Remarks:

1.  PAN Card Compulsory for Rs. 40,000/- & above
2. 0.25% extra for Senor Citizen & Share Holders.

Contct us for Dewan Housing Finance Fixed Deposits.

• 1
• 2
• 3

Here is Some of My Favourite Websites/ Blogs Business  Free Link Directory from Ahmedabad Local for any Insurance, Investment and Financial Related Company. This Directory is help you to Find the Best Business Company in our field or find here . Also search here some informative website/ web pages to related us. Only >PR3 Sites are Approved by our SEO Expert Admin.

• www.ayurvedicdiary.com
• www.patelcourier.in
• www.avdhootinsurance.com 
• www.maulu.wordpress.com

Before entering to technical part of the subject we wish you to know the concept of insurance clearly; to identify the proper type of policy; to know the premium structure of the policy and to get the doubts, if any, on our different insurance plans clarified through your agent or LIC Branch Office.

Concept of insurance and different types of plans:

Life risk cover i.e. financial protection to the family in case of an unforeseen event- say death, illness, disability on account of accident, etc –is the main purpose of insurance. But, it is also seen as a ‘compulsory savings’ leading to creation of wealth which can be utilized for education/marriage of children; for old age provision; for construction of house; etc. Policies are taken to get exemption from Income Tax and to assign these to financial institutions as collateral security while availing different type of credit facilities including housing loan. In order to meet various socio-economic needs of different people, LIC has designed more than 40 types of plans which include whole life policies, endowment policies with a definite term, joint life policies, money back policies having provision for periodical lump sum payments called survival benefits, term insurance policies which have low premium but high risk cover, pension plans, children plans, Unit Linked Plans which provide an opportunity to invest in capital market, etc. etc.

Each of our plans has distinct features covering certain type of benefits. The selection depends on your needs. Details of plans are available under the option ‘products-insurance plans’. Each plan is given a table number for identification purpose. e.g. Table 14 refers to Endowment Plan which is most popular in India.

Calculations of premium:

Once short listing of two to three plans is made, you would proceed to know the premium rates & calculations. For this, you should decide the term of policy, Sum assured, Mode of payment of Premium ( Yearly, Half yearly, Quarterly or Monthly ) and whether you require additional benefits like accident benefit. You may go to the option :‘tools – premium calculator’ for knowing the premium amount to be paid for the policy of your choice. Thereafter, you would be required to know the formalities to be completed for obtaining the desired type of policy.

Requirements to take a policy of insurance:

Submission of prescribed proposal form ( Form No. 300 in majority of the cases )is the basic requirement. Medical report may be required to assess the health of the proposer. Proofs of age and income, agent’s recommendations, special reports in case of any deformity or history of major illness, etc. would be required to evaluate the risk. This process is called ‘Underwriting’ and it is done in India based on the facts appearing in proposal form and allied papers. If the proposed life is acceptable and sufficient amount is received towards the First Premium, acceptance letter would be sent to the proposer and policy bond would be issued in due course.

By this time, you might have felt that matter is rather technical and assistance/guidance of an agent is quite essential. Yes, that is why we strongly recommend to seek help of an agent from India who can guide and assist you. You may seek help of any Divisional/Branch Office of LIC whose addresses you can find from the option: ‘locator’ appearing on main page. Now , let us enter in to the subject with more details.

NON-RESIDENT INDIAN:

A non-resident Indian is a citizen of India temporarily residing in the country of his/her present residence and holding a valid passport issued by the Government of India.

NRI should not be a green card holder. He/She should not have applied for or planning to apply in the near future for acquiring citizenship of his /her present country of residence or any other country.

It is clarified that People of Indian Origin having foreign nationality and residing in foreign countries (PIO) are not considered as NRIs for the purpose of allowing insurance. Rules applicable to PIOs are given in the last paragraph.

Policies are issued in Indian Rupees only. Our Branches and Joint Venture Companies ( refer to option ; ‘Associates’ on main page for details ) issue policies in their local currencies. e.g. Our U.K. Branch issues policies in Sterling Pound currency.

