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Cover for art has tough norms
Items costing under Rs 1 cr are covered under householders’ policy; there are specific schemes for more expensive ones. You may have spent Rs 90 lakh to buy a painting, but most insurance companies are not likely to cover it. While select private insurers like ICICI Lombard, Tata AIG and IFFCO Tokio provide specialised insurance covers for 'art' items, the minimum value they look at is in excess
Items costing under Rs 1 cr are covered under householders’ policy; there are specific schemes for more expensive ones. You may have spent Rs 90 lakh to buy a painting, but most insurance companies are not likely to cover it. While select private insurers like ICICI Lombard, Tata AIG and IFFCO Tokio provide specialised insurance covers for 'art' items, the minimum value they look at is in excess
Insurers fight again for Air India contract
ICICI Lombard gives lowest offer but rival insists on probe.
ICICI Lombard gives lowest offer but rival insists on probe.
Iffco-Tokio, OLRDS in pact for insuring cattle
Iffco-Tokio General Insurance (ITGI), a general insurance providing company has signed a Memorandum of Understanding (MoU) with the Orissa Livestock Resources Development Society (OLRDS), state
Steer towards an insurance bonus
For every year of no claim, the car owner gets discount on next year’s premium till it reaches 50 per cent of the first premium.
For every year of no claim, the car owner gets discount on next year’s premium till it reaches 50 per cent of the first premium.
Irda cracks whip on insurers
10 companies to be penalised, Reliance General attracts biggest penalty.
10 companies to be penalised, Reliance General attracts biggest penalty.
Hit-and-run claims triple in a year
With the number of hit-and-run road accidents seeing a sharp rise last year, non-life insurance companies have seen a three-fold rise in claims settled under the Solatium Fund.
With the number of hit-and-run road accidents seeing a sharp rise last year, non-life insurance companies have seen a three-fold rise in claims settled under the Solatium Fund.
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