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Where should I call if I am travelling abroad and I need to report a claim or need assistance?

7

Aug, 2010

Where should I call if I am travelling abroad and I need to report a claim or need assistance?

By: | Tags: , , , , , , | Comments: 17

In case of any travel insurance claim or assistance abroad, call toll-free numbers Originating Country Dialed Number USA (001) 186658 76903 Canada (001) 186691 43705 Austria (043) 990+800 10002005 Belgium Denmark (045) France (033) Germany (049) Hungary (036) Ireland (353) Italy (039) Malaysia (060) Netherlands (031) New Zealand (064) Norway (047) Philippines (063) Portugal (351) Spain (034) Sweden (046) Switzerland (041) UK (044) Finland (358) carrier TS 990+800 10002005 Finland (358) carrier Elisa 999+800 10002005 Hong Kong (852) 001+800 10002005 Israel (972) 014+800 10002005 Singapore (065) 001+800 10002005 So. Korea […]

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How does a No Claim Bonus help me?

3

Aug, 2010

How does a No Claim Bonus help me?

By: | Tags: , , , , , , , , | Comments: 26

The No Claim Bonus is a great way to progressively reduce your motor insurance premium. For example, the table below shows the premium payable towards a Maruti Wagon R costing INR 3.6 lakhs, over six years in following scenarios: Scenario 1: When no claim is made and the No Claim Bonus is earned, as applicable Scenario 2: When a claim is made every year   IDV Scenario 1 (With NCB) Scenario 2 (Without NCB) Year Value in INR NCB % Premium NCB % Premium Year 1 360000 0 11,257 0 […]

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What is IDV in Motor Insurance?

30

Jul, 2010

What is IDV in Motor Insurance?

By: | Tags: , , , , , , , | Comments: 16

The Insured’s Declared Value (IDV) of your vehicle is deemed to be the ‘SUM INSURED’ for the purpose of tariff calculation and it is usually fixed at the commencement of each policy period for each insured vehicle. The IDV is fixed on the basis of the manufacturer’s listed selling price of the particular model of the vehicle at the commencement of the policy or at the time of renewal of the policy. IDV is treated as the ‘Market Value’ throughout the policy period without any further depreciation for the purpose of Total […]

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What do I need to keep in mind in case of hospitalization during my travel abroad?

14

Jul, 2010

What do I need to keep in mind in case of hospitalization during my travel abroad?

By: | Tags: , , , , , | Comments: 14

In case you have an overseas travel medical insurance and are admitted to a hospital after an OPD consultation or otherwise, please notify us immediately. The insurance medical assistance department (doctor) will discuss your medical condition with the treating doctor. If it is confirmed that the admission to a hospital is NOT due to any pre-existing conditions or any conditions listed in the exclusion list, then the travel insurance company shall guarantee and settle the payments with the hospital. Documents Required: In order to expedite processing of the claim, you […]

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What is NCB and How Does it Affect My Motor Insurance Premium

14

Jul, 2010

What is NCB and How Does it Affect My Motor Insurance Premium

By: | Tags: , , , , , , , , | Comments: 13

What is NCB and under what circumstances is it applicable and how does it benefit the vehicle owner? NCB is short for No Claim Bonus. It is given to the owner of the vehicle, who is also the policy holder, if he/she has not filed any claim in the previous policy year. The NCB reflects as a percentage discount on the insurance premium for the vehicle owner. If you have NCB, then you can avail a discount ranging from 20-50% on the Own Damage Premium. NCB helps you save on your motor […]

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