Avdhoot Investment» General Insurance

Jewellers Block Policy

admin — Tue, 02 Feb 2010 18:41:13 +0000

Jewellers Block Policy
This is a package policy specially designed for jewellers & diamontaires i.e. those
establishments dealing solely in diamonds.
HighlightsThis is a package policy specially designed for jewellers & diamontaires i.e. those
establishments dealing solely in diamonds.
Jewellers premises are categorised into Class I, II or III depending upon the type of
security provided for the premises.
Discount in premium is available in case the premises have special protection devices
like built-in vaults, strong rooms ,closed circuit T.V. or armed guards.
Scope
The policy comprises four sections which are optional except for section I which is
compulsory.
Section I : Covers loss or damage to jewellery , gold and silver ornaments or plates ,
pearls, precious stones, cash and currency notes whilst contained in the premises
insured, by fire,explosion, lightning,burglary,house breaking, theft, hold up, robbery,
riot, strike and malicious damage and terrorism.
Section II : Covers loss or damage to jewellery, gold etc. as described in Section I
whilst it is in the custody of the insured, his/her partners, employees, directors, sorters
of diamonds or whilst such property (excluding cash and currency notes) is in the
custody of brokers, agents, cutters and goldsmiths.
Section III : Covers loss or damage to property described in Section I whilst in transit
by registered parcel post, air freight or through angadia.
Section IV : Covers loss or damage to trade and office furniture and fixtures in insured
premises due to fire,explosion, lightning,burglary,house breaking, theft, hold up,
robbery, riot, strike and malicious damage and terrorism.
Who can take the policy
The policy can be taken by jewellers who are wholesalers or retailers. The policy
cannot be given to establishments whose work is predominantly manufacturing like
cutters and goldsmiths. The policy also cannot be given to angadias , brokers or pawn
brokers etc.
How to select the sum insured
The sum insured under Section I and II should represent the cost price of the jewellery
items. The sum insured under Section III should represent the maximum loss likely,
arising out of any one incident. The sum insured under Section IV should represent the
market value of the property..
How to claim
In case of any incident giving rise to a claim under the policy , the following steps
should be taken :
1. Inform insurance company within 24 hrs.
2. In case of burglary,theft etc. inform police immediately and obtain FIR
3. Submit claim form and relevant documents to surveyor appointed by Insurance
Co. to substantiate loss.
Contact us for Premium Charts on Oriental Insurance Jewellers Block Policy for Jewelry Stores & Shops here.

Group Mediclaim Policy

admin — Thu, 31 Dec 2009 18:31:37 +0000

Oriental Insurance Group Mediclaim Insurance Policy:
Brief Description :
Mediclaim Insurance is a cover which takes care of medical expenses following Hospitalisation/Domiciliary Hospitalisation of the Insured in respect of the following situations: (A) In case of a sudden illness (B) In case of an accident (C) In case of any surgery which is required in respect of any disease which has arisen during the policy period. The major benefit for taking a Group Mediclaim policy is that the insured gets a Group discount, hence the premium per person is lower.

Covered Risks :
This cover is a hospitalisation cover and reimburse the medical expenses incurred in respect of covered disease /surgery while the insured was admitted in the hospital as an in patient.The cover also extends to pre- hospitalsation and post- hospitalisation for periods of 30 days and 60 days respectively

Major Exclusions :
Any pre-existing disease,any expense incurred during first 30 days of cover except injury due to accident,all expenses incurred in respect of any treatment relating to pregnancy and child birth. Treatment for Cataracts,Benign prostatic hypertrophy,Hysterectomy, Menorrhagia or Fibromyoma, Hernia,Fitula of anus,Piles, Sinusitis, Asthma,Bronchitis, All Psychiatric or Psychosomatic disorders are excluded from the scope of the cover

Call us for Oriental Insurance Group Mediclaim Insurance Policy for Lowest & Cheaper Premium Rate Comparison with Others.

Faq’s on Overseas/ Travel Insurance

admin — Sun, 13 Dec 2009 01:18:54 +0000

Why do I need Travel Insurance?
Traveling always involves risk, furthermore when traveling abroad you might face any trouble like sudden medical requirement, loss of baggage, and loss of your passport, and spending money in foreign land would really cost you much. Thus travel insurance aids you and your family during contingencies like sickness, accident, loss of passport etc. in a foreign country.

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.

