Okbima Benefits

More than a decade of expertise in the Insurance space has its perks.And all our know-how, experience, and technological edge are at your service 24/7/365.

Multiple Options

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For Transparent and Easy Comparison

Quick and Hassle Free

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Online Process at click of Your Mouse

24*7 Support

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   Support available throughout the year 24*7

Instant Quotes

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Quick Quotes from top Insurers at a click

Expert Advice

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Trained Professional and Subject matter experts.

Testimonial

Everyone knows customers talking about your brand is the best Marketing there is.At Okbima, we let our customers do the talking. What do we do? We just deliver, every single time.

Supportive Executive

I recently purchased health insurance from OKbima. Because I had never acquired the insurance before, I had some worries at first, but the executive immediately answered all of my questions. The crew provided outstanding service.

Ankita Sitaria

Location : Noida

Effective Mechanism

I'm grateful to be a member of OKbima since they helped me navigate the process of obtaining a term pension plan for my family's future. The whole thing went smoothly. Many thanks to OKbima for their outstanding services.

Gaurav

Location : Noida

Proper Guidance

I chose a conventional term insurance plan, which is the most common term plan and also the best coverage because it levies a yearly premium for an annual policy. In comparison to the other plans, I loved this one. Thank you OKbima.

Sanjay

Location : Delhi

Customer Centric

I chose OKbima because they provided me with a decent Child Insurance Plan with perks, and it was the finest plan I could find. Where others were expensive, the price was substantially lower. This was accompanied by superb service.

Sudipta Saha

Location : Delhi

FAQs

What Is Insurance?

  • It is a contract in the form of a policy in which the insurer compensates the insured against any losses or pitfalls covered under the policy.
  • Buying insurance simply means you are purchasing financial security for yourself and all your family members in your absence.
  • The contract is between a policyholder(insured) and an insurance company where the insured pays the premium at regular intervals to the insurance company.
  • At the time of maturity, the insurance pays the sum assured along with all the accumulated bonuses to the policyholder or his nominee in case of any mishappening during the policy tenure.
  • In short, insurance is a way of managing financial risk.

Why is Insurance important?

  • Provides financial security
  • Boosts your savings
  • Tax benefits
  • Safe and assured investments
  • Helps in securing a child’s future.
  • Coverage against any uncalled mishappening

How does Insurance work?

  • Insurance is a legal agreement between the insurance company and the policyholder.
  • All the terms and conditions regarding the premium paying term, the sum assured, and the bonuses are mentioned in the policy bond given by the insurance company.
  • In case of any unprecedented event or at the time of maturity (whichever comes first), the insurance company gives the mentioned amount as per the policy bond to the nominee of the policyholder.
  • This financial tool provides you with coverage and support for your family against the risk of loss, damage or theft.

How to claim an Insurance?

  • Fill out the claim form which is available both online on the company’s website and offline mode.
  • Attach the policy bond and the copy of identity proof, cancelled cheque, and death certificate (In case of a demise) with the duly filled form.
  • As per IRDA, the death claim is settled within 30 days of filing the claim.
  • In the case of maturity, all the documents remain except the death certificate which is excluded. An intimation from the insurance company will be given about the amount payable at maturity.
  • It is advisable to contact the insurance company 5-7 days prior to the date of maturity for a seamless claim.

What are the Tax Benefits on insurance?

  • The taxpayers get an additional benefit under section 80C of the Income-tax Act (1961). According to this section, the premium paid up to Rs 1.5 lac by the policyholders is tax-free.
  • At the time of Maturity, the maturity earned is also exempted under section 10(10)D.
  • In the case of the pension plan, 1/3rd of the payment received at the time of retirement is also tax-free.
  • But premiums paid in health insurance are taxable up to an amount of Rs.25000/- under section 80(D) of the Income-tax Act 1961.

Our Partners

Roll those eyeballs to the right to have a peek at our stellar insurance partners. We are in business with the best so that we can offer you nothing but the best.

Aditya Birla Health
Adiyta birla life
Bajaj Allianz
Bajaj Allianz Life
Care Health Insurance
Digit
Edelweiss Tokio life
Future General
HDFC ERGO
HDFC Life
ICICI Life Insurance
Kotak general Insurance
Kotak Life Insurance
LIC
Magma HDI
Manipal Cigna Health Insurance
National Insurance
Nive Health Insurance
Oriental Insurance
PNB metlife
Reliance General Insurance
Royal Sundaram General Insurance
SBI Life
Star Health Insurance
TATA AIA LIfe
United India Insurance
Universal Sompo