There are host of policies one needs to manage. These include property, business continuation, health, and life.
First, we need to have premiums for catastrophe events, like what they have in the developed countries. Although fire insurance covers accidents and floods, earthquake cover is optional.
K G Krishnamoorthy Rao, managing director and CEO, Future Generali India Insurance, answers insurance queries.
Have a question about insurance?
'It is important to ensure that the person driving the car has a valid driving licence, is in a stable mental condition and is not under any heavy medication or influence of alcohol,' says K G Krishnamoorthy Rao, MD and CEO, Future Generali India Insurance.
First-time buyers advised to take offline route, so are those looking for specific feature or higher cover.
Irdai's push will make insurance cheaper for consumers and enable a consolidated view of all policies.
The biggest surprise for customers, at the time of claiming, is the fact that they will get only depreciated value of the product.
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