6 Cheap And Hidden Insurance Covers You Aren't Aware Of

By SiliconIndia   |   Monday, December 23, 2013
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Bangalore:  Do you think you are aware of all the insurance covers? If yes then think twice. There are few insurance covers that are free and cheap, but are hidden and you are not aware of it. Few products and services when sold have insurance covers, which most of the customers aren’t aware of. Some of the home appliances do have insurance cover such as LPG (Liquefied Petroleum Gas), which is one of the most basic necessities in your day to day life. It is seen that there is a free insurance cover of up to Rs.4o lakhs if you buy an LPG but dealers often don’t inform their customers about this. Usually this is a group insurance which dealers take it and they pay the premium, but for customers it is free so they don’t bother to inform about it. However, Neha Pandey Deoras of Business Standard has compiled a list of such free and hidden insurance covers.

Insurance Policies For Deposits

Have you ever thought of having insurance for deposits? Deposit Insurance and Credit Guarantee operation is the second oldest deposit insurer who are in charge of taking care of interests of small depositors. The best part of this premium is that you don’t need to pay a penny for this insurance as bank is the one who pays the premium. If you have a deposit of Rs.50, 000 then adding your interest of Rs.5000 your insurance coverage will be around Rs.55,000. Any deposits beyond Rs.1 lakh are automatically insured even without your concern.

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