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Car Insurance in Pakistan

Can I Use My Insurance Policy To Drive Someone Else's Car

Posted by Admin on 01 Dec 2022

Having a car insurance policy is mandatory and knowing how it works is even more important than that! You may have insurance but if you don’t understand how it works you can put yourself in grave danger. It is important to talk to a professional or get guidance from someone in the field. This is why Let’s Compare is here to help their customers out! Let’s answer the most crucial question about car insurance Pakistan: can you drive someone else’s car with your car insurance policy?What Are The Important Elements Of a Car Insurance Policy?There are a few crucial things to notice in a car insurance policy. First is the vehicle information including what type of vehicle is getting insured, the vehicle number, and who is the owner of the vehicle. Once you have gone through this, read the terms and conditions since they vary from insurer to insurer but a big part of them remains the same. Why Is This Information Important?All the information about the vehicle and owner determines that both the car and the insurer are covered only if they are both a part of an accident. A few years ago, you could get coverage under third-party insurance if you were driving someone else’s car and caused an accident. Both you and the vehicle were covered. But due to recent changes in terms and conditions, this is no longer viable. The vehicle needs to be insured in the name of the driver or owner for an insurance policy to be viable. Otherwise, you may face a lawsuit under the cover of theft. This is the only way the vehicle can get covered but you will still not get covered. Is It Applicable For My Car As Well?If someone drives your car without your permission and causes an accident it is considered theft and they are not covered even if they have an insurance policy but your vehicle is covered under theft. This change was due to the increased rate of vehicle theft. What If I Given My Car Away?If you have given your car away or sold it, make sure to change the name of the insured on your insurance policy so that they can avoid such hurdles in the future. It is okay to lend your car to drive but the car should be insured in the name of the one who drives the most or the owner of the car. There is one way, the driver can get the cover on someone else’s car. That is if the owner of the car is in the car. This gets rid of the theft allegation but since the insurance policy covers both the owner and vehicle the third person can get a cover for the passenger.Now that you have your queries answered, you can now clear your misconceptions and take preventive measures from both sides and educate everyone around you about how policy works and what they should check before making any decision like this. Let’s Compare is an online insurance comparison platform that makes getting insured convenient. Go get your car insurance now! 

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Health Insurance in Pakistan

What Types Of Insurance One Should Have In Pakistan

Posted by Admin on 25 Nov 2022

In these tough times, everyone is looking for ways to save money and make investments that will benefit them long-term while staying on budget. One such investment is insurance since it helps you save a lot more than you may expect. Whether it be car insurance, health insurance, or travel insurance, having one always helps you in times of need and you will never regret buying one.Let's take a look at 3 different insurance types and how they impact your life.Health Insurance In Pakistan:If you are a living, breathing human being you need a health insurance plan in Pakistan. From the day you were born to your demise, every moment of your life should be covered. This is also important so that your pre-existing conditions are covered. Many insurance policies do not offer to cover pre-existing conditions. Other than that, the earlier you have health insurance in Pakistan the more you can save when it comes to your finances. The medical insurance policy provides you with many benefits depending on the insurer and policy they provide. So if you bought an expensive policy from a good insurer, there’s a good chance that it will cover everything, even the pre-existing conditions. All in all health insurance in Pakistan is the best investment one can make. Car Insurance Pakistan:If you own a car, you must have car insurance in Pakistan. This is because car maintenance and replacement of a car part require a hefty amount but with insurance, it can all be covered by your insurer while you only have to buy insurance worth a few thousand and pay a deductible, that is what you pay out of pocket when claiming a car insurance policy. This is especially helpful when you have an imported car since the price of parts for imported cars is higher than the price for local parts. In another scenario, in case the car gets totaled or badly damaged in an accident you can get the reimbursement for either the market value or the value you purchased it. Either way, you will not be at a great loss if something unfortunate happens.Travel Insurance Pakistan:Travel insurance Pakistan is yet another essential type of insurance since you should not lose any money on things that can easily be recovered through insurance. Travel is a once-in-a-lifetime opportunity for many people and it’s only fair if it is not tainted by the memories of losing your belongings and having to spend money on replacing them when that money could be used to get the most out of an experience instead. Other than that, travel can also cover your health while you’re on tour. It is a complete package for you with emergency evacuation, flight delay cover, flight cancellation, lost baggage, and many other perks for your convenient travel.Conclusion:Let’s Compare is an online insurance comparison platform where you choose your favored policy from your favorite insurer and get the benefits of living your life to the full extent without any stress. We are partners with reputed insurers in Pakistan and we prioritize customer service to make the experience convenient for customers! So get insured through Let’s Compare now!

