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The right cover for every stage of your life
Health, life, motor, home, and the covers most people never hear about — sum insured, waiting periods, claim ratios, and the hidden clauses that decide whether a claim actually gets paid.
Compare insurance types in seconds
Click any card to jump straight to the full deep-dive below.
Health Insurance
Life Insurance
Motor Insurance
Home Insurance
Personal Accident
Cyber & Travel
Government Schemes
Rare & Specialized
What each policy actually covers
Variants, IRDAI rules, and the coverage most Indian families genuinely need.
Health Insurance (Mediclaim)
Most EssentialCovers hospitalisation, pre/post-hospitalisation costs, surgeries, and day-care treatments — arguably the single most important policy for any Indian household.
Key IRDAI Rules
- Pre-existing disease waiting period capped at a maximum of 36 months
- Moratorium period capped at 5 years — after that, claims can't be rejected for non-disclosure except proven fraud
- Insurers must offer at least one plan with no entry-age cap
- Retail individual health policies are exempt from 18% GST
Recommended Coverage
Minimum ₹10–25 Lakhs sum insured for families in metro or Tier-1 cities, given rising treatment costs.
Life Insurance
Family SecurityFinancial security for your dependents if you're not around to provide for them.
Motor & Vehicle Insurance
Legally MandatoryProtection against damage to third-party people/assets, and optionally your own vehicle.
Essential Riders
- Zero Depreciation: ignores wear-and-tear on plastic/metal parts during claims — essential for vehicles under 5 years old
- Engine Protect: covers water-logging and hydrostatic lock damage to the engine
- Roadside Assistance (RSA) and Return to Invoice (RTI) for total-loss claims
Home & Property Insurance
UnderratedProtects your home's structure and contents against fire, floods, earthquakes, riots, and burglary — one of the least-bought yet most valuable policies in India.
Bharat Griha Raksha
A standardised policy wording mandated by IRDAI across all Indian insurers, which also offers an automatic waiver on claims for minor cases of under-insurance.
Personal Accident & Disability Insurance
Income ProtectionCovers death, permanent total disability (PTD), permanent partial disability (PPD), and temporary total disability (TTD) from accidental injury.
Cyber & Travel Insurance
Fast GrowingTwo of India's fastest-growing but least-understood covers, protecting you against risks a health or motor policy was never designed for.
Government Micro-Insurance Schemes
From ₹20/yearExtremely low-cost, government-backed covers — worth having even alongside private insurance.
Rare & specialized insurance most people don't know exists
Niche covers worth knowing about if they match your life or business.
Crop Insurance (PMFBY)
Pradhan Mantri Fasal Bima Yojana protects farmers against yield loss from natural calamities, pests, and disease at heavily subsidised premiums.
Livestock / Cattle Insurance
Covers death of cattle, buffalo, or other farm animals due to disease, accident, or natural disaster — important income protection for rural households.
Wedding Insurance
Covers financial loss from event cancellation, vendor no-shows, venue damage, or loss of jewellery/gifts at big-budget Indian weddings.
Gadget & Mobile Insurance
Covers accidental damage, liquid spills, and theft of smartphones, laptops, and other electronics — usually bought at the point of purchase.
Marine Cargo Insurance
Protects goods in transit by sea, air, or land against loss or damage — essential for import/export and e-commerce businesses.
Pet Insurance
A newer category in India covering veterinary treatment, surgery, and sometimes third-party liability if your pet injures someone or damages property.
Key Person (Keyman) Insurance
A business insures itself against the financial impact of losing a critical founder, partner, or executive — common in startups and family businesses.
Event Cancellation Insurance
Covers financial loss for concerts, conferences, or exhibitions cancelled due to weather, venue issues, or unforeseen circumstances.
The full insurance application journey
Research & Selection
- Determine sum insured based on family size and liabilities
- Compare Claim Settlement Ratio (aim for CSR > 95%) and network hospital density
- Use Bima Sugam or trusted aggregators for transparent rate comparison
Documentation & e-KYC
- Identity/address proof: Aadhaar, PAN, Voter ID
- Income proof for high term cover: salary slips, Form 16, or 2 years' ITR
- Vehicle documents for motor: RC book, existing policy, invoice
Medical Checkup & Underwriting
- Tele-medical interview or physical screening if required by age/cover
- Disclose all medical history honestly — never hide past conditions or habits
Policy Issuance & Free-Look
- Policy delivered digitally (e-Insurance Account/DigiLocker) or physically
- 30-day free-look period to review and cancel for a refund, minus stamp duty/medical cost
How to lower your insurance premium — legally
Buy Early in Life
Term and health premiums rise sharply with age — locking in a term plan at 25 can secure low premiums for 30–40 years.