NRIs are allowed insurance on their visit to India where all formalities are completed during their stay in India. In such cases they would be treated on par with Indian Lives for the purpose of allowing insurance.

NRIs may also obtain insurance cover from their present country of residence where all formalities are completed in their present country of residence and this process is called ‘Mail Order Business’.

Minimum Sum Assured allowed would be Rs. 2 lakhs and maximum would depend on conditions of insurability. However, under mail order business, maximum sum assured would be limited to Rs. One Crore only.

Personal Financial Questionnaire (PFQ) and /or Proof of income in the form of income tax returns, copy of employment contract where emoluments are mentioned, Certificate from Chartered Accountant, etc. would be required if the sum assured is high or if the proposal is submitted through Mail Order Business.

All types of plans are allowed subject to the conditions that

Critical Illness Benefit is not granted.

Term Rider Benefit would be restricted to certain limit of Sum assured

Sum Assured would be restricted in respect of term insurance plans.

NRIs may obtain insurance cover under our Non-Medical (Special) scheme subject to certain restrictions, some of which are listed below:

Applicable if insurance is obtained during visit to India or through Mail Order Business when LIC Agents visits the country of residence of NRI for completing the necessary formalities.

• Maximum age at entry would be 45 years
• Plans with high risk cover and term rider benefits would not be allowed.
• The proposer should be employed in Government or reputed commercial firm or should be a professional such as Chartered Accountant, Doctor, Teacher, Lawyer, Accountant, Engineer, etc.

Rules regarding insurance under medical scheme through ‘Mail Order Business’ are given in Annexure-I at the end of this write up.

The rules regarding granting insurance cover to NRIs during their visit to India would be similar to those applicable to Indian Lives. Help of a local agent/ development officer / branch office of LIC may be obtained. Addresses of our Offices can be obtained from the option : ‘locator’. 

The main papers required to obtain insurance cover would be

Prescribed proposal form depending on the type of policy selected.

NRI Questionnaire. (Annexure-II)

Medical Report (not applicable if the proposal is under non-medical scheme)

Special questionnaire (if proposal is under ‘Mail Order Business’ and if the agent does not visit the country of residence of proposer)- Annexure-III

Special Medical Reports, if called for.

Attested copy of Passport.

Proof of age and income.

Initial Deposit equivalent to Installment Premium under the proposed plan of insurance.

A reference may please be made to Annexure-V for details such as Residence Extra and other restrictive conditions. 

People of Indian Origin having Foreign Nationality and residing in Foreign Countries.

Proposal would be under medical scheme only.

Policy in Indian Currency would be issued, only during their stay in India.

Report by designated LIC agents is compulsory.

Claim would be paid in India in Indian Currency only.

Maximum sum assured would be Rs. 50 lakhs and high risk plans and joint life plans are not allowed.

Please refer to Annexure-V for details such as residence extra and other restrictive conditions. 

Other points:
Existing policies taken while in India will continue in Indian Currency even after your moving to foreign countries as NRI. Please keep the concerned servicing branch of LIC informed about your new status i.e. NRI and your new address. Please submit to them NRI questionnaire form duly filled and signed. (See Annexure-II). You may continue to pay premiums through various approved channels to LIC.

To know more about housing loan schemes of LIC Housing Finance Ltd. and investment opportunities through LIC Mutual Fund, please click ‘Associates’ appearing at bottom of main page of our website.

ANNEXURES: Annexure – I
Annexure – II
Annexure – III
Annexure – IV
Annexure – V

FAQs About Premium Collections Received Through Net-Banking Click Here.

We have taken maximum care to see that all important rules or guide lines are provided
here with up to date amendments, if any. However, there would periodical and
continuous review of the rules/guidelines depending on several factors. As such, we
request you to contact nearest LIC Office for still more and latest information.

There is no substitute to LIFE INSURANCE. Life Insurance is a subject matter of solicitation.