FAQ’s on General Insurance

admin — Sat, 12 Dec 2009 16:36:17 +0000

What are the different ways to buy general Insurance?
» Through an agent, broker or any other such intermediary.
» Anyone using the title broker is usually independent and generally aims to find you the best deal on the market.
» Other intermediaries might just quote the best deal from a fairly small panel of insurance companies or represent a single insurance company.
» You can approach the insurance company directly. If you approach the company directly, the chances of getting a better rate are very high.

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

Overseas Insurance Policy

admin — Thu, 10 Dec 2009 19:44:03 +0000

The Overseas Mediclaim Travel Insurance policy protects the insured party against medical expenses that he/she might have to incur during his/her overseas trip. Any Indian resident traveling abroad can take this policy. Group/Individuals can apply for this Oriental Insurance & ICICI Lombard Policy INDIA.

Benefits:

The policy is basically provides for medical expenses of the insured during his/her stay abroad.
The policy also covers personal accident, total loss of checked baggage, delay of checked baggage, loss of passport and personal liability, at no additional premium.
The policy can be taken for a period of 0 to 180 days, with an option to extend further.

Repatriation Benefits: If the insured is required to be sent back to the home country on account of sickness suffered, the expenses incurred therewith are also paid.

All the expenses are reimbursed in the local currency of the country visited.

Exclusions: This insurance policy will not pay any claims arising from

Any treated or existing diseases prior to one year of commencement of risk, whether undeclared or not.
Travel against medical advice, travel for treatment, terminal prognosis or awaiting special treatment.
Cosmetic surgery, pregnancy-related costs, AIDS.
War or nuclear perils are not include.
Suicide or attempted suicide is not include.
Benefits recoverable from any other scheme.
Examination/ treatment in India are not include.
Expenses incurred outside country of study or posting. However this does not prejudice emergency evacuation on medical grounds. compare online premium here.

For FAQ’s on Overseas Insurance Click Here.

We offers cheaper premium rates on Oriental Insurance Overseas Travel Insurance Policy Rates than others. Submit your Business Querry Apply online Premium Rate Comparision on Overseas Insurance for the Oriental Insurance & ICICI Lombard General Insurance here.

House Hold Insurance Policy

admin — Thu, 10 Dec 2009 19:09:25 +0000

The Householders Insurance policy is a package policy offering several individual policies together at an economical rates for the Oriental Insurance Company & ICICI Lombard India.

What does it cover:

It offers a package of following policies:
Fire Insurance
Burglary
All Risks Insurance
Plate Glass Insurance
Break down of Domestic Appliances (Electrical and mechanical failures)
Television including VCR & VCP and music systemsPedal cycle Insurance
Personal baggage insurance
Personal accident
Public liability & Employers Liability.

What is the Benefits

Only one proposal form is to be filled for several individual policies. The cumbersome procedure of filling several forms is eliminated.

HOUSE-HOLDER INSURANCE

Identify the items that need to be insured.
List them with their values. Ensure that the value is the full value.
SI for liability is on reimbursement basis and is limited to the amount chosen.
Ensure that there is no misstatement, or misrepresentation since the proposal is the basis of the contract.
The liability of the Company does not commence until the proposal has been accepted and full premium paid.

CLAIMS

Give immediate notice of claim.
Obtain the claim form from the Company (also available on our website) and provide full details of the loss; as sought in the form.
Do not dispose off / destroy damaged property, if any, till company permits such disposal.
Take necessary steps to minimize loss and keep the Insurance Company apprised.
Please ensure that no bribe is given to anyone on account of settlement of claim. Please report any such demand immediately to the Oriental Insurance Company.

Contact us for cheaper/ lower premium rates on House Hold Insurance Policy Finding how to Buy or Purchase compare/ Apply online here for The Oriental Insurance Policy. Ask for Premium Rates Comparision of Oriental Insurance with other Company or Renew Online here.

Auto Insurance

admin — Wed, 09 Dec 2009 18:48:09 +0000

A Commercial Auto Motor Car Vehicle Insurance Policy covers the risks that arise to the owner, vehicle and third party. Two Wheeler Insurance for Personal Bike Scooter Scooty Activa Honda Bajaj Yamaha Maruti TATA Heavy Vehicles Like Truk Loading Tempo etc are also coverd under this policy. (We are authorised by The Oriental Insurance Company & ICICI Lombard General Insurance Company.)

It protects the auto private motor car vehicle from loss or damage:

* By fire, lightning, self-ignition, explosion, burglary, housebreaking or theft.
* Riot or strike.
* Flood, earthquake, cyclone or inundation.
* Transit by road, air, elevators or lifts.
* Liability for third party’s injury or death, third party property and towards the paid driver too.
* Loss or damage to electrical/ electronic accessories, personal accident cover for the driver and passengers is also available after paying additional premium.

