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Risk-transfer mechanism that ensures full or partial financial compensation for the loss or damage caused by event(s) beyond the control of the insured party. Under an insurance contract, a party (the insurer) indemnifies the other party (the insured) against a specified amount of loss, occurring from specified eventualities within a specifiedperiod, provided a fee called premium is paid. In generalinsurance, compensation is normally proportionate to the loss incurred, whereas in life insurance usually a fixed sum is paid.

Life insurance

MOTOR insurance

Home insurance

PLAN CLOSES ON 14.08.2015

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