FAQs

Non Life Insurance

07 Mar 2003

Under the Boiler Explosion insurance policy, boilers and pressure plants come under the purview of statutory regulations. The warranties that are applied under the policy provided that:

  • Boilers are annually inspected by inspectors appointed by the government except where there is no statutory requirement for government inspection. The inspections have to be carried out by an independent and competent person
  • Only attendants holding a valid certificate of competency issued under the appropriate Boiler Act shall only operate the boilers. The policyholder shall be in possession of the unqualified permission in writing of the competent inspecting authority to operate the boiler.

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