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Cashless Claim We have designed the claim procedure at Bharti AXA in the simplest possible way. This is to ensure you spend most of your time in a hospital to get treatment and be with your loved ones. Our dedicated claims handler, a unique personalized offering, helps make the health claims settlement process smooth and easy. For your hospitalization needs, you can avail cashless facility at our 4300+ network hospitals. In the case of treatment at other hospitals, our skilled staff does all it needs to make sure that you get your compensation as quickly as possible. To serve you better we have tied up with the three main TPAs - Family Health Plan Ltd, Paramount, and E-Meditek. For ease of claim, we have tied up with the two main Health claims handlers- Paramount and Emeditek Step 1 : Emergency treatment at our Cashless network •  Find the closest cashless hospital using our hospital locator. •  Proceed to the admission with your health ID card •  Ask the hospital...

What is 'Insurance' Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured. Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party. BREAKING DOWN 'Insurance' There are a multitude of different types of insurance policies available, and virtually any individuals or businesses can find an insurance company willing to insure them, for a price. The most common types of personal insurance policies are auto, health, homeowners and life insurance policies. Most individuals in the United States have at least one of these types of insurance. Businesses require special types of insurance policies that insure again...

The top 10 insurance companies in India have left their indelible mark on the industry with their sheer presence, growth as well as pioneering services, range of products, and overall financial achievements. Many of these companies have also attained top positions in the industry thanks to their efforts at workforce development and contribution to the Indian insurance industry in general.  Leading Insurers in India Following are the leading insurers in India: Life Insurance Corporation of India Tata AIG General Insurance Bajaj Allianz General Insurance New India Assurance ICICI Prudential Life Insurance IFFCO TOKIO General Insurance ICICI Lombard General Insurance Oriental Insurance Birla Sun Life Insurance HDFC Standard Life Insurance Life Insurance Corporation of India Life Insurance Corporation (LIC) is the biggest life insurer in India and totally owned by the union government. It specializes in individual life insurance, pension plans, and group insurance...

Life insurance (or life assurance, especially in the Commonwealth of Nations), is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses (such as funeral expenses) can also be included in the benefits. Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion. Life-based contracts tend to fall into two major categories: Protection policies – designed to p...

In the United Kingdom, National Insurance (NI) is a system of taxes paid by workers and employers, used primarily to fund state benefits. It was initially a contributory system of insurance against illness and unemployment, and later also provided retirement pensions and other benefits.It was first introduced by the National Insurance Act 1911 and expanded by the Labour government in 1948, and has been subject to numerous amendments in subsequent years. The contributions component of the system, "National Insurance Contributions" (NICs), is paid by employees and employers on earnings, and by employers on certain benefits-in-kind provided to employees. The self-employed contribute partly by a fixed weekly or monthly payment, and partly on a percentage of net profits above a certain threshold. Individuals may also make voluntary contributions, in order to fill a gap in their contributions record and thus protect their entitlement to benefits. Contributions from those in emplo...

Any risk that can be quantified can potentially be insured. Specific kinds of risk that may give rise to claims are known as perils. An insurance policy will set out in detail which perils are covered by the policy and which are not. Below are non-exhaustive lists of the many different types of insurance that exist. A single policy that may cover risks in one or more of the categories set out below. For example, vehicle insurance would typically cover both the property risk (theft or damage to the vehicle) and the liability risk (legal claims arising from an accident). A home insurance policy in the United States typically includes coverage for damage to the home and the owner's belongings, certain legal claims against the owner, and even a small amount of coverage for medical expenses of guests who are injured on the owner's property. Business insurance can take a number of different forms, such as the various kinds of professional liability insurance, also called profession...

Underwriting and investing The business model is to collect more in premium and investment income than is paid out in losses, and to also offer a competitive price which consumers will accept. Profit can be reduced to a simple equation: Profit = earned premium + investment income – incurred loss – underwriting expenses. Insurers make money in two ways: Through underwriting, the process by which insurers select the risks to insure and decide how much in premiums to charge for accepting those risks By investing the premiums they collect from insured parties The most complicated aspect of the insurance business is the actuarial science of ratemaking (price-setting) of policies, which uses statistics and probability to approximate the rate of future claims based on a given risk. After producing rates, the insurer will use discretion to reject or accept risks through the underwriting process. At the most basic level, initial ratemaking involves looking at the frequency and severity ...

Insurance involves pooling funds from many insured entities (known as exposures) to pay for the losses that some may incur. The insured entities are therefore protected from risk for a fee, with the fee being dependent upon the frequency and severity of the event occurring. In order to be an insurable risk, the risk insured against must meet certain characteristics. Insurance as a financial intermediary is a commercial enterprise and a major part of the financial services industry, but individual entities can also self-insure through saving money for possible future losses.[15] Insurability Main article: Insurability Risk which can be insured by private companies typically shares seven common characteristics: Large number of similar exposure units: Since insurance operates through pooling resources, the majority of insurance policies are provided for individual members of large classes, allowing insurers to benefit from the law of large numbers in which predicted losses are simil...

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, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and must involve something in which the insured has an insurable interest established by ownership, possession, or preexisting relationship. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated. The amount of money charged ...