1. Subject to the limits of liability as laid down in the Schedule hereto the Company will indemnify the insured in the event of an accident caused by or arising out of the use of the insured vehicle against all sums which the insured shall become legally liable to pay in respect of:- a) death of or bodily injury to […]
MOTOR – Subject to a deduction for depreciation
MOTOR – Subject to a deduction for depreciation at the rates mentioned below in respect of parts replaced: 1) For all rubber / nylon / plastic parts, tyres and tubes, batteries and air bags – 50% 2) For fibre glass components – 30% 3) For all parts made of glass – Nil 4) Rate of depreciation for all other parts […]
Types of Insurance
An arrangement with a company in which you pay them regular amounts of money and they agree to pay the costs if, for example, you die or are ill, or if you lose or damage something
History of Insurance in India
In India, insurance has a deep-rooted history. It finds mention in the writings of Manu (Manusmrithi), Yagnavalkya (Dharmasastra) and Kautilya (Arthasastra).