An important feature of this type of policies is that in the event of death at any time within the policy term, the death claim comprises full sum assured without deducting any of the survival benefit amounts, which have already been paid. Similarly, the bonus is also calculated on the full sum assured.

What does the Overseas Travel Insurance policy cover?
• It covers for medical expenses which also includes cashless facility • It covers for any loss or delay of baggage. • It covers for the loss of passport. • It covers transportation of mortal remains • It covers personal accident. • In addition to hospital expenses it covers hospital cash i.e. daily allowance. • It also covers personal liability • It also covers any other kind of financial emergency due to robbery or theft abroad.

Is there any Medical check-up required for taking the travel insurance policy?
There is no Medical check-up required to take travel insurance policy. But a completed and signed Medical Declaration from the Insured is required as a pre-requisite cover regarding his recent health conditions.

When does the cover begin?
The cover begins on the day specified in the policy schedule or the time you board the conveyance when you leave for overseas journey or the contracted departure date as per the policy, whichever is later

What determines the premium?
Premium is determined by the following factors: • Number of days for which you have arranged your trip • The country you are visiting • Age of the person who is traveling

What is the need of Student overseas travel insurance?
During the time of crises when you are far away from home Student overseas travel insurance policy helps and ensures that your stay and study go smoothly in a foreign land.

How will I benefit if I buy the student overseas policy from India?
Buying a policy from India will cost much less of what you would have to pay if you buy it from an international insurance company because the premium is payable in rupees.

What point do I need to keep in mind while buying the policy?
You must go through the Policy Wordings completely and its exclusions before buying the policy.

How will you cover me if my baggage is lost?
If you loose your baggage, then you will be compensated for the lost items against their market value.

What if my baggage is delayed but not lost then how will you cover that?
You will be given the compensation for emergency items like medicines, clothing and toiletries if your baggage is delayed for more than 12 hours.

Will I get a duplicate passport if it is lost?
Yes, the Expenses incurred towards the procurement of a duplicate / temporary passport are covered under the policy.
If I go abroad particularly to get medical treatment, am I supposed to be reimbursed for the same?
The policy doesn’t cover for the planned Medical Expenses; the insurance has coverage only for accidentss or sickness which happen suddenly when you are traveling abroad.

Do I get the money back if there is no claim?
No, the money is not refunded in case there is no claim.

Ask to our experts for purchase/ buy insurance. We offers affordable cheaper premium rates. U may compare with Oriental ICICI Lomabard Bajaj Allianz General Insurance Compnay others submitt your business querry apply online here.

What is Mediclaim Policy and what does it cover?
The policy provides for reimbursement of hospitalization/ domiciliary hospitalization expenses for illness/diseases suffered or accidental injuries sustained by the insured during the policy period.

Does Mediclaim cover any expenses besides hospitalization costs?
Mediclaim covers pre-hospitalisation (30 days) and post-hospitalisation (60days) expenses also if they are connected with the sickness / accident for which the hospitalisation takes place.

What is considered as “domiciliary hospitalization” under Mediclaim?
It is that condition of the patient in which he cannot be moved to the hospital or if there is no bed available in any of the hospitals, then the treatment is taken at home and if it is given like the treatment given at the hospital, then in such situation, it is reimbursable.

What is a Cashless Facility?
Cashless Facility is a service wherein the insured can get admitted and can settle all hospitalization expenses at the time of discharge from hospital. The settlement is done directly by the insurance company, that’s why it’s a cashless facility where you are provided with the claim there and then at the time of settling the bills, the hospital directly contacts with the insurance company and settle the claim.

What is a Health Card?
A Health Card is that card which comes along with the policy which would entitle you to get cashless claim at any of the company’s network hospitals.

Am I entitled for cover immediately after I take my policy?
For the first 30 days after your policy is activated, you would not be entitled for any cover for sickness but you can avail of accidental cover immediately.

Do I have to undergo medical Check up while taking health insurance policy?
Medical tests is required after 45 years of age.

