IRDAI License Number: IRDAI/INT/ISNP/2022/250

Blogs

Permanent Partial Disability (PPD)

PPD or Permanent Partial Disability is the coverage given under the group personal accident policy. The benefit offered is like permanent total disablement but in this scenario, the disablement is only partial and not total but is irrecoverable. In case of an accident, the policyholder shall be compensated as per...

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Dewatering Expenses

Dewatering expense is an exclusion in the Contractors All Risk insurance policy but the coverage for the dewatering can be included in the main policy by paying extra premium. A dewatering add-on or warranty is normally added to the Contracts All Risks Insurance Policy mainly if the policy is regarding...

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Cross Liability

What Is Cross-Liability Insurance? Cross-liability is an addition that offers coverage for insurance policies to cover multiple insureds and provide cover for both parties if one makes a claim against the other insured. Cross-liability coverage handles the different insureds covered under the same contract as if they have their own...

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Importance of Floater Cover under CPM Policy

In the insurance domain, floater is a word that we come across in health insurance and property insurance. In health insurance- it indicates the coverage being available to one/all members of the family for the total sum insured in the policy. In fire or burglary insurance- it means covering properties...

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Dismantling & Shifting of Non Mobile CPM (Transit Risk)

In the first blog we have explored the floater cover. We have seen that the floater cover is a comfort factor for a person involved in multi-location contract work. However, we still need to address the issue of a policy cover during movement between the locations. We also need to...

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