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Changes in Life Insurance Policy Surrender Value Rules
Good news for life insurance policyholders! Thanks to new rules from the Insurance Regulatory and Development Authority of India (IRDAI), you will no longer lose the entire amount of your
Tesla and its insurance struggles
Tesla and its insurance struggles

By: Insurancepe September 20, 2024

Tesla Insurance, launched in 2019, was Elon Musk’s bold step into the motor insurance market, offering Tesla owners tailored policies with potential savings of up to 30%. The idea was
Bollywood’s first insurance policy and claim - Taal and Mohabbatein
Bollywood’s first insurance policy and claim

By: Insurancepe September 13, 2024

Before 1999, the Indian film industry never considered insuring the projects that were undertaken. Despite all the uncertainty and risk involved, the insurance considered Bollywood uninsurable mainly because the industry
Deductible and excess
Deductible vs Excess? Compulsory vs Voluntary?

By: Insurancepe August 30, 2024

Be it motor, health or property insurance, you have probably encountered the terms excess and deductible at the time of buying your insurance policy – or, at the time of
The importance of nomination
If you have insured your life, you are probably familiar with the term ‘nomination’. But are you aware of how important having a nomination on your life insurance policy is?
Vehicle or Car? Loss or damage?
So, you are sure you understand every term/phrase used in your motor insurance policy? What if we said that you do not? VEHICLE OR CAR: The term vehicle or car
‘Loss or Damage’ to your insured vehicle?
We already know that motor insurance is compulsory by law. People pay thousands of rupees towards premiums to comply with this legal requirement. We also know the phrases: Comprehensive and
Claim intimation in motor insurance
A statement in the motor insurance policy wording reads: “this policy and the schedule shall be read together and any word or expression to which a specific meaning has been
‘Limitation as to Use’ of your motor vehicle

By: Insurancepe July 24, 2024

You must be aware that your motor insurance policy does not simply cover any loss or damage and that there are exceptions. Most of these exceptions are listed out in
Are you aware of your duties in the event of an accident involving your insured vehicle? One such duty given in the policy document is as follows: “In the event