Is a Medical check up again required at the time of renewal of the policy?
No, the medical check up has to be taken only once, during the inception of taking a policy and only if you are 46 years of age or above.

What is the Critical Illness policy? And what does it cover?
It is that policy which covers Illness; it is complimentary to a mediclaim policy, being an additional policy which can be taken along with Mediclaim. The Critical Illness policy covers five major illnesses • Cancer.
• Kidney failure.
• Organ transplant.
• Multiple sclerosis and.
• Coronary artery surgery (20 percent of Sum Insured)

When does the Critical Illness policy cover all the five illnesses?
As long as the policyholder was not suffering from any of the illnesses, the pre-existing illness exclusion applies to the Critical Illness policy also.

What is a Floater Policy?
A floater Policy is issued with a single sum insured covering number of individuals. The family is covered for a fixed amount and anyone in the family can avail of the benefit till the limit is exhausted. In short, it is one single policy which takes care of the hospitalization expenses of your entire family.

Do I get a No Claim Bonus under my health insurance if I do not make a claim?
Yes, some plans offer a discount in premium. Others offer an increase in your benefit amount for every claim-free year.

What are the benefits of renewing my health insurance policy?
There should be continuous renewal of the policies. If there is a break in insurance, the insured would lose the benefits of insurance in the event of any contingency. You will be prevented from the benefits of No claim Bonus in a claim free year. Moreover you will not be covered for Pre-existing diseases.

Why should I take Individual health plan or a Family Floater plan if I already have health insurance from my employer?
You are covered with the health insurance policy as long as you are in the employer’s services. If tomorrow, you change your job, then you and your family will be barred of any medical emergency arises when you have not arranged for an alternative health insurance policy. It is at this point of time that an Individual or Family Floater Health Insurance policy will come to your rescue.

Ask to our experts for purchase/ buy insurance. We offers affordable cheaper mediclaim/ health insurance premium rates. U may compare Oriental Insurance ICICI Lombard Genral Insurance with others submitt your business querry online here…

What is the difference between an Agent and a Broker?
» An agent is the representative of Insurance Company whereas a broker is the representative of the consumer or the policyholder.
» An agent could be a paid employee of the Insurance Company or could be an independent businessman.

What should I look for in an agent?
» Agents are there to help you.
» At the most basic level, any agent should be able to:
a) answer your questions about insurance.
b) provide you with a thorough assessment of your insurance needs.
c) offer you a choice of insurance products to meet those needs.
» Also, your insurance agency should provide you with prompt, quality service in the case of a claim.
» Just as important is the level of professional confidence and personal comfort you feel with the agent.
» Many people stick with the same insurance agent for decades, even generations.
» It helps to find an agent you can get to know and trust

Is it necessary to buy insurance through an agent?
» You can buy many insurance products without help from an agent.
» Typically potential policyholders will be contacted by mail, or they can call a toll-free number to apply for a product.
» The advantage of this type of distributionide?
In general an insurance broker would: system is that expenses are usually much lower because there are no agent commissions to be paid.
» These savings can be passed onto the consumer through lower premiums.
» The main disadvantage is that the policyholder does not receive as much, or sometimes any, personal service either when buying a product or filing a claim.  

What services does a broker prov
» Provide pre sales and after sales service to customers
» Provide relevant information to the underwriters for risk assessment and ascertain the premium
» Structure product and design covers that meet the specific requirements of customers
» Recommend risk improvement and loss minimization measures
» Provide a collection of Premiums
» Provide risk management and insurance education.

What factors affect the cost of Insurance?
The factors that can affect the cost of insurance include:
» The likelihood of a loss occurring —The greater the probability a loss will occur the higher the rate. E.g. Floods Insurance in parts of North-east India.
» Purchase of a large amount of coverage (that is, if the item you are insuring is quite valuable) — The chances are there could be a large claim and the premium will need to cover that possibility.

