Blogs

Importance of lifetime renewability clause

Until recently, most insurance companies had a cap of 65-70 years of age for health insurance. As per the revised guidelines of the IRDAI, all health insurance policies are to feature lifetime renewability.As a mandate, insurers must increase the entry age up to 65 years for renewing a health insurance...

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Importance of Air Ambulance Cover

Time is of utmost importance when it comes to medical emergency. Connectivity concerns can create dire consequences. The first few minutes after injury can immensely increase chances of survival. Air ambulance can increase the survival chances of critical cases. Traffic congestion in our cities makes it difficult for patients to...

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Put to Use

The period of cover in a Project insurance policy (Contractors’ all risk or Erection all risks) begins with the unloading of the first project material at the site or beginning of construction (which ever is earlier). It ends with first test operation of the machinery but this is further limited...

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Information required for a Specific Marine Policy

The reason this above question needs to be asked is- there is no standardized proposal form for transit insurance. To get the correct answer, we need to answer two questions: A. What is the end use of this information B. Who is going to use this data and for what purpose The answer to...

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Need of Professional Indemnity Policy

Professional indemnity insurance is a branch of liability insurance which covers the potential liability of a service provider caused by an error or omission in his professional conduct. Use of the phrase error & omission indicates that both action/inaction (i.e. doing something which was unwanted; as well as not doing...

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