Until 9/11, most standard insurance policies used to provide protection against the risk of terrorism automatically. However, after September 11, 2001, premiums for terrorism coverage have increased. In India, effective from 1st April 2002, terrorism was made a separate add-on … [Read more...] about Does my insurance policy cover Terrorism?
What is an “Endorsement”?
Insurance policies can be modified by using a term called endorsing a policy. A policy endorsement can be done to modify coverage’s, add or delete insured items from a policy and modifies a current policy without completely rewriting it. When an insurance policy is endorsed the … [Read more...] about What is an “Endorsement”?
What is 'Excess' or 'Deductible'?
What is an ‘Excess’? An excess is the amount of expenses that must be paid out of pocket before an insurer will cover any expenses, if you decide to claim on your policy. If you claim on your policy your insurance company will be paying you out, so basically it's a way of them … [Read more...] about What is 'Excess' or 'Deductible'?
How to transfer car insurance of Second Hand Car?
When an individual (seller), in whose favour the certificate of insurance of the vehicle has been issued, transfers the ownership of the vehicle to another person's name (new owner or buyer), then as per Sec 157 of Motor Vehicles Act 1988, the certificate of insurance and the … [Read more...] about How to transfer car insurance of Second Hand Car?
Canara HSBC Oriental Bank of Commerce Life Insurance launches Child ULIP – Future Smart Plan
Oriental Bank of Commerce Life Insurance Company has launched a new unit linked plan - Future Smart Plan. Future Smart is a unit linked insurance plan thatprovides long-term investment opportunity to build a bright future for your child. Its comprehensiveinsurance cover ensures … [Read more...] about Canara HSBC Oriental Bank of Commerce Life Insurance launches Child ULIP – Future Smart Plan