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 […]

Read More

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 […]

Read More