At Blue Sky we provide you appropriate advice on all insurance matters – be it Personal Life Insurance, Health Insurance, Motor or Travel Insurance. Working with Insurance brokers helps us obtain the best quotes of premium for our clients, thereby saving on the premium cost and also offering various alternatives to our clients to choose from. When it comes to other General Insurance requirements like Factory, Public Liability and Fidelity Insurance, our associates and Insurance brokers provide the right advice to you.

Given below are overviews of some of the basic features of the various types of Insurance policies that touch our lives every day. However, we must point out that the list is not exhaustive.

Do contact us to discuss your requirements in details and then offer various options and alternatives that are available to enable and empower you to take an informed decision.

General Insurance

Health Insurance (popularly known as 'Medi-claim' Policy) offers protection from unexpected medical emergencies and costs. Health insurance therefore, can be a source of support as it takes care of the financial burden your family may have to go through. It will help you tackle such situations with ease by providing you with timely and adequate medical care. However, it is estimated that only 17% of the total population in India is covered by Health Insurance. At the same time surveys have shown that demand for Medicare in India is growing at over 25%.

Let's take cardiovascular ailments which are particularly common in India being, as it is, the heart disease capital of the world.

Treating a heart ailment, especially if it involves surgery, can be expensive. The actual cost of the surgery depends on factors like severity of the heart condition, nature of surgery, type of hospitalization, surgeon's experience and expertise.

Today, cost of a heart surgery in India could vary in the region of Rs 1.5 lakhs to Rs 3 lakhs. Five years later it could be a lot more expensive.

The illustration below highlights how cost of heart surgery can be expected to rise over the years.

Rising Cost of Medical Emergencies

Cost of heart surgery today Rs 2,00,000
Annual rise in medical cost 10%
Future value of heart surgery after 5 years Rs 3,22,102
Future value of heart surgery after 10 years Rs 5,18,748
Future value of heart surgery after 15 years Rs 8,35,450

Cost of heart surgery and rise in costs are estimates and do not represent actual values

As is evident from the illustration after 5 years the Rs 2 lakh heart surgery will cost over Rs 3.22 lakhs. After 10 years it will be Rs 5.19 and Rs 8.35 lakhs after 15 years.

If the individual hasn't saved that much money, he would be forced to dip into his savings and investments or worse borrow money.

Thus, the best way of tackling medical emergencies is by investing in a good Health Insurance. It offers a lot of flexibility both in terms of coverage and disbursal. For instance, certain health plans cover as many as 30 critical illnesses and over 80 surgical procedures. Payment towards illness/surgery is disbursed regardless of actual medical expenses. The policy continues even after the benefit payment on selected illnesses.

With health plans, individuals are assured of a more secure future both health-wise and money-wise.

Motor Insurance covers - Own damage, Legal liability of insured towards third party personal injury and property damage arising out of an accident involving the insured vehicle, passengers and hired driver.

Ask Blue Sky for a premium quote. You will be surprised at what our Insurance brokers can offer as premium cost!
You can get special features like
  • Superfast cashless claims.
  • Transfer of existing 'No claim bonus'.
Also take an add-on cover to add the following benefits
  • Zero depreciation 'bumper to bumper' cover.
  • Engine protection.
  • 24X7 Spot Assistance.
  • Loss of key.
  • Emergency transport and hotel expenses.

Business, sight-seeing, shopping are the things you usually plan for when you travel. What about unforeseen emergencies like lost baggage (and passports), flight delays, personal accidents, even a hospital stay in a strange unknown place while you are traveling?

Very few people plan for real risks like these. Travel Insurance policies take care of emergencies during your travel, whether overseas or domestic.

Key Benefits of a Travel Insurance

  • Travel Insurance policies offer compensation for flight delays, trip delays, etc., when individuals make long trips abroad.
  • Expenses with regards to trip termination are also compensated through travel insurance plans.
  • Medical treatments, hospitalization and hotel accommodation for medical emergencies are also included under a travel plan.
  • Customers can get customized plans according to the destination they are travelling to. The premium amount varies as per the destination.
  • Travel insurance policyholders can also get cover for personal liabilities, accidental death, travel delays, legal expenses, dental treatments, repatriation and emergency reunion.
  • Insurers across the country offer 24X7 customer service support to policyholders providing them with assistance for loss of documents, accidents, etc.

Life Insurance

Life Insurance is an agreement between an insurance company and a policyholder, under which the insurer guarantees to pay an assured sum of money to the nominated beneficiary in the unfortunate event of the policyholder's demise during the term of the policy.

There are many kinds of Life Insurance policies where Investment plans are linked with Life cover. However, we at Blue Sky believe that the main purpose of a Life Insurance is to cover one's life against any unfortunate event. By taking an Insurance Policy with an Investment plan linked to it, the premium is not only very high but the life cover is also inadequate at that premium cost. Thus, we promote Term Life Insurance also known as Term Plans.

Term Plan is a pure protection plan with assured life cover and no maturity benefits. It is an affordable insurance plan providing a large cover at a relatively smaller premium. For example, a non-smoker male, 28 years of age, can get a term plan cover of Rs.1 crore for a premium as low as Rs.576/month, for a 30 year policy term. There are certain plans which return back the premium paid in case the policy holder survives, at the end of the policy period.

Advantages of a Term Plan

  • It is the cheapest form of Insurance providing the maximum amount of coverage for protecting your family.
  • Rewards you for maintaining a healthy lifestyle.
  • Hedge against the rising cost of living with an option of increasing Sum Assured.
  • Option to receive death benefit as Annual Income.
  • Income Tax Benefit : Life Insurance premiums paid up to Rs.1,50,000 every year are allowed as a deduction from the taxable income each year under section 80C. Death Benefit amount paid to the nominee is also tax-free under section 10(10D).