Insurance that’s
made for you

A. Buying insurance can be a taxing process, especially if you're not clear about its goals. However, it can become manageable if you follow these steps:

• First, figure out what amount of coverage you need
• Look at different policies and compare their benefits and costs
• Try to get quotes from several insurers and read the details carefully
• You can also try to get the details from an insurance advisor for help if needed
• Next, choose a policy, fill out the application, and do any required medical tests
• Once approved, make the first payment to start your coverage

P.S. Keep your policy documents safe and review your coverage regularly to make sure it still meets your needs

One of the many benefits of having insurance is that you can save tax with it. Here are some of the tax benefits offered by the government:

Both Life and Health Insurance policies offer tax benefits. Here are the benefits:

Here are some of the benefits of Term life insurance:

• Term life insurance is usually more affordable than other types of life insurance
• Term life insurance policies are straightforward and easy to understand
• This insurance financially secures your loved ones by providing a payout in case of the death of the insured person

Motor insurance is a policy that provides financial protection against vehicle damages. It can cover all types of vehicles, including individual cars, motorcycles, and commercial vehicles. Motor insurance policies provide financial protection against unexpected events such as accidents, theft or damages caused to third parties. Comprehensive Motor Insurance policies not only covers third-party damages but also own vehicle's damages.

The benefits of motor insurance include:

• Covers repair costs for your vehicle in case of accidents, theft, or natural disasters
• Provides coverage for damages and even injuries caused to other people or other people's property
• Covers medical bills for injuries sustained by the driver or passengers
• Helps you face legal requirements with less stress during accidental cases
• Offers cashless repair services in network garages

Here are some of the key benefits of health insurance:

• Protection from rising medical bills: Medical inflation in India will increase to 11% in 2024. During such a time, having health insurance can be invaluable to safeguard you from the rising medical costs
• Hassle-free cashless treatment: Most health insurance policies provide cashless services in network hospitals. This reduces the hassles of payment at the hospital
• Pre-and post-hospitalisation support: Many treatments require pre and post hospitalisation that can cause financial burden on you. But the right health insurance policy can cover all these essential medical needs
• Regular wellness check-ups: Not just for a treatment, your health insurance can help you stay ahead of health issues with yearly wellness check-ups
• Tax savings: The premiums you pay for Health Insurance policies are eligible for deductions under Section 80D. You can claim up to ₹25,000 per year for yourself, your spouse, and your children
• No-claim bonus: Many Health Insurance policies offer bonus benefits for not making claims during the policy period. This allows you to increase your coverage without paying extra

Picking the right insurance plan can be challenging. That's why Upstox comes with the mission of simplifying insurance plans for you and your family.

Here are some of the reasons why to choose Upstox to buy an insurance plan: