Anzen Financial

15/02/2021

The sale of used cars is growing at a faster pace than the sale of new cars, with more people preferring personal vehicles over shared mobility due to the ongoing pandemic.

We also live in a country where having a third party motor insurance is mandated by law. Whenever a new car is bought, it’s price includes the road tax and the insurance cost which is added to the ex-showroom price of the vehicle. But it's not the same for second hand cars, it may or may not come with active insurance policy. So how and when can you get your 2nd hand purchase insured?

Read more to know: https://www.deccanherald.com/business/family-finance/first-hand-insurance-for-your-second-hand-car-951305.html

The sale of used cars is growing at a faster pace than the sale of new cars, with more people preferring personal vehicles over shared mobility due to the ongoing pandemic.

09/02/2021

In a country as underinsured as ours, the recent announcement of increasing FDI from 49% to 74% in the insurance sector is an excellent news for both investors and consumers.

It will encourage more foreign investors to enter the market which will help the consumers get more product options with lesser prices which is the need of the hour considering most people can't afford to pay regular high premiums that current insurance companies charge and the lack of options in products.

Finance Minister Nirmala Sitharaman in her Budget Speech 2021 proposed to amend the Insurance Act, 1938, to increase the permissible FDI limit from 49 per cent to 74 per cent in insurance companies and allow foreign ownership and control with safeguards.



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The proposed increase in FDI would also likely result in increased value for customers by way of more product options at reduced costs, he said.

08/02/2021

With the continuous rise in Covid-19 cases in India, more and more people are buying health insurance policies. Once you choose to buy, the most important question comes - Which insurance policy to buy?

Mint and SecureNow Insurance Broker Insurance Broker came up with the Mediclaim ratings which rates these policies across different factors, features and age band.

Unsurprisingly, ICICI Lombard's Complete Health Insurance Plan is at the top by quite a margin in all age bands.

Do have a look at all features and what's best for you and your needs and make an informed decision. And when you're ready to buy one. CONTACT US or leave your contact in the comments.

Share it with your loved ones so that they can also make an informed choice.

21/01/2021

IRDAI submitted its report and addendum, on 18 January to link traffic violations to Motor Insurance premium.

Highlights of the draft:-

▪️Motor insurance policy to have a section called “Traffic Violation Premium” (TVP) in addition to Own damage, Third Party and Personal Accident.

▪️Mandatory TVP Section in all forms of policy, whether comprehensive or act only.

▪️Premium computation would be point-basis which will factor in both frequency and severity of violations.

▪️Premium could range from Rs. 100 to Rs. 700 for 2W and Rs. 300 to Rs. 1500 for other vehicles.

▪️For a new owner, whether for new or old vehicle, TVP shall start with 0.

▪️Any violation would be valid for only two years for the purpose of calculating TVP

▪️If a vehicle owner is issued a challan for various offences in one instance, the offence with highest severity will count for calculating violation points.



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The committee has recommend inserting a fifth section to motor insurance called, traffic violation premium, in addition to motor own-damage (OD) insurance, basic third-party (TP) insurance, additional third-party insurance and compulsory personal accident premium

20/01/2021

In Today's world, where the economy is unstable and the future isn't sure, Term Insurance is more or less a necessity. The later you buy Term Insurance, the more premium you will have to pay. India's first insurance price index tells us that 10 year delay in buying Term Insurance can increase the premium upto 70%. Buy your Term Insurance NOW!!! Contact us for more info.

PolicyX.com claimed that the insurance price index uses concepts of indexing and basic statistics.

18/01/2021

"In the coming budget, the health insurance industry is one of the most prominent sectors that needs immediate consideration, especially during the given pandemic situation where a majority are deprived of quality healthcare."

How the 2021 Budget will affect Health Insurance?

The industry expects the government to focus on bringing a large number of people under the ambit of health insurance

22/12/2020

With more and more vaccines dropping all over the world, India isn't left behind. Pfizer, Bharat Biotech and Serum Institute of India have applied for market authorisation for their vaccines. Everybody would want a vaccine, but will your health insurance cover it? It'll depend on whether you receive the vaccine while you're hospitalised after getting diagnosed for Covid-19 or if you receive it in OPD. If received through OPD, then if your health policy covers OPD, then only the vaccine will be covered.

https://www.livemint.com/insurance/news/covid-19-vaccine-to-be-available-in-india-soon-will-it-be-covered-under-your-health-insurance-policy-11608361765627.html

Only specific health insurance policies will bear the expenses of the coronavirus vaccine

14/11/2020

HAPPPY DIWALII!!!!!!✨✨💥💥

Anzen Financial wishes everyone a very happy and prosperous Diwali. Have a safe one.

05/11/2020

Health Insurance Prices are going up.. Get Insured today!!!
Contact us NOW!!!

05/11/2020

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04/11/2020

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Happy Karwa Chauth!!!😀😀😀