Types of Policies:
There are two types of Policies:

Liability Only Policy:
This covers Third Party Liability for bodily injury and/ or death and Property Damage. Personal Accident Cover for Owner-Driver is also included.

Package Policy:
This covers loss or damage to the vehicle insured in addition to the above.

Term of policy:
No policy is permitted to be issued or renewed for any period longer than twelve months. However, Short Period Cover/ Renewal may be granted for periods less than twelve months.

Claims:
In case of claims the maximum liability will be the sum the vehicle is insured for or the insured’s declared value, which will be the amount payable in case of total loss or constructive total loss (CTL) irrespective of the market value of the vehicle.
Also in case repair costs go over 75 percent of the IDV, it will be taken to be a CTL.

Premium Calculation in case of adverse claims:
Loading on tariff premium rates by 100 percent may be applied for adverse claims experience of the vehicle insured and individual risk perception as per the insurer’s assessment. If the experience continues to be adverse, a further loading of 100 percent on the expiring premium may be applied. No further loading shall apply.Compare premium rates with other company here cheaper/ lower than comparing others in India.

Anti theft device discount:
In case an anti-theft device has been installed in your vehicle expect a discount up to a maximum of Rs 500 on your insurance claulate premium. Avdhoot Investment offers Fastest Claim settlement Services for General Insurance in India within 7 working days.

To Read some FAQ’s on Auto Motor Vehicle Car Insurance Click here.

Contact our Authorised Agent/ Advisor/ Consultant for renew your policy for Oriental Insurance/ ICICI Lombard Companies Auto Motor Vehicle Third Party Accident Insurance Policy Lower Premium Rate Comparision online. We offers Cheaper Premium Rates Quotes. Apply online here.

Oriental Insurance/ General Insurance / Non- Life Insurance

admin — Mon, 07 Dec 2009 16:38:36 +0000

General insurance provides cover against, and payments depending on the degree of damage caused by fire, accident, motor vehicle and against damages/theft of household articles A global non-life carrier. The site offers information about insurance products available, including homeowners, auto, credit, health, accident, and marine cargo.

Avdhoot Investment makes available Non-Life Insurance Products of The Oriental General Insurance Company LTD & ICICI Lombard General Insurance Company Ltd. We are Authoriesed Corporate Agent for GIC/ General Insurance/ Non-Life Insurance Products listed below at Ahmedabad.

Here is the range of non-life insurance most popular products on offer by Oriental Insurance Company Ltd:

Auto/ Motor Car Vehicle Insurance: All the vehicles that ply in public places must have an insurance policy that at least covers “Third Party Liability” as specified under the Act. You can do that and more.
Mediclaim/Health Insurance: In Medical emergencies can occur anytime. Hence to achieve a protection of good health and being in control of yourself, your situation and your finances – you need to insure yourself and your family against rising health-care costs.
Mediclaim Family Floater Insurance: Our Happy Family Floater aspires to protect you against escalating medical cost and supports you in creating a healthy tomorrow for yourself and your near-ones.
Personal Accident Insurance: An accident can happen any time – leaving you with permanent or temporary disability, and affect your life and family. Go for a Personal Accident cover contcr us.
House Hold Insurance: In an increasing natural and human risk exposure, a Home cover is a must. Low cost options are available to protect the most valuable investment of your life.
Overseas/ Travel Insurance: Travel should be well-planned to be enjoyable, hassle free and entirely safe. Say yes to Travel Health insurance and get out to explore the world without a worry.
Shop Keeper / Merchant Insurance: Your shop and its contents are constantly exposed to risk hazards. Theft, Employee Fraud, Fire etc. – can critically hamper your business. That is why you need Shop Insurance – to protect you against these risks – so that you can focus on your business
Comprehensive Health Insurance Scheme
Electronic Equipment Insurance Policy
Group Mediclaim Policy
Motor Cycle Package Policy
Nagrik Suraksha Policy
Office Umbrella Policy
Workman Compansation WC Policy
Overseas Mediclaim Business and Holiday
Overseas Mediclaim Employment and Study
Standard Fire & Special Perils Policy
Sweet Home Insurance Policy
Universal Health Insurance Scheme
Jewelers Block Insurance Policy

For Reading FAQ’s on General Insurance Click here.

Contact for Renewal online/ Buy/ Purchase & for premium Calculations us for Free Cheaper/ Lower Premium Rate & Compare with other private general insurance company. Our Authorised General Insurance Consultant Associates/ Consultant/ Advisor/ Agent will contact you within 24 hrs…India