Underinsurance (Average Clause) Claim Impact Calculator Estimate underinsurance percentage, deduction and final claim payable. For awareness purposes only — actual claims depend on policy terms. Sum Insured (₹) Replacement / Reinstatement Value – Full Asset Value (₹) Repair / Replacement Cost of Damage (₹) Approx. Salvage Value (₹) Calculate You may also be required to…
IRDAI mis-selling regulations in India aim to prevent misleading insurance sales and protect customers. Learn how these rules may impact policyholders and insurers. IRDAI Mis-Selling Regulations in India — A Consumer Protection Push The IRDAI mis-selling regulations in India are being strengthened to reduce misleading insurance sales and protect policyholders from financial loss. Mis-selling occurs…
In today’s digital world, cyber threats are increasing in frequency and sophistication, making cybersecurity insurance an essential safeguard for businesses of all sizes. From ransomware attacks to data breaches, organizations face significant risks that can lead to financial losses, legal liabilities, and reputational damage. Cybersecurity insurance helps cover these costs, ensuring businesses can recover swiftly from cyber…
Insurance is a financial tool designed to protect you from unexpected losses. By paying a premium, the insurer agrees to cover specific risks outlined in your policy, helping individuals, families, and businesses remain financially secure. Wikipedia Definition:Insurance is a means of protection from financial loss. It is a form of risk management primarily used to…
Cybersecurity insurance is now a business essential in India. Discover 7 compelling reasons why every company must invest in it to protect against cyber attacks, ransomware, and financial losses in 2025. Why Cybersecurity Insurance Matters More Than Ever In 2025, the digital economy is at the heart of almost every business in India — from…
What Is Insurance Excess? Insurance excess is the amount you must pay out of pocket before your insurer covers the remaining claim. It helps discourage small claims and keeps premiums economical. Definition Term Meaning Insurance Excess / Deductible The portion of every claim paid by the policyholder before the insurer contributes. Types of Excess Type…
Discover the latest insights on Indian General Insurance Growth as the sector is projected to expand nearly 13% in FY26. Explore key drivers, market trends, challenges, and industry shifts in this detailed report. Indian General Insurance Growth Reaches a New High The Indian general insurance sector is entering a transformative phase, powered by rising awareness,…
The Jammu & Kashmir High Court rules that insurers cannot rely on hidden STFI exclusions to deny claims under special perils policies, reinforcing consumer rights and clarity in insurance contracts. Consumers Win: Hidden Exclusions Cannot Defeat Legitimate Expectations In a judgment that strengthens consumer rights, the Jammu & Kashmir and Ladakh High Court has ruled…