FAQs

Non Life Insurance

06 Mar 2003

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rcumstances under which a discount is offered on the amount of premium to be paid:

  • Where the insured is prepared to bear a fixed amount in respect of every claim for damages to the vehicle.
  • A discount commonly referred to as bonus is allowed on the premium when no claims are made against the policy during the relevant previous year.

Note:

Loading called malus is otherwise charged on the premium if the insured has made a claim during the relevant previous year.

A 5 percent discount is allowed if the insured is a member of a recognised Automobile Association (the amount of discount will not exceed Rs.100/- for private cars).

Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

AMFI Registered Mutual Funds Distributor | ARN-52619 |Validity: 20/08/2027