IndiaInsurance
19th October 2011, 08:24 AM
Your insurance policy is expected to deliver when things go wrong. The insurance company promises to pay the sum assured when an insured event occurs, provided the policyholder has paid the premium in advance. But to bring down the possibility of anti-selection and also limit losses, insurers introduce the concept of exclusions to the cover offered. Exclusions simply connote conditions that an insurance contract does not cover.
More... (http://economictimes.indiatimes.com/personal-finance/insurance/analysis/terms-and-conditions-that-an-insurance-contract-does-not-cover-/articleshow/10408781.cms)
More... (http://economictimes.indiatimes.com/personal-finance/insurance/analysis/terms-and-conditions-that-an-insurance-contract-does-not-cover-/articleshow/10408781.cms)