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What is Insurance?
By making a small periodical payment called premium you can be protected from financial losses due to an unforeseen event.
Your insurance policy in such cases provides compensation. By this process one person's misfortune is spread over all the
people who contribute to the common fund by way of premium. The purpose of Insurance is to put you back in the same financial
position as you were in prior to the loss.
What can be insured?
You can insure any property that you own, any legal liability that you may be exposed to or even yourself. Insurance can only
be bought for events that are unforeseen.
What are the different kinds of Insurance for Individuals?
As an individual you can insure your property and other belongings under Fire and Special Perils or Homeowner's Insurance
policy and your motor vehicle under Motor Comprehensive or Third Party Insurance policy.
What types of Insurance are available for a Commercial establishments?
As a Commercial establishment you can insure your business under Fire and Special perils or Property All Risk, Business Interruption,
Liability, Money, Fidelity Guarantee, Marine Cargo Insurance Policies. These are just some of the Insurance available and if you
give us a call then we will help you in choosing the right insurance policies for your Business.
How do I buy an Insurance Policy?
You can do any of the following things in order to get your Insurance Policy: Call us and we identify your insurance requirements
and will help you in buying the right insurance policy. And there is no cost for this service or a commitment to buy from us.
Complete and submit the appropriate proposal form and we will get in touch within one working day and help you in the purchase
of Insurance policy.
What amount should I insure for?
If you are insuring your house and its contents then you should insure for the rebuilding cost of the house and the replacement
cost of the contents. If you are insuring your business then you should insure for the replacement cost of your business assets
other than stock (which is insured on actual value). As businesses tend to have different needs why don't you give us a call or
drop us an email and we will be happy to sit down with you and discuss your insurance and help you to make the right choice. If you
are insuring your motor car against comprehensive risk then you should insure for an amount that your car would fetch from the market
in its present condition.
Will AIG survey the property before providing the insurance?
There is a possibility that we may survey your house or your business establishment prior to submitting our quotation and effecting an
insurance cover. The decision to survey will be based on the information provided in the proposal form. This survey is carried out to
ensure that you are provided with the right insurance policy at the most competitive terms. During this survey we may make a few
suggestions to improve the overall quality of the property to be insured. This will help in minimizing your premium and reducing the
chance of a loss.
How long will it take for the Insurance to be effected?
Your insurance will be effected as soon as you pay the premium quoted and in certain cases fulfill all the requirements mentioned in
our quotation. You will receive our confirmation of cover when the insurance is effected. The Policy document will follow in a few days
time.
What should I do if I have to make any changes in my Insurance policy?
Send an email, fax or a letter to us advising the change that has taken place under your policy immediately. The change under the policy
could take place for many reasons, for example you have bought new items in your house or you have changed address or you are going on
an extended vacation during which the house will remain vacant. On receiving your advice we will get in touch with you and advise an
appropriate course of action.
What happens if I have a claim?
If you have a claim notify us immediately and our surveyor will be at your site within one working day from the date of intimation.
Meanwhile please take necessary action of reporting the incident to Police, Traffic etc. as the case may be. Our representative will
guide you through the basic procedures when you report a claim.
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