Some Insurance policies you didn’t know existed

 

 

Pet Insurance

If you love pets, then you need to ensure that your pet stays healthy. For example, The Dog Insurance Scheme by New India Assurance and Oriental Insurance cover dogs of indigenous origin, cross-bred and exotic breeds, ranging from the age group of 8 weeks to 8 years. But before signing up for this insurance policy, make sure you have a detailed pedigree record, kennel club record which along with a veterinary certificate ought to be submitted. Remember that dogs are insured only against death due to an accident or diseases.

 

Kidnap  & Ransom  Insurance

You never know who has an eye on your wealth and property. The greed for money does turn people as kidnappers and murderers. Each one is concerned about their personal security.  Rescuing your loved ones from the kidnapper's trap means that you need to pay ransom amount- in lakhs  or sometimes even in crores. In such cases, it would be a smart move to sign in for the Kidnap and Ransom Insurance.  It includes insurance plan like this which cover ransom payment, loss of income, medical care cost. It supposedly pays for hiring the services of crisis management and security consultants to manage the incident and negotiate with the kidnappers. This type of policy is provided by insurance companies like ICICI Lombard and HDFC ERGO.

Wedding Insurance Policy

Wedding is once in a lifetime event. It comes with a baggage of responsibilities and uncertainties as well. In such cases, the Wedding Insurance Policy can gift you some peace of mind. This insurance policy covers costs like Wedding Cancellation, Material Damage to the Property, Personal Accident cover for Insured Person and Public Liability. ICICI Lombard, General Insurance Co Ltd,etc has started offering wedding insurance policies already.

 

Cover for misplaced keys

Are you one of those people who keep forgetting things? Well, then you might be one of those who lose keys quite often. Purchasing home insurance, motor car and bike insurance is quite common these days. But you need to know that there is even an insurance cover for misplaced keys.  It covers the cost of replacing lost and stolen house and vehicle keys. Such insurance covers also pay the cost of hiring car in case it takes more than 24 hours to replace the keys.

 

TM  Assault and Robbery cover

You need to know that the ATM Assault and Robbery cover is a part of your personal identity protection. It covers ATM assault like Money withdrawn from ATM that you may lose due to a robbery, or shortly after the ATM withdrawal.  With this insurance cover, the policy will provide coverage towards the cost of replacing a lost or stolen wallet. The cost of replacing personal papers and payment cards in the lost or stolen wallet is also covered by this insurance cover.

Sports Insurance

Sports Insurance policy offers a cover for sports equipment, accessories, apparels, personal belongings, etc, from loss or damage caused by fire, burglary, housebreak or theft. Bajaj Allianz has introduced one such insurance cover for Sports & Entertainment industry. The policy provides specific coverage for sports tournaments such as cricket, hockey, golf, athletics, football, and swimming.