Frequently Asked Questions
One sum insured is available to any covered member in a given policy year, rather than each person holding a separate limit.
Term insurance pays only on death within the term and carries no investment component, which is why it costs less for the same cover.
A ULIP’s returns are linked to market-based fund performance and carry investment risk; an endowment plan typically offers a more predictable, insurer-declared return.
This depends on the plan — typically spouse, children, and sometimes dependent parents. Your advisor will confirm the eligible list.
It depends on the policy — some cover structure only, others bundle structure and contents, and some sell contents cover separately.
Third-party cover pays for damage or injury you cause to someone else and is legally mandatory. Comprehensive cover adds protection for your own vehicle.
Typically active employees of the enrolling organisation, as defined by the scheme rules.
Members of the enrolling group, as defined by the scheme — typically an employer’s workforce.
Fire and a defined set of allied perils; the exact list depends on the plan and any add-ons selected.
Marine cover typically applies to import/export shipments crossing borders; inland transit cover applies to domestic movement within India.
This is governed by current labour law and varies by category of worker — confirm the applicable requirement with legal counsel before relying on it.
Construction equipment declared and valued in the policy schedule — excavators, cranes, and similar site machinery are typical examples.
CAR covers civil construction projects; EAR covers the erection and installation of machinery and plant. Some projects need both.
It can, when the act occurred within the scope of employment and the loss falls within the policy’s defined cover — confirm the specific scope with your advisor.
Not necessarily — many jurisdictions require locally admitted cover alongside or instead of this policy. Confirm the local requirement before relying solely on this cover.
Not always — it depends on the sum insured, industry, and insurer requirements. Your advisor will confirm when one applies.
Each insurance category page also has its own category-specific FAQ section.