Frequently Asked Questions – Buying Policy

Here are 10 FAQs on general insurance underwriting in India:   1. What is general insurance underwriting? General insurance underwriting is the process of evaluating a risk and deciding whether…

1. What exactly is a homeowner's insurance policy? A homeowner's insurance policy is a contract between a homeowner and an insurance company that provides financial protection against damage to the…

  1. What is motor insurance? Motor insurance is a financial safety net for your vehicle. It protects you from having to pay for repairs or replacements out of pocket…

  1. What is a health insurance policy? A health insurance policy is a contract between an individual and an insurance company that provides financial coverage for medical expenses incurred…

  1. What is a top-up health insurance cover? A top-up health insurance cover is an additional health insurance policy that provides coverage for medical expenses beyond the sum insured…

1. What are the different plan options available in insurance? Insurance companies offer various plan options tailored to different needs and preferences, including term life insurance, whole life insurance, health…

  1. What factors should I consider when choosing a life insurance policy? When choosing a life insurance policy, it's essential to consider factors such as your financial goals, budget,…

1. What is medical underwriting in life insurance? Medical underwriting in life insurance is the process by which insurance companies assess an applicant's health status, medical history, and lifestyle habits…

  1. What are tax benefits in life insurance premiums? Tax benefits in life insurance premiums refer to the tax advantages offered by governments to encourage individuals to purchase life…

1. What are riders in life insurance? Riders in life insurance are optional provisions or add-ons that policyholders can attach to their base life insurance policies to enhance coverage or…