Public general insurance companies to collaborate for speedy settlement of claims
If you are diagnosed with a critical disease, then its treatment would be very expensive and may require intensive care and hospitalisation which your comprehensive insurance plan may not cover. In such type of cases you have to pay the cost of the whole treatment.
Don't panic if your car is stolen because your insurer is liable to pay the full amount as compensation, but you need to keep in mind that your claim should be genuine because most of the insurers try to avoid such claims, says Harjot Singh Narula
Apart from rail mishaps, the coverage would take care of terrorist attacks and accidental fall of a passenger from a train and normal accidents, riots, robbery and dacoity
Customers should be fully aware of what their policy covers and should follow claim procedures meticulously, says Sanjay Kumar Singh.
Online policies are cheap because there is no agent's fee involved, other administrative costs of the insurance company are lower and, most importantly, these use the latest statistics for calculating premia.
Cyber crimes caused by the insured's employees also get covered under the policy but would exclude the actual perpetrator.
As monsoon picks up, be ready to drive through water-logged areas and mushy roads. Since motor accidents typically see a rise during rains, motor claims also move up.
Bharti will move FIPB soon for increasing Axa's stake to 49%
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
After the policy gets paid up, opt for ETI plan if you wish to extend your life cover or take the reduced paid-up if you need cash in hand
I would advise at least a 7 year investment time frame for Equity Investing
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
The industry's reactions to the Budget have been mixed.
