We are all in the midst of an unprecedented crisis in the wake of the outbreak of COVID 19 Novel virus cases that are being detected across states. We are trying our best to keep our call centers open to serve you . However we are experiencing a surge in call volumes. We request your patience if you are trying to reach us.
We know it must be frustrating for you not to get an immediate response or to be on hold for a long period. Our sincere apologies for keeping you waiting.
Please be assured that we are trying our best to continue serving you.
We wish you, your family and friends a safe and healthy environment.
Customers should not respond to any messages or call asking for the OTP to avail the benefit of EMI Moratorium.
Thanking you and assuring our best services always.
Insurance is a hedge against the occurrence of unforeseen incidents. Insurance products help you in not only mitigating risks but also helps you by providing a financial cushion against adverse financial burdens suffered.
Accidents… illness… fire… financial securities, are the things you’d not like to worry about any time. General Insurance provides you the much-needed protection against such unforeseen events. Unlike Life Insurance, General Insurance is not meant to offer returns but is a protection against contingencies. Under certain Acts of Parliament, some types of insurance like Motor Insurance and Public Liability Insurance have been made compulsory.
It is very important to have an adequate amount of coverage for each insurance policy. For any asset or property insurance, the value of the asset based on market value or reinstatement value should be taken into consideration before deciding the Sum Insured. If the Sum Insured is not adequate, the percentage representing the uncovered portion of the asset is to be borne by the insured.
Almost everything that has a financial value in your life and has a probability of getting lost, stolen or damaged, can be covered through insurance. Property (both movable and immovable), vehicles, cash, household goods, health, dishonesty and also your liability towards others can be covered
Accidents and mishaps can occur anytime and anywhere. It is important to identify the risks faced and insure oneself against these at the earliest time possible.
Premium is the fixed amount of sum paid over the period by the insured to the insurance company to take an insurance policy and to complete the contract of insurance.
Insurance is a contract between the insured and the insurer. The proposal form is the basis of contract and it contains all the required information for the preparation of the policy which is a contract document.
It is the consideration of material fact to assess the risk and to take the decision whether to accept the risk for the insurance contract and if so at what rate of premium.
The amount, which the insured has to bear in all cases and this amount is first, deducted from the total assessed payable claims amount before determining insurance company’s liability.
It is an arrangement by which insurance companies spread their risk with other underwriters or reinsurance companies called Reinsurance.
There are two policies: Motor Liability Only Policy and Motor Package Policy.
As per the Motor Vehicle Act, it is mandatory to have a Motor Liability only Policy for covering Third Parties.
Owners” liability towards Third Party Personal Injury and Property Damage.
This type of policy covers all the risks covered under a Motor Liability policy plus loss or damage caused to the vehicle due to: Accident, Fire, Explosion, Self Ignition, Lighting, Burglary, House Breaking, Theft, Riots & Strikes, Earthquakes, Flood, Typhoon, Hurricane, Storm, Cyclones, Malicious Acts, Terrorism, Transit by rail/road, air and waterways and also includes towing charges.
Damage caused due to: Driver being under intoxication, Vehicle being driven by a person not holding an effective valid license, Damage to tyres (unless the vehicle is damaged at the same time), wear and tear and mechanical breakdown damages.
Copy of claim intimation given to insurer with xerox copy of policy and premium receipt, duly filled Claim Form, Driving License, Registration Certificate of Vehicle, Estimate of repairs from repairer and stamped receipt, Bills and Cash Memo of repairs, verification of road tax, Police Panchanama/FIR, Permit and Fitness Certificate and any other documents deem fit for the situation.
Yes – In case of Approved Garage, No – In case of any other Garage
Compulsory excess, Reasonable value of salvage if not surrendered to insurer and depreciation.
It is a special discount given on premium for every claim-free year.
It is the Scheme formed by the Central Govt. to provide compensation to the victims of “Hit and Run” motor accidents. The amount of compensation is Rs. 25,000/- in the event of death and Rs. 12,500/- for grievous hurt.