Do's and Dont's - Miscellaneous Insurance - Renewal

Submitted by terminator on Thu, 06/21/2012 - 12:25

It is advisable to renew the policy before the expiry of the policy period so that there is continuity AND YOU DO NOT RUN THE RISK OF REMAINING UNINSURED and no questions will be asked in case in the unlikely event a loss takes place at the juncture of the renewal.
Premium must be paid in advance and a receipt be obtained for the same under Indian Law. (Under 64VB of the Insurance Act cover will not be valid without full payment of premium.)
Kindly ensure that at the time of renewal all details are checked and corrected so that the Insurer can make all modifications in case of change of address or any other material details. Failure to make timely changes can result in delay and/or non-payment of claim.
Please re-check the value or Sum Insured of Insurance so that you are fully covered.
Please re-verify the additional covers you may wish to take so that you are fully covered.
In case of any alteration in the details given by you (that have not been furnished by you during the currency of the policy) like address/location/subject matter of insurance etc, the same will have to be intimated to us for our records and requisite coverage, during renewal. the changes may or may not attract additional premium. please obtain confirmation from us about the incorporation of these changes in our records.

Renewal