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What is Free Look Period in Insurance?
When buying an insurance policy, there is always that feeling of uncertainty—did you make the right choice? What…
What are Compensatory Damages in Insurance?
Imagine facing financial losses due to an unforeseen event—an accident, property damage or a legal liability claim. How…
What Is Care, Custody and Control (CCC) in Insurance?
In the world of insurance, there are numerous terms and concepts that business owners, individuals and policyholders need…
What Are Surety Bonds Insurance?
In India, the construction and contracting industries are booming and with them comes the need for financial security…
What Is Waiting Period in Health Insurance?
Imagine buying a Health Insurance Policy only to find out that you can’t claim benefits immediately. Sounds frustrating,…
Trade Credit Insurance vs Letter of Credit
Trade finance is the backbone of international trade, especially in a dynamic and fast-paced economy like India. Exporters,…
What is the Principle of Insurable Interest in Insurance?
Imagine purchasing insurance for your neighbour’s car—sounds strange, right? Insurance is a powerful tool for managing risk, offering…
What is the Principle of Subrogation in Insurance?
Did you know that insurance isn’t just about compensation—it also involves a legal principle that empowers insurers to…
What is a Deductible in Insurance?
Have you ever come across the term ‘deductible’ while reviewing your insurance policy and wondered what it really…
Insurance Ombudsman: Everything You Need To Know
In a country where the insurance industry is growing at an unprecedented pace, ensuring the protection of policyholders’…