Car insurance policies can be divided into two categories on the basis of insurance coverage – a. Third-party Liability Car Insurance b. Comprehensive Car Insurance Who is third party? As per insurance terminology, the first party is the insured person or the owner of the … [Read more...] about What is covered in ‘Third Party Liability’ car insurance?
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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”?
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?
Why not to buy travel insurance from travel agents?
A large number of foreign travellers, who book their holiday through a travel agent, often choose the policy offered by the travel agent for convenience or because they assume the great deal they just got on their package holiday will be replicated with the travel insurance too. … [Read more...] about Why not to buy travel insurance from travel agents?
How to check LIC policy’s ‘Surrender Value’ and ‘Loan Eligibility’ online?
How to check the 'Surrender Value' and 'Loan Eligibility' of your LIC policy online? 1. Visit licindia and register as a new user. If you are already registered login here 2. Login to your account and click “Enrol Policies” in the left menu. 3. Click “Click to Enrol New … [Read more...] about How to check LIC policy’s ‘Surrender Value’ and ‘Loan Eligibility’ online?
How to Surrender LIC Policy?
If you have bought a LIC endowment or money back plan and looking to surrender it for cash value. Here is how you can surrender your LIC policy – First Check - does your policy have a surrender value? Check the policy bond and other documents if the policy has a surrender … [Read more...] about How to Surrender LIC Policy?
How to get LIC policy info by SMS?
LIC India policyholders can easily know their policy related enquiry by SMS. What all queries can I enquire via this facility? You can enquire about - Policy Status, Existence Certificate Due Loan, Last Annuity Released Date, Annuity Payment thru, Annuity Amount, Cheque … [Read more...] about How to get LIC policy info by SMS?
How to calculate correct Insured’s Declared Value(IDV)?
What is Insured’s Declared Value(IDV)? The insured's declared value (IDV) of the vehicle will be deemed to be the Sum Insured for the purpose of your car insurance policy and is fixed at the commencement of each policy period for each insured vehicle. For a new vehicle, the IDV … [Read more...] about How to calculate correct Insured’s Declared Value(IDV)?
Why should you have both – Health Insurance and Critical Illness?
Health Insurance or Critical Illness policy, not sure which policy to buy – check here which one is best for you. What is Health Insurance? Health insurance is a form of reimbursement insurance that pays you the cost of hospital expenses for any covered illness, disease, or … [Read more...] about Why should you have both – Health Insurance and Critical Illness?
PPF Forms – When and How you can use them?
Form A - PPF Account Opening Form Form B - Amount Deposit into PPF Account Form Form C - Loan on PPF Account 1. Withdrawals from the PPF Account with following conditions - a) Any time after the expiry of five years from the end of the year in which the initial … [Read more...] about PPF Forms – When and How you can use them?