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✅ Have comprehensive motor insurance plan, before you even sit in the vehicle. It ensures that even in the worst case, expenses related to vehicle repair, bodily injuries, and damage to third-party property or person are covered. And for more such insightful posts, follow @smc_insurance :)

❌ Other things that contribute to these tragedies is the lack of better infrastructure. Many highways lack proper lighting, railings to keep stray animals away from the road, better speed-breakers and bumper strips and more.

❌ When looked at closely, over-speeding turned out to be a major cause of crashes. 72.3% of crashes take place due to over-speeding. ❌ This also explains why 67% of accidents happen on straight roads. Generally, turns slow down a vehicle’s speed, allowing a driver more reaction time and better control of the vehicle.

These are some important updates @SanjayY38289627 . Adding another update to the list - recently, IRDAI has also taken major steps to control premium hikes for senior citizens. Here’s what they changed: 👉 Annual premium increases for senior citizens cannot exceed 10%. 👉 To raise premiums beyond this limit, insurers must first get approval from IRDAI. 👉 Insurers are required to obtain IRDAI's approval before discontinuing any health insurance product designed for senior citizens.

This is one of the most asked questions about health insurance. Since health insurance only covers expenses related to hospitalisation, mental health treatments - if do not require a hospitalisation - aren't generally covered under it. All those treatments that require a hospitalisation may get covered. However, this can also vary with the insurer, so before you buy the policy, make sure you read inclusion and exclusion list to understand exactly what treatments your health insurance plan covers. Let's hope soon health insurance starts covering therapy and other mental health treatments too that don't necessarily require hospitalisation, but are needed for one's wellbeing.

It's really concerning to know that half of India's vehicles are uninsured. Motor insurance isn't JUST about the driver's and vehicles financial security, but it also ensures financial support for the victim in case of an accident. On one hand, a comprehensive motor insurance makes sure the owner and the insured vehicle are have a financial back up for the expenses incurred due to unforeseen events. On the other, third-party motor insurance ensures that if another person/vehicle/property sustain any damage/injury/death due to the accident, the victim or their family receive a financial compensation for their loss. It's not just illegal to drive without a third-party motor insurance, and you will have to undergo a legal punishment for it - but it is also important to make sure that in case a vehicle hits another person/vehicle, they are financial secure against the loss. Now before you step out on the road with your vehicle, make sure you have a valid third-party motor insurance.

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