Insurance Related Questions: Health, Motor, Home, Travel & PA Policy
Ans: As well as compensation for injury, other losses which commonly arise from accidents are:
Ans: Read this fantastic blog and learn ways to save on premium of your motor insurance policy. You can also visit the car insurance section of our portal. By providing some basic details you can compare all available motor insurance plans and choose the best auto insurance plan in India as per your requirement. Here is the link to the car insurance section of our portal. https://www.gibl.in/car-insurance/Asked By: | In: Motor Insurance FAQ
Ans: You can read this blog to gain crucial information about car motor insurance renewal online. Our experts will get in touch with you to help you with the process of car insurance renewal online. For any further assistance you can call on our toll free no 1800-258-2584.
You can read this blog to gain crucial information about car motor insurance renewal online. Our experts will get in touch with you to help you with the process of car insurance renewal online. For any further assistance you can call on our toll free no 1800-258-2584.
Ans: Once the motor insurance plan is expired, you cannot opt for car insurance renewal online. However, our representatives will help you avail the policy in the traditional way. For more assistance feel free to call our toll free no 1800-258-2584.
Once the motor insurance plan is expired, you cannot opt for car insurance renewal online. However, our representatives will help you avail the policy in the traditional way. For more assistance feel free to call our toll free no 1800-258-2584.
Ans: First of all you have to choose between comprehensive policy and zero depreciation policy. Zero depreciation covers are more advantageous as they offer 100% coverage but they come with higher premium and there is limit in the number of claims per year as well. Furthermore, zero dep covers are offered to only cars up to 7 years old. So, in case you can't avail Bumper to Bumper cover, comprehensive plan would be your best bet.
Once you choose the right type of car insurance plan, you have to pay attention to aspects like Voluntary excess, IDV and personal coverage while selecting a car insurance policy.
Voluntary excess is also known as voluntary deductibles. Over this amount, car insurers pay the claim. You can reduce the premium by as many as 30% if you opt for voluntary excess and take care of small damages yourself.
You should be aware of the actual IDV of your car at the time of buying car insurance. You should not engage in the practice of reducing IDV for the sake of lower premium. Instead, you should try and choose a policy that offers maximum IDV on your car, even if it the policy comes with a bit higher premium.
Regular comprehensive policies offer personal accident coverage for the owner only. You can also include additional users under the coverage for extra premium.
Ans: “Market Value” means Replacement Value less depreciation. “Reinstatement Value” means the cost of replacing or reinstating on the same site, property of the same kind or type but not superior to or more extensive than the insured property when new.Asked By: | In: Home Insurance
Ans: Cost of construction includes material and labour cost/sq. ft. In a place like Delhi cost of construction varies from Rs800/sq ft. to Rs1200/sq ft. depending on the quality of construction. Home Insurance in India is also quite cheap and hence you won’t have too much trouble while buying it.Asked By: | In: Home Insurance
Ans: Sum Insured for your house excludes the cost of land. Sum Insured is calculated as follows- Covered Area (Sq. ft) * Cost of construction (per sq. ft) = SI for your Building E.g. (400sq ft) * (Rs 700/sq ft) = Rs 280000/-(SI of Building).
Ans: Policy coverage will not be available for someone with pre-existing critical illness. However, you can still share the complete medical history of that person with us to check all the options out. You can call us on our toll-free no 1800-258-2584.Asked By: Surya kumar yadadav | In: Health Insurance FAQ
Ans: Almost all health policies offer cashless facility. To pick the best plan, you can compare all available health insurance policies easily on our portal. Here is the link to the health insurance section of our website. https://www.gibl.in/health-insurance/Asked By: Bhubeneswar Kumar | In: Health Insurance FAQ Asked By: Aditi Chatterjee | In: Health Insurance FAQ
Ans: In addition to the four basic “food groups” of worker’s compensation, general liability, auto insurance and property/casualty coverage, many insurance agents recommend an additional layer of protection called an umbrella policy.Asked By: | In: Corporate Insurance Asked By: | In: Corporate Insurance
Ans: It’s every businessperson’s worst nightmare–a serious accident or long-term illness that can lay you up for months, or even longer. Disability insurance, sometimes called “income insurance,” can guarantee a fixed amount of income–usually 60 percent of your average earned income–while you’re receiving treatment or are recuperating and unable to work. In case of a death in the company, including your own, you should consider life insurance.Asked By: | In: Corporate Insurance
Ans: When a hurricane or earthquake puts your business out of commission for days–or months–your property insurance has got it covered. Many entrepreneurs neglect to consider this important type of coverage, which can provide enough to meet your overhead and other expenses during the time your business is out of commission.