Motor Insurance: Various types of Motor insurance policies available in India
The India Motor Tariffs, as amended in July 2002 provided for two types of Policy forms. These were: Read more
Insurance Concepts: General Insurance
Fire Insurance: Basic principles essential to Govern Fire insurance
The basic principles that govern Fire Insurance are:
Read moreMotor Insurance is a contract of Indemnity.” Discuss
The principle  of indemnity requires that when a loss arises  under an insurance policy, the loss must be made good in such a manner that financially the insured is neither better off nor worse off as the result of the loss. The object of this principle is to place the insured after a loss in the same pecuniary position as far as possible as he occupied immediately before the loss. Read more
Application of principle of Utmost Good Faith in Motor Insurance.
In insurance contracts, the legal doctrine of utmost good faith applies. This casts on the insured the duty to disclose all material facts that have a bearing on the insurance. A breach of this duty may make the contract void or voidable depending upon the nature of the breach. Read more
Current trends of the general insurance market
” Despite there being over 30 players, the market is still under penetrated. In the general insurance sector, the penetration level is just about 0.65%, Dr Amarnath Ananthanarayanan points out “
The coming year will assume a significant position in the history of Indian insurance industry. It denotes completion of a decade of open-market; ending of oligopoly and entry of private sector insurance companies; and the regime of a new development oriented regulatory authority—the IRDA (Insurance Regulatory and Development Authority). Read more
Club mediclaim with accident insurance for total coverage
When we talk about insurance, we normally associate it with life insurance. It has captured a huge mindshare due to the saturation coverage that the media has given it. Of late, a lot of newsprint has also been devoted towards medical insurance policies – normally referred to as ‘mediclaim’.
Read moreWhat is Health Insurance?
The term ‘Health Insurance’ relates to a type of insurance that essentially covers your medical expenses.A health insurance policy like other policies is a contract between an insurer and an individual / group in which the insurer agrees to provide specified health insurance cover at a particular “premium†subject to terms and conditions specified in the policy. Read more
Frequently Asked Questions(FAQs) on Travel Insurance in India
Want to know about travel insurance policies, medical check in travel insurance, Third party Administrator, overseas travel insurance in India. Read on…….
Read moreHow to purchase Travel Insurance Policies in India
Travel Insurance offers insurance protection while you travel. Travel Insurance may be called by different names by insurance companies. It is important for you to check and understand whether the policy covers domestic travel or overseas travel or both. Read more
How to buy Property Insurance in India – Frequently Asked Questions
Want to know how to buy property insurance in India… Read here Read more