The problem with the Indian consumers is no one reads the policy conditions. They spend huge money in paying the compulsory Motor Insurance premium. However, once the policy is issued, they never read the policy terms and conditions. They simply keep the policy either in the glove compartment or at home and forget all about […]
Tag: contract
13. Conditions for Renewal of the Contract
Under the Conditions for the Renewal of Contract, it is mentioned whether the Motor Insurance policy will be renewed or not and if yes, what is renewal procedure. Generally, Motor Insurance policies are issued for one-year duration, though we do have policies for 3 years. In either case the policy renewal conditions will apply. What […]