What is Underwriting?
Underwriting of a risk involves the consideration of material facts on the basis of which a decision will be taken whether to accept the risk and if so, at what rate of premium.

What is Reinsurance?
Insurance companies practice the fundamental principle of spreading their risk too. Further reinsuring the risks that the insurance company has insured does this.

Who do you file your claim with?
You file a claim with the insurance company that issued your policy. In case of policies received on account of your employment you may have to file claims through the HR administrator.

How to file a claim?
» Most companies offer a call centre facility.
» Alternatively, you can:
a) contact your agent
b) write to your insurance company intimating the claim.
» There is usually a claim form that needs to be filled. This can be:
a) downloaded from the insurance company’s website.
b) be obtained by visiting the insurance company’s office.
c) provided to you by your agent.

What are the things to be taken care of while filing a claim?
Be thorough and exact when reporting damage and always tell the truth. Withholding vital information or exaggerating the facts can, not only lessen your chances of the claim being settled to your satisfaction, but also may be considered a crime. (Insurance fraud costs consumers crores of rupees a year.

What happens after a claim has been filed?
» Once your claim has been filed, the insurance company will assign a surveyor.
» He or she is charged with investigating your claim and then making a recommendation to the insurance company.
» The recommendation can be to accept the claim and pay the full amount requested, accept part of the claim and make partial payment, or refuse the claim and make no payment.
» The insurance company will then make a decision regarding your claim and notify you of its final decision. The amount of compensation offered can vary according to the surveyor’s analysis.

What impact does a deductible have while settling a claim?
» If you have no deductible, the company will pay 100% on a covered loss.
» To understand how a deductible works, consider the following: If the deductible on your motor insurance is Rs. 1000 it means you agree to pay this amount first, and your insurance company will pay for damages exceeding this deductible.
» By increasing your deductible from Rs. 1000 to Rs. 2500 or even Rs. 3500 this decreases the insurance company’s risk. This could mean a savings in your premium.

Who keeps an eye on the Insurance companies?
» Insurance is a heavily regulated industry.
» The Insurance Regulatory and Development Authority controls insurance regulations in India. In addition to approving rates, the regulatory body is involved in all insurance matters on behalf of private citizens and businesses.
» It issues operating licenses to insurers and agents, based on among other things:
a) ability to meet the requirements for conduct
b) knowledge about insurance issues.

Ask to our experts for purchase/ buy insurance. We offers Oriental Insurance ICICI Lombard affordable lower cheaper premium rates. U may compare premium with others submitt your business querry online here

What is Third party insurance cover ?
Third party insurance covers you against death or injury (caused by your vehicle) to pedestrians, passengers and pillion riders, occupants of other vehicles, and outsiders other than passengers. In case of commercial passenger vehicles, it insures owners against death or injury caused to the passengers by their vehicle.

What is Comprehensive insurance cover ?
Besides covering the entire set of benefits of the Third party option, Comprehensive insurance also covers any loss or damage caused to the vehicle due to accident, fire, explosion, self-ignition, lighting, burglary house breaking, theft, riots and strikes, earthquakes, flood, type cop hurricane, storm, cyclones, malicious acts and terrorism. It also covers the cost incurred in towing the vehicle in case of an accident.

What is the significance of a certificate of Insurance?
The Certificate of Insurance issued by the insurers in relation to every vehicle is the only evidence acceptable to the police authorities to show that valid insurance exists.
If a Policy is not renewed on or before the expiry date, the Certificate of Insurance in respect of new Insurance will be effective only from the date of New Insurance. For every renewal, a fresh certificate must be obtained. If there is any alternation in the risk during the currency of the insurance, the old certificate should be surrendered and a fresh one to be obtained.

What if I don’t receive my Insurance certificate right away?
In case you do not receive your Insurance certificate right away, you will be given a cover note. This is a temporary Insurance document establishing proof of Insurance. A cover note is valid for 60 days from the date of its issuance and is replaced by an Insurance policy.

How is the premium calculated?
It’s based on the cubic capacity of your vehicle’s engine, its age, place of registration and value of the motor vehicle. For extended coverage to include Personal Accident, accessories, etc. – you may have to pay an additional premium. The premium is also subject to certain deductions including No Claim Bonus, Automobile Association and Anti-theft Device discounts.

How can one get discounts in premium ?
A discount is offered if:
• The insured is prepared to bear a fixed amount in respect of every claim for damages to the vehicle.
• There are no claims made against the policy during the relevant previous year.
• A discount is typically allowed if the insured is a member of a recognised Automobile Association (the amount of discount will not exceed Rs.100/- for private cars)

What is No Claim Bonus?
It’s a discount one gets while renewing the motor policy after a claim-free year.It can build into a substantial discount over a 3-4 year period, and is an incentive for driving carefully and avoiding accidents. Also you benefit from the No Claim Bonus as long as you do not make a claim under your Insurance policy.

What is Bonus/ Malus system?
In case of any accident occurring in a year for which a claim is lodged on insurance company, in the very next year, the insurance company loads the premium by way of charging a malus- a percentage of extra premium. Whereas when there is no claim lodged during the year the insurance company grants a discount in the premium by way of bonus.

On sale and transfer of vehicle, what happens to the Bonus/Malus?
TheBonus/Malus goes with the original owner since he can claim bonus on his next purchased vehicle. However the purchaser enjoys the bonus under seller’s policy till the renewal date. On date of renewal, the bonus/malus has to start afresh.

Why must I renew my auto Insurance every year? Can I buy a multi-year policy?
Your vehicle’s Insurance is governed by the India Motor Tariff which does not permit a policy period of more than 12 months. However, you can extend your policy for a period not exceeding 12 months, by paying an additional premium and detailing your reasons for extension. If the Insurer accepts your request, the policy will carry a warranty specifying that on the extended period’s expiry the policy will be renewed with the same Insurer.

Can I renew my Insurance with another Insurance company?
Yes, you can. However, you need to fill in a fresh proposal form and the new insurer may ask for a physical inspection of your vehicle.

What happens if my Insurance premium is not paid on time?
If the premium is not paid, you will not be covered and the Insurance company will not be liable, should anything happen to your vehicle. Also its illegal to drive an uninsured vehicle in any public place.

Can Motor Policies be issued for a longer term than a year?
No policy can be issued for a period of more than one year ordinarily. However, for motor cycles and scooters only, the Act Policy in Form A, which is the minimum compulsory insurance required by law, may be issued on a long term basis. Such policies once issued remain valid up to the cancellation of the registration of the vehicle by the Regional Transport Authority (R T A).
In General Insurance this is particularly useful for owners of comparatively older vehicles, for whom the Comprehensive Cover becomes a little too expensive considering the age and market value of the vehicle.

Can Motor Insurance Policies be taken for a shorter term than the normal period of one year?
Motor Insurance Policies are normally taken for a period of one year. However, according to the requirements of the vehicle owner, a policy for a shorter term can be issued.
Situations do arise when a person plans to sell off his vehicle within a couple of months and he does not intend to renew his policy for another year. In such circumstances, he may go for a shorter period of cover. Short period insurance attracts Short Period Scale for calculating premium and obviously comes out costlier than the pro rata for the said period.

Can I cancel my Insurance and get a refund during the policy period?
Yes, but only if you show that your vehicle has been insured elsewhere, or your vehicle has been legally cancelled by the RTO. Once the policy has been cancelled, the balance of the premium can be refunded to you. The balance premium will be calculated on the basis of short period scale of rates and the refund will be subject to :
• There being no claim during the policy period.
• Minimum premium as per the Tariff, being retained by the company.

