Today, laptops have become similar to notebooks. You must have observed every student, professional or expert owning a laptop. These portable devices have become an essential part of our daily lives. One cannot even imagine a life without them. For instance, you will be in deep trouble if your laptop is damaged and sent for repair. Furthermore, it takes a lot of time to get repaired. In that case, imagine the kind of trouble you will have to face to recover the data. Sometimes, things get worse and you cannot retrieve your data. If things go beyond your control, then you will have to purchase a new laptop altogether. Laptops are costly, and their extra costs of repair can further add to the distress. Any damage to the laptop can lead to heavy economic losses in its repair. To avoid these kinds of problems, consider getting laptop insurance plans by Bajaj Finserv, an insurance aggregator under its Pocket Insurance Plan & Subscriptions. Other than laptop insurance plans, it also offers the best mobile insurance.

Laptop Insurance Plan

The coverage will largely depend on one of the best laptop insurance plans you have. However, the forms of coverage usually involve the following:

• Repair or replacement of screen: The laptop’s screen is one of the most usually damaged parts on a laptop. It is easily vulnerable to damage as it is thin. If you drop the laptop, then the screen can be damaged or the entire display. The screen is usually sent for a replacement since it is not repaired easily. Moreover, the cost ranges from 10-15 per cent of the selling price of a laptop. The role of laptop insurance comes in to protect you in this situation and cover the screen repair or replacement costs. 
• Liquid Leakage: Considering the laptop’s portability, it can be used anywhere with greater ease, i.e., on your dining table, in a restaurant, or while watching a movie. Since you are carrying it anywhere, hence there are more probabilities of getting damaged. All-inclusive laptop insurance plans will offer you coverage against repair and replacement.
• Mechanical or Other Similar Damage: Most insurance plans mention the brands covered in the insurance plan. Besides, this ensures that you are not purchasing a laptop that suffers mechanical or electrical faults. But, if it faces any such errors, you can get it replaced or repaired and claim with your insurance service provider. 

On the other hand, a charger is one of the most vital accessories to keep the device up and running. To avoid any disruption or damage to the charger, consider taking the proper protection cover for it. Laptop Charger Insurance from Bajaj Finserv under its Pocket Insurance Plan offers coverage against any financial crunch that occurred due to theft, accidental damage, or breakdown of laptop charger.

• Theft or Fraud: Suppose you are a professional and working on a critical project proposal that needs to be submitted to invite a bid. You are one day away from delivering the proposal. But unfortunately, your laptop is stolen. Although you can restart the work and finish it in the next two to three days, can you manage to pay for a new laptop straightaway? If you have one of the best laptop insurance plans that incorporated burglary, you could have purchased a new laptop by utilizing your savings or through an EMI option and filed an insurance claim with the service provider.

A distinctive feature of laptop insurance is the extended warranty insurance. The manufacturer or seller of the laptop will provide you an extra warranty over the market standard using this insurance.

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If you buy a car, you should know that every car owner must cover their vehicle under an appropriate insurance policy. In India, you have two options to become a car owner. One is to buy a brand new car, and second, you can buy a second-hand car. In the case of a second-hand vehicle, buy third-party car insurance. This car insurance policy covers any third-party liabilities arising from property damage or injury to the third party. However, comprehensive insurance provides the user a much broader coverage that protects your car’s damages sustained by accidents, natural disasters or theft, man-made calamities, and many more. One should have the freedom to buy and opt for car insurance renewal as per their suitability. But whatever the case may be, one should ensure that the car insurance consists of third-party Insurance coverage.

How can the model of the car affect the insurance premium?

The value of the car has a direct impact on the premium of the insurance policy. If you buy a higher value or exclusive model, you need to pay a higher cost on the insurance premium. There are reasons behind this disparity. If, in any case, your car gets damaged, the cost of replacing or repairing the various parts of the vehicle would be higher than the cars that are priced much lower. Due to that, the motor insurance would have to pay more money for repairing your vehicle. It is what makes the insurer charge higher premiums for expensive cars and lowers for any affordable vehicles.

For instance, if you own a hatchback car, you need to pay less premium on car insurance renewal and higher in the case of an SUV. Not to mention, third-party insurance offers less coverage than any comprehensive car insurance policy. Therefore apart from the car model, the type of insurance also affects the amount of insurance premium you are paying for your vehicle.

