A2V INSURANCE BROKERS PVT. LTD.

You can cover Self, Spouse, dependent children and parents.

Health Insurance companies use Co-Payment after insured member turns a certain age. Co-pay is that part of your claim amount, which you have to bear.

You have the option to buy medical insurance either for 1 year, 2 years or 3 years. Buying it for 2 years entitles you to get discounts.

After a claim is filed and settled, the coverage amount would be reduced by the sum that has been paid.

The declared pre-existing illnesses would be covered after the waiting period specified under the policy.

One can pay the medical expense cost from their pocket, post which they can follow the reimbursement claim process to claim the medical expenses from the insurer.

A Hospital, which has an agreement with the insurer for providing Cashless treatment, is referred to as a 'Network Hospital'. Cashless facility is provided ONLY at the network hospitals. Non-network hospitals are those with whom the insurer does not have any agreement and any policyholder seeking treatment in these hospitals will have to pay for the treatment and later claim as per reimbursement procedure.

Yes, you can apply for the policy, however post receipt of the proposal along with the complete medical history of the insured, the policy will be underwritten as per the underwriting guidelines of the insurer, post which the decision on the policy will be shared.

The policy you require depends on the needs, when you are young needs are limited but as you grow you have more responsibility and more dependents attached to you. So, you should choose the best one keeping your future needs in mind.

Sure, purchasing a policy at a particularly younger age, permit you to avail the plan for insurance low premium.

If you stop paying your life insurance premium, your policy will get lapsed after the end of the grace period.

In case your policy nominee dies before you, you can add new nominee. In case if you don’t new nominee, then your legal heir will become your nominee by default.

Life insurance plans such as pension plan/ retirement plan helps to secure your financial future post-retirement.

Insurance providers offer a grace period of 30 days in case a policyholder has missed premium payments.

Premiums for numerous sorts of life insurance policies like whole life insurance stays same, as they do for term insurance plan. However, for term insurance policies, if you want to renew the policy after the coverage period, the rates might also grow to cover the risk of a higher age.

Policy term should be the longest tenure to cover your financial liabilities and provide financial stability to your family. You should choose to be protected till the age of 99 or 85 or 75 as per your needs.

Life insurance policies offer a death benefit, and some provide in-built cash value which can be used to borrow money.

If you have a basic term insurance plan, you will not get your money back at the end of the policy term. However, some insurers offer term insurance plans that provide money back at the end of the term. Such plans come at a higher insurance premium and are called TROP (Term Insurance – Return of Premium).

Yes, Cashless facility is available in Network Hospitals for all Hospitalization (duration >24 Hours).

No, as per our company policy a customer has to purchase policy before starting the journey from India.

International Travel insurance is insurance that covers emergency medical expenses, trip cancellation, lost luggage and other losses incurred while traveling out of India.

Yes, you may request the insurer to extend the policy post paying the proportionate required premium.

No. Every traveler will be issued only one insurance policy for the duration of a single journey.

Yes. You can purchase trip insurance policy on behalf of your parents as a proposer.

Yes. Many insurers offer trip insurance for short-term courses or even for the maximum duration of 3 years.

No, the Sum Insured amount will be applicable on the entire tenure of 2 years.

In general, it is not mandatory to possess a travel policy when travelling. However, certain countries have made it compulsory for foreigners to possess trip insurance while visiting them.

The main difference between a single and multi-trip insurance lies in its validity. While single trip insurance is only valid for the entire duration of one single journey, the multi-trip insurance is valid for multiple journeys undertaken within a year. Single trip insurance begins with the commencement of your journey and ends once you reach back home. On the other hand, Multi-trip insurance starts from the day of its purchase and expires after 365 days or one year.

Fire and other perils (normally covered under a fire insurance policy) can cause loss/damage to buildings. There have been fire accidents that have destroyed multi-storied buildings. Floods can also bring about devastating losses. Similarly, Riots, Acts of Terrorism can also produce huge losses to human lives as well as property.

No. When you apply for a fire insurance policy, the current market value of the property or the Reinstatement value of the property, depending upon the basis of the Sum Insured, should be accurately calculated for arriving at the correct amount to be insured. The compensation payable when a covered loss or damage occurs shall be based on whether or not the property has been insured adequately. If the amount insured is excessive, it will mean overpayment of unnecessary premium; if the amount insured is inadequate you will receive amounts in proportion to the market value only.

Insurers offer ‘All Risks’ policy for covering Jewellery. You must ensure that your Jewellery is valued correctly and you are able to show proof of valuation should a claim occur. An All Risks policy also has exclusions, so go through the terms and conditions thoroughly.

A burglary insurance policy covers goods against the risk of burglary. A burglary insurance policy may also offer extension of cover against theft. A burglary insurance policy will usually cease to operate if the house is not occupied beyond a certain defined period unless you have intimated the insurance company and they specifically agree to extend the cover even when the house is not occupied. It’s a good idea to ensure that you have a burglary policy always rather than opting for one only when you are away. You might not get one if you want to insure the contents only when the house is locked.

