Underinsurance in fire insurance explained. Learn what the Average Clause means, how claims get reduced, and how to avoid underinsurance with practical examples. What Is Underinsurance in Fire Insurance? Underinsurance occurs when the Sum Insured is lower than the actual value of the property insured.In simple words, the asset is worth more than the value…
In a heart-wrenching case, the Calcutta High Court has delivered a verdict stating that death caused by a mosquito bite is not covered under an accident insurance policy. The court reasoned that illness does not fall within the scope of accidental death, and a mosquito bite lacks the suddenness and shock required to be classified…
Introduction to SS Baychimo (The Ghost Ship): Join us on a captivating journey as we delve into “The Haunting Mystery of the SS Baychimo” – a chilling tale of ghost ships and unbelievable insurance! In this intriguing video, we explore the enigmatic story of the SS Baychimo, a cargo vessel that became trapped in Arctic…
Date: May 30, 2023 In a commendable display of emergency response, the fire and safety department personnel at Numaligarh Refinery Limited (NRL) swiftly brought a widespread fire under control on Monday evening. The incident occurred at the Hydrocracker unit of NRL, located in Assam’s Golaghat district. Upon receiving the alarm, fire tenders and NRL’s dedicated…
Discover the key to a secure and prosperous future with life insurance. In this comprehensive blog, we reveal the top 5 life insurance mistakes you should avoid at all costs. Learn how to protect your loved ones and your financial legacy while avoiding common pitfalls. Empower your future and make informed decisions with our expert…
ChatGTP: For those who’ve ventured into the world of AI-generated content, one truth remains undeniable: ChatGPT, while a marvel of technology, struggles when tasked with the art of writing. It’s not a well-kept secret. Anyone who’s ever asked ChatGPT or any AI writing tool to compose a blog post knows the result is often far…
SBI General Insurance has set a new benchmark in the insurance industry with the launch of its groundbreaking digital-only health product, Health Edge Insurance. Boasting an irresistible starting premium of under Rs 5,500 per annum for a robust Rs 3 lakh cover, this innovative offering is set to transform the way we approach health coverage….
SBI General Insurance has introduced an innovative digital-only health insurance product, Health Edge Insurance, that redefines the way individuals access and customize their coverage. With an affordable starting premium of less than Rs 5,500 per annum for a Rs 3 lakh cover, this groundbreaking plan offers extensive benefits and flexibility. The Health Edge plan incorporates…
