Insurance
The right cover, explained before you buy
Insurance is only worth what it pays at claim time. Each page below sets out the kinds of policy available, what they cover and exclude, and what to weigh when comparing quotes — so you choose on the policy wording, not just the premium.
Types of insurance
Pick what you want to protect
- Health insuranceHospital bills for you and your family, paid by the insurer — cashless at network hospitals.Explore health insurance
- Term life insuranceA pure life cover that pays your family a lump sum if you die during the policy term.Explore term life insurance
- Car insuranceMandatory third-party cover, plus protection for your own car against accidents and theft.Explore car insurance
- Two-wheeler insuranceLegally required cover for your bike or scooter, with own-damage protection if you want it.Explore two-wheeler insurance
- Travel insuranceMedical emergencies, lost bags and cancelled trips covered, in India and abroad.Explore travel insurance
- Home insuranceYour home's structure and belongings protected against fire, flood, theft and more.Explore home insurance
Before you buy
How to choose cover
Protect against what would hurt most
Start with the losses your household could not absorb: a hospital stay, the loss of an earning member's income, or a liability you cause on the road. Health, term life and third-party motor cover deal with those first. Travel and home cover come next.
Buy enough cover, not just a policy
Too little cover leaves you paying most of a large claim yourself. Size health cover to treatment costs in the city you live in, and term cover to the years your family would depend on your income.
Read the exclusions and limits
Waiting periods, sub-limits, co-payments and deductibles decide what a policy pays. Two policies at the same premium can pay very different amounts on the same claim.
Disclose everything
Declare existing illnesses, habits such as smoking, and previous claims. Non-disclosure is one of the most common reasons a claim is turned down.
FAQs
Insurance questions, answered
Does PaisaFin sell insurance itself?
No. Policies are issued and underwritten by IRDAI-registered insurers. PaisaFin helps you understand the options and connects you with a partner, and the policy contract is always between you and the insurer.
Which insurance should I buy first?
For most households: health insurance for everyone in the family, term life cover if anyone depends on your income, and the motor cover the law requires for your vehicles. Travel and home cover come next, depending on your plans and what you own.
Why is a cheaper premium not always the better policy?
A lower premium often means more exclusions, longer waiting periods, co-payments or caps that cut what the policy pays at claim time. Compare the policy wording and the insurer's claim settlement record, not just the price.
What is the free-look period?
A window after you receive a new policy in which you can review it and cancel if it does not suit you, with a refund of the premium less certain deductions. The policy document states how long it lasts.
How do I complain about an insurer?
Start with the insurer's grievance officer. If you are not satisfied with the response, you can escalate through IRDAI's Bima Bharosa portal or approach the Insurance Ombudsman.
Not sure which cover you need?
Tell us what you want to protect and our team will call you back to talk through the options. There is no obligation to buy.