How do I file a claim?
As soon as your vehicle meets with an accident or injures a third party or damages the property of a third party, inform your insurance company.
If your vehicle is involved in an accident which injures a third party or damages a third party’s property, you must report the matter to the police. If your vehicle is stolen and/or has been damaged by miscreants, terrorists or arsonists, report the matter to the police and obtain a FIR (First Information Report). Take the vehicle to a reputed workshop for repair and get a repair estimate from the workshop. Submit the estimate to the insurance company. A surveyor from the insurance company will come for an inspection of the vehicle, and to assess the cost of restoring the vehicle to its pre-accident condition. Based upon the surveyor’s report, the insurance company will make a final settlement of the estimate and the deal is closed.

Do I need a FIR in case of any accident?
An FIR in required in the following cases:
• Any third party personal injury or death due to an accident involving your vehicle.
• Any personal injury or death of a paid driver/ owner-driver/ passenger.
• Any third party property damage.
• Theft of the entire vehicle/accessories, stereo-recorders, other vehicle parts.
• Any loss or damage to the vehicle by miscreants, rioters, terrorists, arsonists, etc.

What documents are needed to make a claim?
You will need to submit a claim form along with the following :
• A copy of the vehicle’s registration book.
• A copy of the driving license of the person driving the vehicle at the time of the accident.
• An estimate of the repairs.
• A copy of the police FIR/panchnama in case of theft or any third party personal injury/death or property damage.
If the vehicle is declared a total loss, either due to an accident or theft, you will also have to provide the following documents – RTO transfer papers, original RC book, original Insurance policy, the vehicle’s original keys, a no objection certificate from you for transfer of the vehicle, a letter of indemnity on judicial stamp paper and a letter of subrogation on judicial stamp paper.

What is meant by Total Loss?
Total Loss refers to accident damage to your vehicle where the cost of repairs amounts to more than 75% of the depreciated value (of the vehicle) on your policy. Typically, one can claim total loss damages as follows:
• Inform the insurance company the time, date and place of the accident.
• File a First Information Report (FIR) at the police station closest to the place of mishap. Documents like registration book, tax paid receipt, insurance papers, driving licence, etc. are needed while lodging the FIR.
You will need to provide the following to the insurance company:
• Original registration certificate book.
• Duplicate key .
• The ownership of the car is then transferred to the insurance company and documents pertaining to transfer of ownership are filed. A No Objection Certificate (NOC) is required from the Regional Transport Authority (RTO) for the transfer of the vehicle.
• If the vehicle has been damaged by fire, then a report from the Fire Brigade authorities will also be required.
Total Loss claims could take a long time depending on how quickly or otherwise you are able to arrange for reports from the police and the fire brigade. Do keep the documents ready to enable a smooth process.

What do I do if the vehicle is stolen and the original policy is lost?
Report the matter to the Insurance company, Police (FIR) and the Road Transportation Office (RTO) where the vehicle is registered. Also obtain an acknowledgement from the RTO on a copy of your letter intimating the loss of the vehicle to them.
What if the accident takes place in a city other than where the policy was issued?
It doesn’t matter where the accident happens.

What happens if someone else is driving at the time of the accident?
Legally, anyone driving a particular category of vehicle has to hold a valid driving license for that vehicle category. As the owner, you must ensure that only those with a valid driving license are given control of your vehicle. Also ensure that no one drives your vehicle while under the influence of liquor or any other intoxicant.

What are the rules about insurance transfer when transferring vehicle from one person to another. Is old policy transfers to the buyer or he has to take new policy. Is there any time limit about it?
Yes, the old policy can be transferred in the name of buyer by submitting the copy of Form 29/30 and copy of Registration book/Owner book. The above process preferably should be done within 30 days.

If any accessories are stolen from my vehicle, do I get their full value or is depreciation taken into account?
Depreciated value is what you would get. Also the rate of depreciation varies according to the type of accessory.

Ask to our agent/ experts for purchase/ buy insurance. We offers affordable cheaper premium rates. U may compare Oriental Insurance ICICI Lombard General Insurance with others submitt your business querry online here

Avdhoot Investment make no representations about the suitability, reliability, availability, timeliness, lack of viruses or other harmful components and accuracy of the information, software, products, services and related graphics contained within the Avdhoot Investment for any purpose. All such information, software, products, services and related graphics are provided “as is” without warranty of any kind. Avdhoot investment hereby disclaim all warranties and conditions with regard to this information, software, products, services and related graphics, web designs, including all implied warranties and conditions of merchantability, fitness for a particular purpose, workmanlike effort, title and non-infringement.

You acknowledge that Avdhoot Investment neither endorse nor are affiliated with the linked site and are not responsible for any content of any linked site or any link contained in a link site, or any changes or updates to such sites. You also acknowledge that Avdhoot Investment is providing these links to you only as a convenience.

You specifically agree that Avdhoot Investment shall not be responsible for unauthorized access to or alteration of your transmissions or data, any material or data sent or received or not sent or received, or any transactions entered into through an Avdhoot Investment site/service. You specifically agree that Avdhoot Investment is not responsible or liable for any threatening, defamatory, obscene, offensive or illegal content or conduct of any other party or any infringement of another’s rights, including intellectual property rights. You specifically agree that Avdhoot Investment is not responsible for any content sent using and/or included in an Avdhoot Investment site/service by any third party.

In no event shall Avdhoot Investment be liable for any direct, indirect, punitive, incidental, special, consequential damages or any damages whatsoever including, without limitation, damages for loss of use, data or profits, arising out of or in any way connected with the use or performance of the Avdhoot Investment sites/services, with the delay or inability to use the Avdhoot Investment sites/services or related services, the provision of or failure to provide services, or for any information, software, products, services and related graphics obtained through the Avdhoot Investment sites/services, or otherwise arising out of the use of the Avdhoot Investment sites/services, whether based on contract, tort, negligence, strict liability or otherwise, even if Avdhoot Investment has been advised of the possibility of damages. Avdhoot Investment does not endorse in anyway any advertisers/ contents of advertisers on its webpages. Please therefore verify the veracity of all information on your own before undertaking reliance and actioning thereupon. Avdhoot Investment shall not be responsible nor liable for any consequential damages arising on account of your relying on the contents of the advertisement.

This agreement is governed by the laws of republic of India. You hereby irrevocably consent to the exclusive jurisdiction and venue of courts in Ahmedabad, Gujarat, India in all disputes arising out of or relating to the use of the avdhoot investment sites/services. Use of the Avdhoot Investment sites/services is unauthorized in any jurisdiction that does not give effect to all provisions of these terms and conditions, including without limitation this paragraph. You agree to indemnify and hold Avdhoot Investment, its subsidiaries, affiliates, officers and employees, harmless from any claim, demand, or damage, including reasonable attorneys’ fees, asserted by any third party due to or arising out of your use of or conduct on the Avdhoot Investment sites/services. Avdhoot Investment reserves the right to disclose any personal information about you or your use of the Avdhoot Investment sites/services, including its contents, without your prior permission if Avdhoot Investment has a good faith belief that such action is necessary to: (1) conform to legal requirements or comply with legal process; (2) protect and defend the rights or property of Avdhoot Investment (3) enforce the terms or use; or (4) act to protect the interests of its members or others. Avdhoot Investment performance of this agreement is subject to existing laws and legal process, and nothing contained in this agreement is in derogation of Avdhoot Investment’s right to comply with governmental, court and law enforcement requests or requirements relating to your use of the Avdhoot Investment sites/services or information provided to or gathered by Avdhoot Investment with respect to such use. If any part of this agreement is determined to be invalid or unenforceable pursuant to applicable law including, but not limited to, the warranty disclaimers and liability limitations set forth above, then the invalid or unenforceable provision will be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision and the remainder of the agreement shall continue in effect. Unless otherwise specified herein, this agreement constituttes the entire agreement between the user and Avdhoot Investment with respect to the Avdhoot Investments sites/services and it supersedes all prior or contemporaneous communications and proposals, whether electronic, oral or written, between the user and Avdhoot Investment with respect to the Avdhoot Investment sites/services.