rank :
Status : Head Admin
#3
There are 3 types of vehicle insurance -
1. zero debt
2. Comprehensive
3. Third party
zero debt means if your vehicle get stolen then you will get complete refund equivalent to IDV of the vehicle. If you met with an accident then, the complete part cost will be covered in this insurance type.
IDV - Insured Declared Value - The amount of your vehicle. It is usually full for the first year.
In comprehensive, some part of the IDV is given by insurance company and some part have to bear by user.
In third party, the traffic police will not able to cut challan but you will not get the insured money if vehicle got stolen or met with accident. Suppose, in any accident you hit someone else then the insurance company will pay the money to that person for their loss.
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Mr.Love,
[PM 26]
Rank : Shri Krishna
Status : Head Admin
#4
Very good broo
[PM 5970]
Rank : Newbie
Status : Member
#5
Good insurer