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Insurance brokerage

What To Do If I Lose My Insurance Policy

Posted by Admin on 24 Nov 2022

Imagine this, you are traveling and you somehow lose your phone and also lose your luggage. Now you not only need to buy a new phone but also need to call your insurer to claim insurance. But all your data was on your phone and you don’t remember the policy number word for word.You don’t need to worry, yet! There are a few ways you can still get the policy back if you take the right steps. Let’s look at how to get it back!Have You Recovered Your Cell Phone?The first and foremost concern is whether you have recovered your devices. Regardless of insurance policy, it is important that you report your missing devices and get a hold of them as soon as you can because they have all of your data that can be compromised and misused.Do You Remember Who You Bought The Insurance From?Along with recovering your devices, you should find a way to contact your insurer. Do you remember the name of your insurer or insurance broker that you bought your policy from? If it is an insurance brokerage firm like Let’s Compare Online, you should conveniently find their number from google and ring them. You may not remember the policy number but with your full name and ID card number, they should be able to find your insurance policy from their CRM. This should not be an issue! You can then claim your policy and recover all of your lost items!Do You Remember The Insurance Company’s Name?If you don’t remember the agent’s or insurance broker firm’s name then you may remember the name of the insurer themselves. If so, you can search for them and call them on their customer service hotline. They too will be able to pull up your policy and send it to you.Every policy has different requirements, however, for the travel insurance policy, you need your full name, ID card, or your passport number. Your name can be duplicated but your ID card number and your passport number will be unique, so make sure you know one of those things in order to get your policy. Once recovered, now you can file a claim and recover all your lost items or get them reimbursed. Let’s Compare is an insurance comparison platform where you can compare and choose the insurance plan that best suits you and fulfills all your needs. We have products like health insurance, travel insurance, and car insurance, and give our unbiased advice when asked. We are partners with reputed insurance providers in Pakistan making us reliable. We prioritize customer comfort. Get insured with Let’s Compare now!

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Travel Insurance in Pakistan

How To Get Annual Travel Insurance Plan For Multiple Trips

Posted by Admin on 24 Nov 2022

Have you been traveling more than twice each year? Have you been purchasing separate travel insurance plans for each one? You can have a single plan to cover all of your trips and today we will see how?Let’s Compare has always been unbiased and honest in its advice when it comes to customer service. We have compiled a complete guide on how and why it is better to have a single travel plan for a year rather than having three or more travel plans. Let’s take a look.How Many Trips Are You Making In A Year?First, you need to see how many trips you will be making that year. If you are making 3 or more trips then you should consider buying an annual travel insurance policy since that will be more feasible than buying a separate plan for each trip.This is because three plans separately will cost you more than one plan annually and it will also save your efforts of sending documents again and again and storing a new policy document each time on your devices thus, avoiding confusion.What If The Locations Are Too Far From Each Other?What if the places you want to visit are too far from each other and you’re not sure if your insurer will be able to put them in. worry not, because no matter even if the locations are across the globe, your insurer can surely put them down and you will be able to use the same insurance policy for each one of them throughout the year. Is There Any Difference On The Premium?Whether you go to a single country for the rest of the year or go to multiple countries within a year on a single travel insurance policy, your premium will remain the same because after all, all the other factors remain the same! So you don’t have to worry about the premium being any different than a conventional travel insurance policy.Conclusion:Let’s Compare Online is an insurance comparison platform where we provide our customers with the best service and ensure customer satisfaction throughout the process. From the convenient UI to the convenience of getting the insurance policy at a click everything is oriented to make customers at ease. We are partners with top insurers across Pakistan who are reputed as the best in their work hence making the clients develop trust even more easily! If you are not insured, get insured with us instantly!

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Insurance brokerage

How To Get Refund On Policy

Posted by Admin on 11 Nov 2022

Oftentimes, we need to return the policy due to many circumstances. Different insurers have different policies for refunds. Different insurance types are refunded for different reasons hence having different policies of refund. Let's look at how it works and if you can get the refund then how you should proceed.How To Get  Refund On Travel Insurance?In the case of travel insurance, the policy can only be revoked if the VISA is rejected by the embassy. In such a case the applicant will be required to provide the insurer with a VISA rejection letter and insurance policy. After that, we will proceed to get your policy canceled and refund you. How To Get A Refund On Health InsuranceHealth Insurance Pakistan can be revoked if the insurer offers a free-look period. The free-look period gives you an opportunity to cancel your policy without any penalty. Hence, during the free look period, you can revoke your policy and demand for refund.Health insurance in Pakistan is refunded on a pro-rata basis. Meaning that the client purchased an annual policy and demands a refund after 3 months into the policy. The policy will be refunded for the rest of the 9 months while the charges for three months will not be refunded. Keep in mind that there should be no claim in process.How To Get A Refund On Car InsuranceFor car insurance in Pakistan, the client needs to submit a written application to cancel the policy and demand a refund. There are a few conditions under which the policy can be canceled and refunded. First and foremost, there should not be any claim in-process. Second, it depends from insurer to insurer how much percentage can be returned. Some insurers may deduct the admin fee and taxes. Third, the insurance must be called off within 6 months.Conclusion:In all these conditions, for all these policies it depends on the insurer how long they take to refund the policy. It can take anywhere from 24 hours to a week. Upon return from the insurer, we will proceed likewise.Let’s Compare is an online insurance comparison platform. We make it our priority to provide customers with unbiased advice and the best service. We are partners with the best insurers across Pakistan. Get insured now and leave a safe life.

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Insurance brokerage

Why the idea of skipping insurance is hazardous moneybag

Posted by Admin on 11 Nov 2022

Insurance is an investment that can save you thousands when done correctly. Some insurances like health and car insurance may seem expensive but in the long run, given that there is a mishap, your insurance will protect you against the damage of many millions. Having no insurance will cost you more money than actually having it. Let’s look at how it can cost you more!Medical Bills Vs Insurance CoverMedical bills take up a significant part of your expenses. But having a travel insurance policy makes it much more affordable. Let's take a look at how much money we will be spending if we have travel insurance and if we don’t have one. If we are traveling to Schengen States for a week, we will need to buy travel insurance for Schengen visa, and the cheapest costs PKR 1,900 without Covid Cover and PKR 2,150 inclusive of Covid Cover. They cover the medical expenses up to USD 50,000 which is more than you will ever need on a one-week trip unless you face a gruesome accident costing you surgeries over surgeries. It can cover your basic hospital expenses and hospital stays that surely cost more than PKR 2,100. Hence having insurance is less expensive than not having one since you are saving a huge amount in disguise of a few thousand. Luggage Replacement Vs Insurance CoverWith insurance of around PKR 2,100 you will have a cover of USD 400 for your luggage. This includes loss of luggage that you will not be paying out of pocket. However without insurance, if you lose your luggage you might need to spend a lot more than PKR 2,100. This again proves the fact that not having insurance is a lot more expensive than having one.Delayed Departure Vs Insurance CoverIn PKR 2,100 you get a cover of USD 300 for delayed departure which can easily cover a stay at a good hotel with nice meals which is hardly possible in double the amount of PKR 2,100. Without insurance, you will end up in the distress of trying to find a cheap alternative and might need to give up a meal or compromise on other necessities till your fight is confirmed. Theft And Total Loss Vs Insurance CoverIn car insurance, you can get insured at a 1.5% rate for a car worth PKR 750,000. Let’s say that the car is Mehran and the parts are readily available within the same city. Hence in case of total loss and theft, you can claim insurance worth PKR 11,250. In this amount your millions can be covered which you otherwise had to pay out of pocket in case you don’t have insurance. Looking at the analysis, we can conclude that having insurance is way cheaper than not having one and only relying on your income or savings to repair the damage or replace lost items. Insurance companies endorse saving your resources for the better and that is why not having insurance is way more expensive than having one. So get insured with Let’s Compare Online now!