The only thing certain in this world is UNCERTAINTY. Insurance is a method of protection from contingencies and financial losses arising due to uncertain risks.
The Insurance Regulatory and Development Authority of India is a regulatory body under the jurisdiction of Ministry of Finance, Government of India and is tasked with regulating and licensing the insurance and re-insurance industries in India.
A company that is authorised by IRDAI (Insurance Regulatory and Development Authority of India) for selling insurance products and services.
An insurance broker is a specialist in insurance and risk management. Brokers act on behalf of their clients and provide advice in the interests of their clients.
The individual or an entity who owns the insurance policy.
The individual or an entity who's risk is covered under the policy.
A contract in which an individual or entity pays an insurance company in exchange of financial protection or reimbursement of losses resulting from a covered event.
The duration for which the loss is covered in the policy.
The total amount of risk covered by the policy in a policy period.
The amount paid to Insurer for purchasing the insurance policy that covers the risk.
Plans to protect homes, assets and valuables therein from Burglary, Fire and other disasters.
Plans to protect a company/organization w.r.t Property, Engineering, Marine, Workmen's Compensation, Business Interruptions etc.
Life Insurance is a means of financial protection against unfortunate events like death or disability of insured.
Health insurance or medical insurance is a type of insurance that covers the risk of a person incurring medical expenses.
Covers the risk involved while travelling.
Mandated by the Government, Motor Plans protect against liabilities and losses to self / vehicle and third party.