The expensive cars are more likely to get the attention of thieves and criminals. If, in any case, your vehicle is stolen, then the insurance needs to pay a higher amount to replace the car as expensive cars are known to be a liability for every motor insurer.

The model of the car also impacts the different types of car insurance policies that you can choose. Although according to motor law, every vehicle must have a third party insurance cover. However, some insurers may ask the car owner to go for a comprehensive car insurance policy on car insurance renewal. Therefore the car insurance premium also depends on the model and make of the car.

Conclusion

Everyone in India wants to buy an expensive high-end car. But these costly high-end cars suffer from higher car insurance. Not only that, if you’re going to go for a car insurance renewal, you need to pay an extra premium since the value of your car is excessive. Therefore before buying a car, one must undoubtedly compare various insurance plans to find the optimum insurance for your vehicle. Make sure that the insurance that you have chosen is affordable and comes with sufficient IDV.

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In India, every minute a serious road accident occurs and 16 die due to the same in an hour. In a similar context, more than 1,200 road crashes are witnessed in India, and 377 individuals die, in a day. In most cases (25%), two-wheeler motor vehicles are accountable for road crashes. 

These accidents mostly occur in the urban regions where roads are busy and chaotic throughout weekdays. Cities that top the list of most numbers of road crashes are – Delhi, Chennai, Bangalore, Mumbai, Lucknow, Pune, etc. 

2013 recorded one of the worst years in respect to road crashes, where more than 1.37 Lakh individuals died due to road accidents. Such a health insurance policy has become a common financial product for urban dwellers, especially personal accident insurance. 

Personal accident insurance policies facilitate financial coverage on account of accidents and losses suffered by the insured individual. 

However, there are circumstances which are not considered for financial coverage under personal accident insurance policies. 

What are the things that do not come under personal accident insurance?

As per the mandate of Insurance Regulatory and Development Authority of India (IRDAI), there are certain specific circumstances which are discounted under the purview of standard personal accident insurance policies. 

A few of these are mentioned below – 

1. Self-inflicted injury: In case an individual hurts himself or herself voluntarily under any circumstance, any monetary compensation is not facilitated by a personal accident insurance policy toward medical expenses. 
2. Sexually transmitted diseases: Health insurance policies do not apply towards treatment of sexually transmitted diseases (STDs) such as HIV or AIDS. 
3. Involvement in perilous activities: In case an individual decides to engage in dangerous activities which constitute joining the military, navy, air force, scuba diving, hang gliding, sky diving, racing, rock climbing, etc., he/she cannot enjoy the benefits of a personal accident insurance policy. 
4. Substance abuse: If an individual is found to be in a state of intoxication during an accident occurring from abuse of toxic drugs, alcohol, or hallucinogens, he/she is not entitled to receive any financial coverage under a health insurance policy.
5. Acts of subversion: An individual cannot avail monetary coverage for treatments for injuries which occurred in the course of any subversive activity. Subversive activities under the guidelines of IRDAI are – rebel, revolution, terrorism, war or warlike operations, riots, etc. 
6. Criminality: In case an individual suffers an injury on account of any criminal activity or breach of the law, he/she will not be facilitated with financial coverage for treatment expenses under personal accident insurance policies. It is applicable if the individual is held accountable, proven guilty, or party to the aforementioned. 

This list comprises the comprehensive set of exclusions made by the regulatory body under personal accident insurance. While this is the definitive list of exclusions, there are other instances, coverage of which varies from one institution to another. 

Regardless, personal accident insurance proves considerably beneficial in case of road accidents or any other cause of severe injury excluding the aforementioned. For instance, reputed insurance aggregators such as Bajaj Finserv offer an allowance to compensate for an individual’s income due to hospitalisation under their Personal Accident Insurance policy. 

There are several types of health insurance policy, apart from personal accident insurance, which allow you to avail financial coverage under various instances, clubbed according to their nature. 

These are – 

• Individual insurance.
• Family floater insurance. 
• Critical Illness Insurance policy.
• Senior citizen health insurance.
• Maternity health insurance. 

Make sure to choose the best health insurance plans in India by comparing all the available products. 

Some institutions also offer a bonus on your policies if you do not apply for any claim during a particular year. These companies also offer health insurance online for better convenience. 

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