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Q If I am using the car in a particular city, what premium rate is applied?
User in: Delhi, Delhi, Posted on:2015-10-10
A For the purpose of applying premium rate, the place where the vehicle is registered is reckoned (not the place where the vehicle is used). If your vehicle is registered in Chennai, the rate applicable... full answer
Answered by: BankerBhai (10 years ago) -
1  441 views
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Q What is the procedure for recording any changes in the policy?
User in: Delhi, Delhi, Posted on:2015-05-10
A If there are any changes in the policy like change of address or modifications to the vehicle or its use, it will be done by an Endorsement by the insurance company. Submit a letter to the insurer wit... full answer
Answered by: BankerBhai (10 years ago) -
1  392 views
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Q What is "No Claim Bonus"?
User in: Delhi, Delhi, Posted on:2015-09-20
A No Claim Bonus (NCB) is the benefit accrued to an insured for not making any claims during the previous policy period. full answer
Answered by: BankerBhai (10 years ago) -
1  222 views
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Q What is Deductible?
User in: Delhi, Delhi, Posted on:2015-07-13
A When monetary loss is borne by the insured, it is called deductible. full answer
Answered by: BankerBhai (10 years ago) -
1  487 views
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Q When both parties have comprehensive covers, can Subrogation be requested ?
User in: Delhi, Delhi, Posted on:2015-07-13
A Unless it is a case of death or disability even if both parties have comprehensive insurance, your insurer will not help you file a claim against another insurer . full answer
Answered by: BankerBhai (10 years ago) -
1  361 views
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Q When can the Subrogation be requested from the Insurer?
User in: Delhi, Delhi, Posted on:2015-11-07
A Subrogation by definition means the Insurer taking your rights on the property insured post settlement of claim by them. Once the claim has been settled by the insurer, they get a declaration vide whi... full answer
Answered by: Puneet Chandra (10 years ago) -
2  574 views
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Q What is Subrogation ?
User in: Delhi, Delhi, Posted on:2015-11-07
A It is the substitution of one person or group by another in respect of a debt or insurance claim, accompanied by the transfer of any associated rights and duties. full answer
Answered by: BankerBhai (10 years ago) -
1  350 views
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Q Can the case be filled with the civil court?
User in: Delhi, Delhi, Posted on:2015-10-07
A No, the civil court can not decide on the case. full answer
Answered by: BankerBhai (10 years ago) -
1  394 views
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Q Where the case will be heared and decided?
User in: Delhi, Delhi, Posted on:2015-10-07
A The case has to be either filed in the tribunal with jurisdiction over the area where the accident occurred or with the tribunal with jurisdiction over the area where the claimant or the defendant res... full answer
Answered by: BankerBhai (10 years ago) -
1  368 views
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Q What does Own Damage Cover's ?
User in: Delhi, Delhi, Posted on:2015-10-07
A The 'own damages' and 'personal accident' insurance components are to cover your losses i.e. damage to your car or personal injuries, disability and death, respectively. full answer
Answered by: BankerBhai (10 years ago) -
1  392 views
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