Lifetime FREE Credit Card with 10X rewards
Most Searched
Top Products
Popular Searches
Bank Accounts
Populer FAQs
Signature is important and it is required to avail various products and services. To upload your signature
1. Go to More
2. Select Customer Service Dashboard
3. Select ‘Savings/Current Accounts’
4. Select ‘Upload Signature’ to upload your signature.
That's easy! Follow these steps to track your service requests:
1. From the home page of the app, tap on "Customer Service" section
2. Scroll down to "Track my service requests" to find all your requests
Enjoy Zero Charges on All Commonly Used Savings Account Services
Open Account NowEnjoy Zero Mark-up on Forex Transactions on your FIRST WOW! Credit Card
Apply NowInsurance is a contract between a policyholder and an insurance company. The policyholder pays regular premiums to the insurance company. In return, the insurance company provides financial protection to the policyholder from any loss or risk that might occur in the future. The insurance company is often called the insurer and the policyholder the insured. Let us understand different types of insurance policies in India and their advantages.
The following are the types of insurance available in India, their purpose, and their details.
Also called motor insurance, car insurance is popular in India. Car insurance is an insurance policy that offers a policyholder financial assistance in the event of an accident involving their car. Car insurance is one of the three types of insurance that constitute motor insurance besides two-wheeler and commercial vehicle insurance.
The following are the benefits of having car insurance.
A car insurance policy covers any damage or losses suffered by your car. It covers losses due to burglary, theft, riots, or terrorism.
Car insurance provides personal accident cover for a fixed amount. A personal accident cover protects a policyholder against permanent total disability or death due to an accident.
If a third party's car meets with an accident and suffers losses, they will be covered under third-party liability.
No-claim Bonus is one of the main advantages of purchasing a car insurance policy. A customer is eligible to claim this benefit for every claim-free year.
Health insurance is general insurance that financially assists a policyholder when admitted to a hospital for treatment. Additional plans can also be added to your health insurance policy to combat rising medical costs and for the treatment of certain specific diseases whose treatment is costly. Here are the advantages of purchasing a health insurance plan.
The main benefit of a health insurance plan is that it provides financial assistance and covers our medical expenditures.
Every health insurance provider has tie-ups with a chain of hospitals in major cities where policyholders can avail of a cashless claim benefit.
Any policyholder can avail of income tax benefits of up to ₹ 1 lakh on the premiums paid towards their health insurance policy.
According to the Motor Vehicles Act of 1988, all motorized vehicle owners should have third-party liability or insurance mandatorily.
Travel insurance plans ensure the financial safety of a traveler during a trip. Travel insurance policies provide financial help in situations such as loss of baggage while travelling, trip cancellation, etc. Travel insurance is of three types: domestic travel insurance, international travel insurance, and home holiday insurance. Here are the benefits of travel insurance.
Travel insurance also covers financial losses arising from flight delays.
You can claim monetary assistance if you lose your luggage during a trip.
International travel insurance policies support trip cancellations in the event of the sudden passing of a family member or any medical emergency in the family.
Property insurance or home insurance secures your home against unfortunate events such as theft, fire, or natural calamities. With a home insurance policy, a policyholder can benefit from the following advantages.
A home insurance policy protects your home from natural disasters such as floods, hurricanes, and earthquakes.
Home insurance policies also protect financial liabilities from fires.
A life insurance policy protects your family or loved ones after your passing. Life insurance policies ensure the financial freedom of your family members after your death. Here are the benefits of purchasing a life insurance policy.
An individual who has purchased a life insurance policy can rest assured about the financial independence of their family after their passing.
Section 80(C) and Section 10(10D) of the Income Tax Act make a policyholder eligible for tax benefits on life insurance premiums.
Some life insurance policies also act as investment options. Pension plans, for example, offer a lump-sum payout as soon as an individual retires.
You can choose from various insurance plans, including term insurance, with IDFC FIRST Bank. Our policies come with substantial life covers at affordable premiums, helping you build a secure future for your family without affecting your present.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.