Use Super Top-Up Plans
A ₹5L base plan + ₹20L super top-up (₹5L deductible) can cut overall premium cost by up to 50% versus a flat ₹25L plan.
Protect Your No Claim Bonus
Avoid small claims — NCB gives up to 50% off motor OD premium and can double your health cover for free over time.
Pay Multi-Year Upfront
Paying health premiums upfront for 2–3 years often earns a 5–15% discount from the insurer.
Opt for a Voluntary Deductible
Agreeing to pay a small fixed amount out-of-pocket per claim lowers your annual premium meaningfully.
Install Anti-Theft Devices
ARAI-approved anti-theft devices can earn a 2.5% discount on your motor insurance OD premium.
How claims actually get settled
Cashless and reimbursement claims follow very different paths — know both before an emergency.
Show your digital health card / policy ID and Aadhaar at the network hospital desk.
Hospital sends a pre-authorisation form directly to your insurer.
Insurer grants initial approval, typically within 1 hour (IRDAI mandated TAT).
At discharge, the insurer settles the bill directly — you pay only non-medical extras.
Intimate the insurer within 24 hours of an emergency (or 48 hours before a planned admission).
Pay bills yourself; keep original bills, discharge summary, reports, and payment vouchers.
Submit the claim form with documents within 15–30 days of discharge.
Insurer processes and disburses funds to your bank account within 15–30 days.
IRDAI rules & the Bima Sugam platform
Bima Sugam Portal
A centralised, IRDAI-backed digital platform unifying life, health, motor, and property insurance — with a single Bima Pehchaan ID, paperless e-KYC, and instant claim tracking.
Portability Rights
Switch your health insurer without losing accumulated waiting-period benefits or No Claim Bonus, provided you apply at least 45 days before renewal.
Claim Turnaround Time
Cashless pre-authorisation decisions are required within 1 hour; death claims without investigation must be settled within 30 days.
Your grievance redressal path
File with the Insurer's GRO
Submit a formal written complaint to the insurer's Grievance Redressal Officer first.
Escalate to Bima Bharosa
If unresolved within 14 days, register your complaint on IRDAI's Bima Bharosa portal.
Approach the Ombudsman
For claims up to ₹50 Lakhs, the Insurance Ombudsman offers a free, independent, quasi-judicial resolution.
Insurance questions, answered
What are the best health insurance plans in India in 2026?
The "best" plan depends on your city, age, and family size — but strong candidates generally combine a claim settlement ratio above 95%, a wide network hospital list, and coverage of at least ₹10–25 Lakhs for metro families. Comparing plans on the Bima Sugam portal is a good starting point.
What is the IRDAI pre-existing disease waiting period?
IRDAI caps the pre-existing disease waiting period at a maximum of 36 months (3 years) across health insurance policies in India.
What is zero depreciation car insurance?
Zero depreciation cover ensures that during a claim, the insurer ignores the depreciation applied to plastic and metal parts of your vehicle, so you receive a higher claim payout — it's especially useful for cars under 5 years old.
How does the cashless claim process work in India?
At a network hospital, you show your policy ID and the hospital sends a pre-authorisation request to your insurer, who typically approves it within an hour under IRDAI's mandated turnaround time; the insurer then settles the bill directly with the hospital at discharge.
How can I save money on my health insurance premium?
Buying early, choosing a base plan plus a super top-up instead of one large sum insured, protecting your No Claim Bonus, and paying premiums upfront for 2–3 years are all effective, legitimate ways to lower your premium.
What is the Bima Sugam portal?
Bima Sugam is a centralised, IRDAI-backed digital infrastructure that brings life, health, motor, and property insurance onto a single platform, with a unified digital ID, paperless KYC, and direct policy purchase and claim tracking.
Not sure which insurance you actually need?
Talk to a Mypoonji advisor — we'll help you figure out the right cover, sum insured, and riders for your life stage, without the sales pressure.
Book a Free Insurance Consultation →Premium ranges, waiting periods, and scheme details shown are indicative as of publication and vary by insurer, age, and IRDAI policy changes. Please confirm current terms directly with your chosen insurer before purchasing. This page is for informational purposes and does not constitute financial, legal, or insurance advice.