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Free Wealth Management advice on Mutual Funds, Insurance, Bonds, Post Office Saving Schemes and Small Savings
   

   
Free Wealth Management advice on Mutual Funds, Insurance, Bonds, Post Office Saving Schemes and Small Savings
Free bse nse stock tips on mobile by sms
LIFE INSURANCE
Plans by Bajaj Allianz
Plans by HDFC Standard Life Insurance
Plans by Life Insurance Corporation of India (LIC)
Plans by Kotak Mahindra Old Mutual Life Insurance Co. Ltd.
NON LIFE INSURANCE
Motor Insurance
Home Insurance
Mediclaim
Travel Insurance
Marine Insurance
Exclusions
Exclusions

EXCLUSIONS - Motor

The Company shall not be liable under this Policy in respect of

1.

Any accidental loss or damage and/or liability caused sustained or incurred outside the geographical area

2.

Any claim arising out of any contractual liability

3.

Any accidental loss damage and/or liability caused sustained or incurred whilst the vehicle insured herein is

a.

Being used otherwise than in accordance with the 'Limitations as to Use' OR

b.

Being driven by or is for the purpose of being driven by him/her in the charge of any person other than a Driver as stated in the Driver's Clause.

4.

a.

Any accidental loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or any consequential loss

b.

Any liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionising radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. For the purpose of this exception combustion shall include any self-sustaining process of nuclear fission.

5.

Any accidental loss or damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material

6.

Any accidental loss damage and/or liability directly or indirectly or proximately or remotely occasioned by contributed to by or traceable to or arising out of or in connection with war, invasion, the act of foreign enemies, hostilities or warlike operations (whether before or after declaration of war) civil war, mutiny rebellion, military or usurped power or by any direct or indirect consequence of any of the said occurrences and in the event of any claim hereunder the insured shall prove that the accidental loss damage and/or liability arose independently of and was in no way connected with or occasioned by or contributed to by or traceable to any of the said occurrences or any consequences thereof and in default of such proof, the Company shall not be liable to make any payment in respect of such a claim

DEDUCTIBLE - Motor

The Company shall not be liable for each and every claim under Section - I (loss of or damage to the vehicle insured) of this Policy in respect of the deductible stated in the schedule (depending on the type of vehicle).

The Company shall not be liable to make any payment in respect of :-

1.

Consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakages

a.

Damage to tyres and tubes unless the vehicle is damaged at the same time in which case the liability of the company shall be limited to 50% of the cost of replacement, and

b.

Any accidental loss or damage suffered whilst the insured or any person driving the vehicle with the knowledge and consent of the insured is under the influence of intoxicating liquor or drugs.

 

EXCLUSIONS – Home - Fire

The Company shall not be liable under this Policy in respect of

1.

Loss, destruction or damage caused by war, invasion, act of foreign enemy hostilities or war like operations (whether war be declared or not), civil war, mutiny, civil commotion assuming the proportions of or amounting to a popular rising, military rising, rebellion, revolution, insurrection or military or usurped power.

2.

Loss, destruction or damage directly or indirectly caused to the property insured by:

a.

Ionising radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.

b.

The radioactive, toxic, explosive, or any other hazardous properties of any explosive nuclear assembly or nuclear component thereof.

3.

Loss, destruction or damage to bullion or unset precious stones, any curios or works of art for an amount exceeding Rs.10,000, manuscripts, plans, drawings, securities, obligations or documents of any kind, stamps, coins or paper money, cheques, books of accounts or other business books, computer systems, records, explosives unless otherwise expressly stated in the policy.

4.

Loss, destruction or damage to any electrical machine, apparatus, fixture, or fitting arising from or occasioned by overrunning, excessive pressure, short circuiting, arcing, self heating, self heating or leakage of electricity from whatever cause (lightning included) provided that this exclusion shall apply only to the particular electrical machine, apparatus, fixture, or fitting so affected and not to other machines, apparatus, fixtures, or fittings which may be destroyed or damaged by fire so set up.

5.

Expenses necessarily incurred on:

a.

Architects, Surveyors and Consulting Engineer's fees and;

b.

Debris removal by the insured following a loss, destruction or damage to the property insured by an insured peril in excess of 3 percent and 1 percent of the claim amount respectively.

6.

Loss by theft during or after the occurrence of any insured peril except as provided under Riot, Strike and Malicious Damage cover.

7.

Any loss or Damage occasioned by or through or in consequence directly or indirectly due to earthquake, volcanic eruption, or other convulsions of nature.

8.

Loss or Damage to property insured if removed to any building or place other than in which it is herein stated to be insured, except machinery and equipment temporarily removed for repairs, cleaning, renovation or other similar purposes for a period not exceeding 60 days.

 

EXCLUSIONS – Home - Pre Packaged Coverages

1.

Excess: The first Rs.250 (or 1 percent of respective sum insured in case of Television and /or Refrigerator, whichever is higher) of every claim in respect of the Benefits of Fire, Burglary, and Baggage, Jewellery and valuables, cash in transit (Rs.100 in case of Pedal Cycle and Rs.1000 in case of transit of household goods)

2.

Underinsurance : In case the actual value of insured property at the time of loss under Fire Benefit is found to be greater than the sum insured opted by you then the claim would stand to be reduced in the same proportion.

3.

Wilful destruction of property, loss, damage or destruction caused by war perils, wear and tear and atmospheric conditions etc.

4.

Losses when premises are unoccupied beyond 60 consecutive days.

5.

Terrorism Damage (unless specifically covered).

 

EXCLUSIONS – Home - Supreme

1.

Excess: The first Rs.250 (or 1 percent of respective sum insured in case of Television and /or Refrigerator, whichever is higher) of every claim in respect of the Benefits of Fire, Burglary, and Baggage, Jewellery and valuables, cash in transit (Rs.100 in case of Pedal Cycle and Rs.1000 in case of transit of household goods)

2.

Underinsurance : In case the actual value of insured property at the time of loss under Fire Benefit is found to be greater than the sum insured opted by you then the claim would stand to be reduced in the same proportion.

3.

Wilful destruction of property, loss, damage or destruction caused by war perils, wear and tear and atmospheric conditions etc.

4.

Losses when premises are unoccupied beyond 60 consecutive days.

5.

Terrorism Damage (unless specifically covered).

Insurance is subject matter of solicitation.