5 Reasons to Choose Kerala State Insurance Department for Your Insurance Needs

5 Reasons to Choose Kerala State Insurance Department for Your Insurance Needs

Introduction: Kerala State Insurance Department- A Leading Name in the Market

The Kerala State Insurance Department was established in the year 1952 and is a non-profit government agency. Its headquarters is situated at Thiruvananthapuram, Kerala. The Department was established to provide protection to the people of the state of Kerala from losses arising out of accidents or unforeseen events such as natural calamities and death.

The Department offers different types of policies like life insurance, health insurance, accidental death and dismemberment (AD&D) insurance, property insurance, etc. The life insurance policies offered by the department are for five years with a premium of Rs 400 per person per year or 20% whichever is higher.

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The History of the Development of Insurance in India

The history of the development of insurance in India can be traced back to the 17th century when a system of marine insurance was introduced. This system insured ships and cargoes from losses arising from perils at sea.

The first life insurance company was established in 1818, but it was only in 1838 that the Government of India passed an Act for regulating and managing companies for the purpose of undertaking assurance by means of policies on lives or properties.

In 1868, the first Indian Insurance Company came into existence. The company was called Life Insurance Corporation and its objective was to provide life cover to those who could not afford it due to their low-income levels.

What are the Benefits of Buying Insurance From Kerala General?

Kerala General Insurance is the oldest and still the largest general insurance company in Kerala. It offers a wide range of insurance products to suit any customer’s needs.

The company has a strong presence in Kerala, Karnataka, Andhra Pradesh, and Tamil Nadu. They are also present in other parts of India as well as overseas.

Kerala General Insurance is one of the few companies that offer motor vehicle and health insurance policies with no medical examination required for applicants.

Best in Protection Plans – Kerala is the only Indian State to have a mandatory third-party insurance policy

In India, car insurance is mandatory for all the states except Kerala.

Car insurance in India is a complicated process and there are many things that need to be considered while buying one. The best way to buy insurance would be to compare the different offers from different companies. One should also check what type of cover they want and how much they are willing to pay for it.

The reasons why Kerala State Insurance Department is your first choice for all of your needs

Kerala State Insurance Department is the first and foremost insurance provider in Kerala. The company has been providing services to the people of Kerala for 45 years and is now considered the most reliable, affordable, and accessible insurance company.

The popularity of the Kerala State Insurance Department can be attributed to its high-quality service, low rates, and wide range of products. We at Kerala State Insurance Department strive to provide the best service possible as we know that you deserve it!

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Conclusion: 5 Benefits You Get from Kerala State Insurance Department

Kerala State Insurance Department offers many benefits to its customers. It offers free insurance to all people who are employed by the state government. It also offers insurance coverage to all self-employed people and farmers who have land holdings of 5 acres or more.

The benefits offered by Kerala State Insurance Department are:

1) Free insurance for employees of the state government,

2) Free insurance for self-employed people and farmers with 5 acres or more of land holdings,

3) Free and easy payment process,

4) Easy renewal process,

5) Comprehensive cover for all types of risks.