What About Motor Insurance Claim if there is an Outstanding of the Loan?

What About Motor Insurance Claim if there is an Outstanding of the Loan
What about motor insurance claims if there is hypothecation on your vehicle? A car loan or two-wheeler loan is a secured loan. In this case lender pay the fund to purchase the vehicle. That’s why the vehicle is hypothecated by the bank or financial institution from where you take the loan. Because technically...

A Brief Introduction of Motor Insurance in India: Benefits of Motor Insurance

About motor insurance in india
Motor Insurance is a very important product and we should know about it. Either you or me both are having risk while driving any motor vehicle on the road. Nobody is 100% safe on the road. However, you can reduce the risk by safe driving. Our life is full of uncertainties and accidents...

What is Floater Motor Insurance Policy in India? How it Works

Floater motor insurance
Suppose you have three cars and you are running motor insurance for all of these. The date of the renewal of all the cars is different. In this case, you may have to remember all the dates and you have to manage time for their renewals on time. Will it be good if you get one floater...

What Safety Precautions You Should Take While Using Ola or Uber Cab?

Safety precaution while using Ola and Uber
I have used a cab many times in Delhi. In my experience, there are many things which we need to take care of. On the basis of my observation, news, and other's experience also, I can say that lot of safety precautions we need to take care of while using ola or Uber cab . Especially for...

How to Become Successful Motor Insurance Agent in India: Step By Step Guide

how to become successful motor insurance agent
Indian insurance industry is growing day by day and it has a good growth rate. Insurance business in India is divided into two parts. First is Life Insurance and Second is Non-Life Insurance. Motor Insurance Agent comes in the category of Non-Life Insurance. Non-Life Insurance is also known as General Insurance. The motor...

How to Cancel Motor Insurance Policy in India? Is it Possible to Get Refund

How to cancel motor insurance policy
If you want to cancel the motor insurance policy then you can do it on some conditions. But you should think double before cancellation of your two-wheeler or private car insurance policy. Having a motor insurance policy in India is a must. You can't drive motor vehicles on Indian roads without valid insurance. If...

What is Insured’s Declared Value (IDV) in Motor Insurance? You Should Know

What is Insured Declared Value (IDV)
If you have a comprehensive motor insurance policy then you must be aware of Insured's Declared Value (IDV). It is the maximum sum assured of your vehicle in your motor insurance policy. This is the maximum value that your insurer will pay in case of theft or total loss. Normally, IDV is fixed...

What is an Endorsement in Motor Insurance: Types & Process

Endorsement
You should be aware that each and every detail in your motor insurance policy should be correct also. If you have any incorrect details in your policy then your claim may be delayed or rejected. To make any correction or changes you should do endorsement in motor insurance policy. Suppose someone has added a...

List of Motor Insurance Companies in India: Car Insurance

List of motor insurance companies
It is very important that you purchase the best insurance policy for your car because you don’t want any kind of stress at the time of claim settlement. Here are brief details of some top motor insurance companies operating in India. It may help you to understand about the companies. If you have...