In the event of a claim, each insurer will pay the loss amount in proportion to the Sum Insured under their respective policies, in accordance with the principle of contribution. The object of the principle of indemnity is to place the insured in the same place as he occupied prior to occurrence. Insured is prevented from making claim for full amount of loss under each policy. Insurance company indemnifies the insured only to the extent of actual loss suffered subject to depreciation, policy excess etc., and not permit to make profit out of a loss.

Yes

It is better to wait till term gets over and there you should change the insurance company.

Cost will depend on the covered area of your apartment and quality of construction. Assuming that your apartment is of 5000sq.ft. and construction cost per sq. ft is Rs.2000. Then the value of your apartment for insurance purpose will be Rs.1 crore and not Rs. 4 crores (may be Rs. 3 crores are due to land cost). Premium for Rs. 1 crore will be Rs.5000 for 1 year. To this you will have to add the value of the contents, which are to be covered. Premium to be paid will be extra for insurance of contents.

You have to give the following information;

  • Constructed area in sq. ft. and type of construction.
  • Details of all assets & equipment like furniture, electronic equipment, air conditioners/ refrigerator, jewelry along with year of purchase and purchase price.

Yes, you can insure the structure. As far as contents are concerned the tenant can get these insured as he is the owner of those assets.

An IDV is calculated on the basis of the manufacturer’s listed selling price of the brand and model, which will include local duties/taxes, excluding registration and insurance.

Zero DEP refers to Zero depreciation Cover in car insurance. It is an add-on cover that allows the policyholder to get compensation up to the insured declared value (IDV) or current market value of the car without taking depreciation into account. You need to pay an extra premium amount to avail benefits of zero DEP in your car insurance policy.

No, Insurance Act 1938 does not allow you to pay premium for the auto insurance in installments. If you buy online, you can use credit card to make the entire payment and then payback it to the credit card company in installments.

For buying a policy online no documentation is required whatsoever. However, it is advisable to keep the previous insurance policy and RC handy at the time of buying the policy so that all information can be updated correctly in the policy form.

No Claim Bonus can be transferred from one car to another if the policyholder is the same person. It can also be transferred from one insurance provider to another. However, you cannot transfer NCB from one policyholder to another even if the car is sold to someone else.

In case you change your job or city, your car insurance remains to stay valid without being affected. However, you need to get your personal details such as address changed in your policy document.

Roadside Assistance Cover provides you services in the event of breakdown of your vehicle. Just in case you get stranded in the middle of the road due to a car breakdown, you can fetch help with just one call at any time of the day or night. Roadside assistance cover includes towing service, repairs, changing flat tyres and emergency fuel re-feeling etc.

Cashless claims help you to get your vehicle repaired without paying money at the network of the garages of the insurance provider. The insurance company will pay the claim amount directly to the garage.

Most car insurance add-ons are quite affordable. The price of each add-on is dependent on several factors like vehicle age, vehicle type, location etc. You could key in you details into our “Quick Quote” section and receive a quote for a policy along with the add-ons you wish to opt for.

Passengers other than the insured, including a paid driver and cleaner of the vehicle can be insured under this cover by paying an additional premium. This covers them against death or disability caused due an unfortunate accident.

Two wheeler insurance is an insurance policy required to provide protection to your two wheeler against any damage which might result into a financial loss. In addition to it, any third party liability which has arisen due to the use of your two wheeler is covered under two wheeler insurance. As per the Motor Vehicle Act, it is mandatory to buy a Liability only policy without which one cannot use the vehicle on road.

Getting a new insurance policy for your old bike is an easy task. Things you need are:

  • Earlier insurance copy
  • Registration certificate

There are two types of two wheeler insurance – Comprehensive Two Wheeler Insurance and Third Party Two Wheeler Insurance. Having a Third-Party Two Wheeler Insurance is mandatory by law. However, a Comprehensive Two Wheeler Insurance is more recommended.

Yes, it is. You are legally and financially liable to the third party if in case there is an accident. Point to remember; this does not take care of any injuries or damages to you and your bike.

The premium for Two Wheeler Insurance may vary for each policyholder. There are a few factors that define the premium amount, like bike model and make, year of manufacture, engine capacity, geographic location, the age of bike owner, anti-theft device installation, and voluntarily deductible.

You may already know that the monetary value of your Two Wheeler reduces overtime. This eventuality is a result of asset depreciation. Nevertheless, in Two Wheeler Insurance policy, you can combat the losses of depreciation by taking up a Nil-depreciation add-on cover along with your bike insurance. With a zero depreciation cover, you can be assured that the entire claim amount will be paid to you without deducting the depreciation sum.

If your motorcycle policy has expired, you can still renew the policy by making payment online. Your Inspection ID will be generated and post satisfactory inspection and recommendation by surveyor your policy will be issued.

Add-ons are additional covers that you can purchase to strengthen your Comprehensive Two wheeler Insurance policy. Add-ons usually cover risks that are not covered under a standard Comprehensive policy. Make sure to go for Add-ons that meet your requirements and enhance your insurance coverage.

You can contact SafeTree for the soft copy of the Insurance Policy. That soft copy is also a valid policy document.

You can avail discounts on your two wheeler insurance premium by:

  • Installing anti-theft devices certified by the Automotive Research Association of India
  • Opting for Voluntary Deductible
  • Keeping your No Claim Bonus intact