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Did You Know

We at Alert Insurance Brokers Pvt. Ltd. ensure that our customers make an informed decision before buying an Insurance policy. There are so many add on covers & extensions available for each Insurance product. The choice our customers make while purchasing an Insurance policy is directly related to the benefits availed during an unfortunate event of a claim.


Important Tips on Motor Insurance
  • Your Own Damage Motor Insurance Claim can be rejected due to wrong declaration of No claim Bonus (NCB) discount. This rule applies to all Insurance companies.
  • If you intimate a claim and decide not to go ahead with the claim you have to send a mail to the Insurance company that you are withdrawing the claim within within a stipulated time else you will not be eligiable for No Claim bonus discount during renewal
  • Your Motor Insurance claim may be rejected if the claim is not informed to the Insurance Company immediately.
  • The Insurance surveyor must be given an opportunity to inspect the vehicle before the repairs are carried out.
  • Check if cashless facility is available with your preferred workshop before buying a Motor Insurance policy.
  • Most of the Insurance companies restrict Add on cover benefit only till 2 claims in a year. For e.g 3rd claim in the policy year will be paid after deducting depreciation.
  • Most of the Insurance companies do not pay accumulated damages during a claim. It is recommended to immediately intimate & claim then and there for hassle free claim experience.
  • Insurance company may insist on FIR to pay multiple damages during a single accident.
  • Maximum No Claim Bonus Discount slab is 50%
  • Selling your old vehicle which has No claim bonus discount? If yes, Good news! You can reserve your No Claim Bonus discount percentage by availing a “No claim bonus reservation certificate” from your existing Insurance Company. This certificate is valid for 3 years and the same discount can be used for your new vehicle’s insurance premium. No claim Bonus goes with the registered owner and not with the vehicle.
  • Renew your vehicle Insurance well in advance and ensure a copy of the Insurance is kept in the vehicle at all times.
  • Third Party Motor Insurance is compulsory as per law What is the Penalty for driving a vehicle without Insurance?
  • You would be charged a fine of Rs. 1000 by the Traffic police, and/or be imprisoned for 3 months.

Private car Insurance:

Save up to 63% De Tariff discount on Own Damage premium for high end cars

You can now avail Nil Depreciation add on cover for your private car Insurance (Available up to age 11 of the vehicle)

Under car Insurance you can avail Add on covers like Nil Depreciation, Consumables, Engine Protect, Return to Invoice, Loss of key …etc (Available up to age 5 of the vehicle)

Note: Insurance Company may reject Own Damage portion of your claim if you have wrongly  declared  and availed No claim Bonus while buying / renewing your policy.

For more details click the below link:

Two wheeler Insurance:

You can now avail Nil depreciation add on cover for your Bike Insurance(up to age 5)

You can now buy Long Term Two Wheeler Insurance policy. Options include 2 and 3 year policy period

Do not have your previous Two Wheeler Insurance Policy? Good News.You can still buy a new policy without any inspection from Policy99.com Go through the "Break in" Flow...

Note: Insurance Company may reject Own Damage portion of your claim if you have wrongly  declared  and availed No claim Bonus while buying / renewing your policy.

For more details click the below link:

Commercial Vehicles:

Opt for Nil Depreciation add on cover with various options till age 5 of the vehicle

Opt for IMT 23 add on cover on Commercial vehicle Insurance which will also cover bumper, head light…etc

Ask for overturning cover for cranes and other misc. types of vehicles

Note: Insurance Company may reject Own Damage portion of your claim if you have wrongly  declared  and availed No claim Bonus while buying / renewing your policy.

For more details click the below link:

Mediclaim / Health Insurance:

Under Mediclaim Insurance you can now avail Sum Insured up to Rs 1.50 Crores

Some Insurance companies also cover Hospitalization Treatment availed outside India for certain critical illness

Ideally 1% of your Mediclaim Sum Insured must be the room rent during hospitalization.

Ask for Super Top Up Policies which are very cheaply priced

You can also buy Critical Illness plan to get lump Sum payment of Sum Insured 30 days after diagnosis of specific critical illness

Look for the following waiting periods before buying a policy.Waiting period of First 30 days, 1st year, 2nd year, 4th year, pre existing diseases

Be aware of Sub limits if any

Opt for add on premium like ( Offered only by few Insurance Companies) :

a) No Proportionate deduction

b) Maternity expenses

c) Extended Cataract Limit

It is not advicable to change your mediclaim insurance company. If you are not satisfied with your existing Insurance company you can port to another Insurance company 45 days in advance.

If you already have any pre existing health condition then getting the portability becomes very difficult. 

Most of the Insurance companies pay 30 days pre and 60 days post hospitalization expenses related to the same teatment / hospitalization 

Ensure that the Doctor's prescription , X- Ray , X Ray report, Poof of Payment and Invoice are all available while claim submission

For more details click the below link:



Overseas Travel Insurance:

Under overseas Travel Insurance round trip Premium starts as low as Rs 603

Overseas mediclaim Insurance can be taken before leaving the Republic of India

In patient Hospitalization is not a must to avail claims under most Travel Insurance policies

If you are a frequent traveler you can opt for Annual Multi Trip Overseas Travel Insurance

For more details click the below link:


Fire & Allied Perils:

To avoid under insurance deduction during a claim it is strongly recommended that the Sum Insured indicates as follows:

Building, Furniture fixtures and fittings :Reinstatement value basis (i.e New for Old)

Plant ,Machinery, Equipment’s, Air Conditioners & Stabilizers, Generators, Transformer and accessories: New replacement value basis

Stocks :Market Value Basis

Under Insurance formula % = Sum Insured / New replacement value X100

During claim the items Insured must appear in the Profit & Loss Account & Balance sheet of the Insured

Building must be constructed as per Approved plan for Insurance claim

For stocks ensure you have a stock register, Stock movement register, Gate pass...etc is maintained

Be aware of warranties like :
Basement warranty, Sub limits ,Open stock warranty…etc and take an informed decision while finalizing any Insurance policy.

Claim consultancy:

You can now avail Claim Consultancy for a nominal fees even if you have not bought the policy through us.

Click the below link: