Simplifying Insurance
for Every Individual

With Algates Insurance, get access to the best insurance advice. Talk to us, get answers to your questions, discover the right coverage amount and the most suitable insurance plan for yourself and buy it from a reputed insurance company. All this is just a call away.

What We Offer

Insurance for Family Protection, Life Insurance

Life Insurance

Protect your family today by insuring your life with a term plan. Talk to us and select the right term insurance plan for yourself.

Health Insurance for

Health Insurance

Don’t worry about your medical expenses anymore, we have got you covered. Talk to us and select the right health insurance plan for yourself and your family.

Old lady relaxed after her retirement

Annutiy

Manage your retirement strategically by investing in an income based pension plan. Annuity gives a guaranteed return of your life-long investment, offering financial protection to your investments after retirement.

Why should you buy from Algates Insurance ?

algatesinsurance

Buy the Right Policy

We don’t just sell insurance, we help you find the right coverage for your needs.

algatesinsurance

Claim Assistance

We advocate for you throughout the claim process to ensure smooth settlements.

algatesinsurance

Compare & Save

Access quotes from multiple insurers to find the best plan and competitive rates.

algatesinsurance

IRDAI Certified Experts

Get expert insurance advice from IRDAI Certified Experts.

Frequently Asked Questions

What is a health insurance policy? Is it different from mediclaim?

Mediclaim is a prototype of health insurance. Mediclaim policies only cover hospitalisation expenses. Health insurance provides a wider coverage and provides cover for hospitalisation expenses, day care procedures, pre and post hospitalisation expenses and much more.

Both mediclaim and health insurance are similar but differ in the extent of coverage provided and hence health insurance has become more popular these days.

What is a cashless health insurance policy?

A cashless health insurance policy comes with the facility of cashless treatment at network hospitals.

In case you take a treatment at any hospital, after verifying all your health insurance documents, your hospital coordinates with your health insurer directly or through a third party administrator to make a claim under your health insurance policy.

Your insurer pays the approved claim amount directly to the hospital. You thus avail the facility of cashless treatment at the hospital.

Cashless facility is only available if the insured goes to a network hospital for the treatment.

What are network hospitals?

Network hospitals are a list of hospitals throughout the country which are tied up with an insurer to provide cashless treatment facilities to its customers.

If you have a health insurance policy and go to one of the network hospitals, you can avail cashless treatment facility. Cashless facility is not available outside network hospitals.

Every health or general insurer in India has a network of hospitals. One hospital could be tied up with one or multiple insurers at the same time.

What is No Claim Bonus (NCB)?

Health insurers usually provide rewards to their customers at the time of renewal for staying healthy.

If you buy a health insurance policy and do not make any claim in any policy year, your health insurer will reward you in the form of increased coverage at no extra cost at renewal. This increased coverage is your no claim bonus.

The extent of no claim bonus and terms and conditions attached to it may vary from insurer to insurer.

Does term insurance cover deaths due to natural disasters?

Unless mentioned in the policy document specifically under the list of exclusions, deaths due to natural disasters are not excluded under term insurance.

Is term insurance expensive?

Term insurance is the most affordable form of life insurance. You can buy a good amount of coverage at a very little cost.

Term insurance is cheap as it is a pure protection product which does not provide any form of maturity benefit.

How do I decide how much term insurance cover I need?

There can be many ways to calculate required term cover. One of them is the expense replacement method. You have to consider all the monthly expenses of your dependants and project them into the future assuming inflation for the next 20 or 25 years. Then you discount all of them to get their present values and add them all. Add all your current outstanding loans to this and you get your required term cover.

But all this can get very complicated for a layman. So as a rule of thumb, you can go for 20 to 25 times of your current annual income as your term cover.

Why are smokers charged more premium than non-smokers when buying term insurance?

Smokers are proven to be more prone to various health conditions, including lung cancer, heart disease, and respiratory issues. They have higher mortality rates than non-smokers, leading to higher mortality risk for the insurer. Hence life insurers charge more premium to smokers than non-smokers.

Have more questions ?

algates insurance

What Our Customers Say

Sajitha S

 I was struggling go get a health insurance for my dad. It was quite difficult, had it not been for Algates Insurance, I would have been struggling till now & probably lost hope.

K Somasekar

I found out about Algates Insurance through one of my friends. Their team was so helpful, helped me understand why getting a term insurance was the best thing I could do for my family.

Gautham Kamath

My whole family has got done their health insurance from Algates Insurance. I would 100% recommend them to anyone I know for buying Insurance.

Rohit Kumar

I almost got into buying the wrong Insurance. It was Nidhi and her team because of whom I am now so much secured with the type of policy I finally bought.

Thippeshi T

Thumbs up to the team. Buying insurance with them was so easy and smooth & the friendly team they have is just a cherry on top.

Icon of a happy person, representing satisfied customers.

Happy Clients

Icon representing shared advice or knowledge.

Advice Sought

Our Partners

Max Life Insurance company logo
Logo of HDFC Life insurance company
Logo of Care health insurance company
Logo of TATA AIG insurance company
Logo of Manipal Cigna Health Insurance company
ICICI Prudential Insurance company logo
Logo of Niva Bupa health insurance company

Get In Touch

Looking for some insurance related advice? You can book a call with us. It’s absolutely FREE.