Insurance sold by car dealers can be costly

Published in Mint, on 21st Feb 2017 If you are buying a new car, buying insurance for it is perhaps the last thing on your mind. Plus, the car dealer makes insurance purchase easy by bundling the policy with the deal. But the policy from the dealer can be expensive and you may get a […]

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What is Deductible in Insurance and How Does It Work?

The deductible is a fixed amount applied to insurance contract specifying a monetary limit only after which, the insurer starts to pay the claim. It is a fixed amount and generally applied to health and motor insurance policies. In motor policies, there are two types of deductibles at work: Compulsory Deductible Voluntary Deductible Voluntary deductible […]

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How can you minimize Motor Fleet Insurance Premium?

Fleet operating cost can be huge expense for any organisation. Adding insurance cover may help reduce the maintenance and accidental wear and tear cost of the fleet. Here are some methods which can reduce the premium you will have to pay for such insurance: Claims Records: Know your claims history clearly. Ask your insurer for […]

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Perfect Policy for Transport Business

Handling a large number of vehicles can turn out to be a tough task for any company. Also, regular use and maintenance can be altogether a different business area within the firm. Vehicles are the lifeline of a transport business and managing the damage costs, and downtime of vehicles can be financially draining. To share […]

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Getting under the hood of motor insurance

Published in Mint on Apr 13 2016, Written by Kapil Mehta The most frequent insurance claims in India relate to motor accidents. Over 10,000 motor insurance claims are filed every day; in larger cities there are over 1,000 claims a day. The good news, if you can think of it like that, is that a […]

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Cancellation of motor insurance policy may be expensive

Published in Mint on, Jun 18 2013, Written by Kapil Mehta I met with an accident recently and my knee was fractured. Now I have recuperated. I want to know if ever the need for a knee replacement arises, will it be considered as a pre-existing disease? —Priyanka Singh When you decide to go in […]

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Standard car insurances exclude engine seizure due to water

Published in Mint on 16 February, 2016, Written by Abhishek Bondia I live in Chennai and during the floods last year, I was stuck in the rains in my car. It stopped mid-way in a partially submerged lane and wouldn’t start. When I claimed for the repair, the insurance company refused to pay my claim […]

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Learner’s with valid licence are covered by motor insurance

Published in Mint on Jan 07 2014, Written by Kapil Mehta My daughter, who has a learner’s licence, had an accident recently wherein she drove into a small shop. I want to know that since the car is in my name, will the insurance company compensate the shop owner? —M. Chabbra There are three implicit insurance […]

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