Policies, Codes & Other Documents
Travel insurance is a type of insurance policy that covers the risks associated with traveling. It can cover up the costs of trip cancellation, baggage loss, medical expenses, and other losses. It can be for losses during domestic or international trips.
Travel insurance, as the name suggests, is an insurance product that is a kind of General Insurance Policy. It is useful for protection against unforeseen damage during traveling and associated financial costs. It is a beneficial plan for those traveling domestically or abroad, especially for those who are frequent travelers. Travel insurance covers the following losses:
Things To Remember
One should check the travel insurance policy to ensure what costs are covered. At times, there may be coverage for more risks than those mentioned above. Many travel insurance plans offer additional risk coverage with add-on premium payments. Some travel insurance schemes are specific to the traveler or to the destination place one is traveling to.
There are certain cases when the policies do not provide coverage, often termed as ‘exclusions’. Some of these exclusions can be as mentioned below:
Apart from the several costs that such travel protection plans cover, as mentioned above, there are some major benefits that they provide. These are:
The above-mentioned benefits are the major coverages that the travel insurers provide to the policyholders. However, these are subject to the terms and conditions of each policy of the insurer. So, check the T&Cs thoroughly.
Note* The features above may or may not reflect in the plans sourced by our corporate agents. Please check our plans and their features to know more.
Home insurance is an insurance policy that covers the costs and damage to your home or any insured property. It is a form of property insurance and one of the several types of general insurance products.
Home Insurance – Coverage & Exclusions
Home insurance is also called homeowner’s insurance. It safeguards your bungalow/apartment/rented flat/owned house/built home against potential risks. It covers the costs of damages due to any unfortunate event. Home insurance can be claimed for damage due to the following causes:
The home insurance policy covers various kinds of damage. For example, damaged electric lines/wires, water pipelines, or structure damage. It also provides coverage for broken windows/doors/floors/walls. Not only the house but also covers for the loss and damage to the contents of the house. It can be broadly divided into four kinds of costs on the insured property as below:
Home insurance policies may differ in what coverage they provide depending on certain factors. It varies according to the residence type (rented/owned) and size of the residence. Other characteristics like age, place of residence, replacement value, and location as well as the cost of belongings also matter. Your claim history or crime rate in the area can also matter. Finally, it depends on you what kind of coverage you choose. It is your choice about the amount of premium and deductible you are ready to pay. The deductible is the amount you have to pay before making the claim if the premium amount falls short of. When the deductible is high, the premium is less and vice-versa.
Although home insurance covers both natural and man-made causes, there are few accidents that go uncovered. For instance, there is no coverage for intentional damages, damages due to neglect, war situations, or ‘Acts of God’. These count as exclusions. Listing a few of them below:
You should have a home insurance policy because it covers the financial loss. You may also have to bear the damage to property and its belongings under conditions not controlled by you. The benefits of a home insurance policy are:
Note* The features/benefits above may or may not reflect in the plans sourced by our corporate agents. Please check our plans and their features to know more.
Suppose a television set is insured and is damaged/stolen due to robbery. The insurance amount will be the coverage of the cost of the TV based on its reduced value at the time of the claim
Replacement value coverage means it will cover the actual cost of the damaged property or an item. It will provide the insurance amount to replace it
Let’s assume the damaged/lost television set is 3 years old and coverage is as per its replacement value. Then, one can claim the insurance amount as the cost of the TV set at the time of its purchase. The insurer shall cover the cost of buying/replacing with a new TV set of similar quality in place of the lost/damaged one
It is a very simple process
After browsing the variety of plans, one just needs to select their desired plans and fill the form providing basic details
After selecting their desired plan and submitting the basic details, the customer would receive an OTP on their mobile device for verification purpose.
Post which, our team would get in touch with them to help purchase their desired plan
Policies, Codes & Other Documents
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