he problem with the Indian consumers is no one reads the policy conditions.

15. Conditions Precedent to the Contract

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 […]

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6. Vehicle or Car / Damage or loss

6. Vehicle or Car / Damage or loss

I am going back again to the application or proposal form to write about the three terms: Vehicle or car and damage or loss. What is a vehicle? The term vehicle or car are used in the Private Car Package Policy application interchangeably. Anyone can have a picture of a vehicle or of a carin […]

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Motor Insurance

2. What is a Motor Insurance Proposal?

Proposal in simple English means an application. We submit an application to an insurance company requesting for insurance. Examples: An application for a job; an application for admission in a college; and an application for waiver of fee etc. An application is a written statement wherein a motor insurance customer writes about himself, hisassets, income, […]

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Motor Insurance Application or Proposal Form

1. Motor Insurance Application or Proposal Form

At the very beginning, two interesting conditions are present in the application form:1) Policy wordings are available on request2) Please complete all sections in capitals and tick boxes wherever applicable. I am a common man. I do not have the requisite technical knowledge of insurance or its terminology. And Motor Insurance is compulsory! I do […]

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