With increasing number of road accidents and theft of vehicles and their parts purchase of insurance policy is a sine qua non.
The annual insurance premium of Rs 6,000 will be deducted from the employees salary in monthly instalments of Rs 500 each.
If an accident takes place, it is your primary duty to stop the vehicle and carry out an inspection.
IRDAI which governs the sensitive insurance sector deals in public money running into thousands of crores does not have policies for Whistleblowers and a Vigilance Manual.
The lockdown has hit the insurance agents hard because their income is dependent on the policies they sell and the commission on premium payments. Selling new policies became very tough because of the financial crisis.
The deal will help HDFC Life, the country's largest private-sector insurer, strengthen its foothold in south India.
The government raised insurance cover on deposit five-folds to Rs 5 lakh to provide support to depositors of ailing lenders like Punjab and Maharashtra Co-operative Bank.
Motor vehicles insurance claim has been classified into two categories: cashless claim and reimbursement claim.
When a devastating second wave of the pandemic peaked in India during April and May, the numbers of people aged between 25 and 35 buying term insurance was 30% higher than in the previous three months combined.
Farmers can inform Krishi Bhavan authorities and apply online for compensation for damage to crops