Renew Existing Policies:
Do I have to renew policy every year?
Yes
How can I renew the policy?
Typically General Insurance contracts are for one year period only
What is Reinsurance?
It is an arrangement by which insurance companies spread their risk with other underwriters or reinsurance companies called Reinsurance.
Where can I get the Insurance?
IRDA the chief regulatory body allows various Insurance companies to operate in the country and offer general insurance products. Currently there are 21 General Insurance companies offering GI products in India.
Am I eligible for discounts?
Discounts are generally available on renewal, but please check with companies for individual offerings.
Why should I fill up proposal form for buying Insurance?
Insurance is a contract between the insured and the insurer and the proposal form acts like offer from insured side. Moreover, it contains all the required information for the preparation of the policy which is a contract document.
What is a Premium?
Premium is the fixed amount of sum paid over the period by the insured to the insurance company to take insurance policy and to complete the contract of insurance.
- Use our easy and simple insurance policy purchase system to make a transaction
- What’s more. We give you a wide choice of payment options like credit cards / debit cards / net banking.
- Once you complete the process, you can download & print a copy of the policy. The same will be sent to your registered email id.
- Don’t forget to mention your email id.
- You can currently buy and renew your policies for following products
- AutoSecure Car Insurance
- Auto Secure Two Wheeler Package Policy
- Accident Guard
- Hospital Care
- Secured Future Plan
- Critical Illness Policy new_animated
- Maharaksha Personal Injury Plan new_animated
- Income Guard Policy new_animated
- Individual Accident & Sickness Hospital Cash new_animated
- Group Accident &Sickness Hospital Cash Policy new_animated
- Secured Income Plan new_animated
- Family Care Protection Plan new_animated
- Wellsurance Executive Policy new_animated
- Wellsurance Family Policy new_animated
- Wellsurance Woman Policy new_animated
- MediPrime new_animated
Do I have to renew policy every year?
Yes
How can I renew the policy?
- Approach the insurance company well in advance before your expiry date of your policy.
- Seek an approval from the company on the intention of renewing your policy if you have not received a renewal letter / intimation
- Seek premium & other relevant details
- Pay the premium and take premium receipt and cover note/risk held note
- Wait for documents
- Check for its correctness on receipt and store it carefully
- Seek an explanation from the company
- Clarify doubts if any
- Find any other company if the existing insurer doesn’t renew
Typically General Insurance contracts are for one year period only
What is Reinsurance?
It is an arrangement by which insurance companies spread their risk with other underwriters or reinsurance companies called Reinsurance.
Where can I get the Insurance?
IRDA the chief regulatory body allows various Insurance companies to operate in the country and offer general insurance products. Currently there are 21 General Insurance companies offering GI products in India.
Am I eligible for discounts?
Discounts are generally available on renewal, but please check with companies for individual offerings.
Why should I fill up proposal form for buying Insurance?
Insurance is a contract between the insured and the insurer and the proposal form acts like offer from insured side. Moreover, it contains all the required information for the preparation of the policy which is a contract document.
What is a Premium?
Premium is the fixed amount of sum paid over the period by the insured to the insurance company to take insurance policy and to complete the contract of insurance.
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