domain | policyholder.gov.in |
summary | Insurance on full value and first loss basis have different terms for claims. In full value, if losses exceed the Sum Insured, average conditions apply; in first loss, even with excess loss, liability remains until the Sum Insured is reached. Some policies also offer Reinstatement Value Basis to cover the cost of creating a new asset rather than the depreciated or market value of the old one. |
title | Home - Policy Holder - IRDAI |
description | Home - Policy Holder - IRDAI |
keywords | insurance, policy, claim, insured, health, premium, will, value, period, loss, policies, life, cover, insurer, property, there, have |
upstreams |
careinsurance.com |
downstreams |
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nslookup | A 13.107.246.43 |
created | 2024-02-13 |
updated | 2024-10-22 |
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