IRDA has revised the Motor Third Party Premium w.e.f 01.04.2016 and thereafter all the policies commencing on or after 31th midnight (12’00 clock) will have these Third Party rates. 1. Class of Vehicle – Private Car Premium in Rs. a) Not exceeding 1000cc 2055 b) Exceeding 1000 cc[…]
1. Composition: 1.1 Employees only: The welfare and well being of the employees definitely affects the work atmosphere. It is the basic necessity to nsure employees for medical emergency for a start up organization or an organization of a limited size. Covering only employees is a very cost effective mode of passing on the benefits to them. Recommended where[…]
Increase in STFI premium: STFI i.e. storm, tempest, flood, inundation cover premium rates in Standard Fire & special perils policies have been increased w.e.f. 1st March, 2016 by 50% to 140%: Premium rating of STFI and Earthquake perils under Fire, Fire Loss of Profit, Industrial All Risk, Annual Engineering and Project policies was reviewed last time in 2012 and[…]
Perils Covered under Standard insurance policy Every business has their specific set of requirements. There are a range of business products especially designed to meet the business needs across various commercial range. So it is pivotal to get adequate insurance and let’s business & individuals proactively to mitigate risks. Fire insurance is must for all[…]
WHAT is an ADD- ON cover? Motor Insurance Add-on provides additional covers on payment of additional nominal premium, in the vehicle insurance policy, which is otherwise not covered. While insurance is thought as a recurring annual expenditure by some, but sometimes having standard comprehensive car insurance is not sufficient enough hence various add-on are increasingly becoming necessary extension[…]