Yes, having car insurance is mandatory by law in many countries to ensure coverage for damages and liabilities in case of accidents. It provides financial protection to vehicle owners and third parties involved in accidents.

A car insurance policy covers damages from accidents, theft, natural disasters, vandalism, and fire. It also includes liability coverage for injuries or damages caused to third parties.

Insured Declared Value (IDV) is the highest amount an insurer will pay if your car is stolen or totaled, reflecting its market value after depreciation.

A No Claim Bonus (NCB) is a discount on your premium for each year you don’t make a claim, rewarding safe driving.

Engine protection covers the cost of repairing or replacing your car’s engine due to damage from water ingress or oil leakage.

A No Claim Bonus (NCB) is a discount offered by insurers for not filing any claims during your policy period, reducing your renewal premium.

Yes, Two-wheeler Insurance can be transferred to the new owner upon selling the vehicle, requiring the new owner to initiate the process with the insurer.

No, a No Claim Bonus (NCB) cannot be availed if your insurance policy has expired; it applies only when renewing without any claims in the previous term.

If your Two-wheeler Insurance policy expires, your vehicle loses coverage, necessitating prompt renewal to avoid legal and financial risks while driving.

A family floater plan in health insurance covers the entire family under a single sum insured, allowing flexibility in utilizing the coverage among family members.

Riders in health insurance policies are additional benefits or coverage options that can be added to a base health insurance plan, such as critical illness cover or maternity benefits.

Pre-existing diseases refer to medical conditions or illnesses that a person already has before purchasing a health insurance policy.

A Health (TPA) Card is a card issued by Third Party Administrators (TPAs) to policyholders, enabling cashless hospitalization and facilitating claims processing under health insurance policies.

Life insurance provides financial security for your family if you can’t work or pass away unexpectedly.

It’s not mandatory, but it’s wise if you have a spouse and children who depend on your income.

No, you can’t claim tax benefits if you stop paying premiums.

Costs vary based on the type of policy, coverage amount, age, health, and benefits.

You can pay premiums monthly, quarterly, half-yearly, or yearly.

Some policies allow extensions, typically once or twice. Check your policy details for specifics.

A TPA manages claims on behalf of insurance companies for policyholders

No, travel insurance must be purchased before departure.

Yes, as long as they have an active passport and intend to return to India.

Yes, but there’s often a limit. Additional coverage may be needed for higher-value items.

Yes, liability coverage includes accidents that occur on your property.

It’s the amount you pay out of pocket before your insurance starts covering costs. Opting for a higher deductible can lower your premiums.

It’s the start date of your policy. Make sure your coverage doesn’t lapse.

Yes, up to the limits specified in your policy, it covers damage and theft resulting from a break-in.