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If the no claim bonus is due, generally the new insurer will pass the same benefit to you

If there is a claim during the policy period the sum insured is reduced to the extent of the claim amount

No claim bonus is given to the policyholders by the insurers as a reward for not making a claim under the policy

As per an IRDA regulation, the insurer is required to settle a claim within 30 days of receipt of all the documents

In the event of a claim all policies contribute to the loss in proportion to the sum insured

The new motor vehicle bill passed by the Lok Sabha will expedite claim settlement process

According to the IRDAI, when filing a claim as a third party, it is important to identify the offending vehicle

You can make a representation to the insurer for reconsideration of the claim

In such cases, the policy will vest in the deceased’s estate and the claim is paid to the heirs

You can claim deduction from total income in respect of contributions to any PPF belonging to self, spouse or child

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