a) Bangladesh b) Bhutan c) Nepal d) Pakistan e) Sri Lanka f) Maldives by charging additional premium of Rs. 500/- per vehicle in case of package policy and Rs.100/- per vehicle in case of Liability only Policy.

Car insurance policy is mandatory under the Motor Vehicle Act. The policy ensures that the car owner is protected from financial losses, caused by damage or theft to the vehicle and third party liability.



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All car insurance policies are annual policies issued for a period of twelve months. You will have to renew the policy before the specified expiry date mentioned on the policy document. There are certain benefits of doing so:

No Claim Bonus (NCB) is a discount on premium of the own damage (OD) portion of your vehicle when you renew your policy, provided you have not made any claim during the last policy period of one year. The NCB can be accumulated up to a maximum limit of 50% on own damage premium for private cars. You can transfer the full benefits of NCB, even when you shift your car insurance from any other Insurance company.

Nomination is a right conferred on the life insurance policyholder to appoint a person or persons to receive the policy money in the event of the policy becoming a claim by death. Any policyholder who is a major and the Life Insured under a policy can make a nomination. A nominee is the person designated by the policyholder to receive the proceeds of an insurance policy, upon the death of the insured.

Bike insurance policy is mandatory under the Motor Vehicle Act for every vehicle on the road. . The policy ensures that the bike owner is protected from

financial losses, caused by damage or theft to the vehicle and third party liability.


NCB is a reward for not raising a claim. It is a discount on the premium of the Own Damage (OD) portion of your vehicle when you renew your policy, provided you have not made any claim during the last policy period of one year. The NCB can be accumulated up to a maximum limit of 50% on OD premium.

Constructive Total Loss refers to accidental loss/ damage to your vehicle where the aggregate cost of retrieval and/ or repairs amounts to be more than 75% of the Insured's Declared Value (IDV) on your policy.

Disclaimer

 

 The advertisement contains only an indication of the cover offered. For more details on risk factors, terms, conditions and exclusions, please read the policy wordings carefully before concluding a sale.

The advertisement contains only an indication of the cover offered. For more details on risk factors, terms, conditions and exclusions, please read the policy wordings carefully before concluding a sale.

EY is a global leader in assurance, consulting, strategy and transactions, and tax services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

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The FDI policy permits 74% foreign investment in Indian insurance companies. Further, all Indian insurance companies with foreign investment need to ensure compliance with the Indian Insurance Companies (Foreign Investment) Rules, 2015 (available on the IRDAI website here) and other applicable rules and regulations of the IRDAI. This includes the new resident directors/KMPs, additional independent directors and solvency requirements as mentioned in the Foreign Exchange Management (Non-Debt Instruments) Rules 2019, available on the RBI website here.

* The policy can be enhanced by including other add-ons, such as Nil Depreciation, Engine Protection, Return to Invoice, Road Side Assistance, etc. These will be available on payment of additional premium.

Neerja Kapur, chairman and managing director, said, Our PAYD policy fulfils a long-standing demand of customers for simple and flexible products that consider different usage patterns. Our product is one of the few in the market to help the customer manage his outflows towards vehicle maintenance. We are confident that this product will herald a new age in vehicle insurance and promote better compliance thereby reducing the risks associated with uninsured and underinsured vehicles plying on the roads."

IRDA has created a web-based facility to get and maintain data about all health insurance policies issued by insurance companies to individuals so that it can be accessed by the new company to which a policyholder wishes to port his policy.

Good Health Policy offers you and your family a complete protection plan for your peace of mind. It offers the benefits of medical insurance, daily cash benefit and personal accident coverage in a single policy. Good health policy is brought to you by The New India Assurance Company Limited.

Certain medical procedures do not call for long periods of hospitalisation. These procedures that are treated in specialized Day Care centers enable the insured person to be discharged on the same day. Good Health covers many Day Care Procedures. A detailed list is available in the policy wordings for Good Health Insurance.

Good Health provides rewards for claim free record by way of Cumulative Bonus. Sum insured under the policy shall be progressively increased by 5% in respect of each claim free year of insurance subject to maximum accumulation of 10 claim free years. In case of claim under the policy the cumulative bonus shall stand reduced by 5% for the person who has made the claim.

Plan chosen with 200 days Hospital Cash Benefit provides for payment of a sum of Rs. 2000 per day in case of hospitalization treatment due to Accident / treatment in ICU for a maximum period of 15 days. This benefit is payable only once during the policy period.

Plans chosen with 200 days Hospital Cash Benefit provides for a lump sum amount ofRs. 15,000 in case of prolonged Hospitalization when confinement to hospital exceeds 21 consecutive days. This benefit is payable only once during the policy period.

Personal Accident Coverage is available as an additional/optional cover to your Good Health Insurance Policy. This Plan is available at attractive rates and can be opted as a standalone policy under Good Health Insurance.

In order to ensure continuity Good Health Insurance policy is renewed automatically every year through payments made with your Citibank Credit Card, provided the Credit card has enough credit available to cover the premium amount and is in active status.

The Good Health Mediclaim Policy takes care of your health needs and brings you Cashless Access, a unique programme that manages your medical expenses without you having to pay! This comprehensive policy is brought to you by the New India Assurance company Ltd.

Good Health Mediclaim Policy ensures that all medical expenses incurred by you at any one of the Third Party Administrator (TPA) network hospitals will be taken care of directly by them. This Cashless Access policy covers all your planned and emergency hospitalisation expenses.

Under this policy, you will be provided with an identity card for each insured member. You will also be provided with a detailed booklet to guide you through the insurance process and its benefits, including a complete list of TPA Network hospitals. In the absence of Photo ID Card, the insured person, while availing Cashless Access, has to prove his/her identity by means of any photo identification such as voters ID Card, driving license or a Citibank PhotoCard.

In case of emergency hospitalisation, the network hospital where you are undergoing treatment will send TPA an application for the relevant authorisation needed to pay for your treatment. TPA will revert within 6 hours of the receipt of this authorisation request. However, if you are admitted to a non-network hospital, you will be reimbursed for your medical treatment as per policy terms and conditions.

Yes, if the age of the person insured is below 60 years, you can. However, the increased benefits are not applicable for those illnesses/diseases/disabilities suffered during previous policy periods. The claim for the said illnesses/diseases/disabilities if admitted shall be processed as per the previous year's policy limits only.

The Good Health Personal Accident Insurance Policy is brought to you by The New India Assurance company Ltd. This policy has a worldwide personal accident coverage that gives you extra protection from not only loss of life in accidents but also permanent disablement due to accidents. It also provides reimbursement of medical expenses following accidental permanent disablement or death.

The insurance benefits uniformly take effect for everybody from the day the policy begins, that is, from the first of the month following the date you register for your policy. You will receive insurance certificates within 6 weeks of the policy start date. 2351a5e196

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