What are environmental hazards?

Environmental hazards are natural or man-made conditions that increase the potential for harm to human health and the environment. These include floods, earthquakes, severe weather, or pollution, which can lead to dangerous conditions or injuries.

What is umbrella insurance, and why is it beneficial for gig workers?

Umbrella insurance provides additional liability protection beyond standard policies, covering legal costs and large claims for freelancers with potential exposure to lawsuits or contract disputes.

What is the role of IRDAI in reinsurance?

IRDAI regulates reinsurance companies by approving their operations, setting financial requirements, and ensuring a stable risk-sharing mechanism. It promotes competition and ensures that Indian insurers have access to adequate reinsurance support.

Are preventative treatments like flea and tick prevention covered under Routine Care?

Yes, most Routine Care plans cover preventative treatments such as flea and tick medications, heartworm prevention, and other preventive measures to keep pets healthy and avoid future health issues.

How does a whole life insurance policy impact estate planning?

Whole life insurance provides tax-free inheritance, liquidity for estate taxes, and can be used in trusts to preserve wealth for heirs.

Is NCB available for both cars and two-wheelers?

Yes, NCB is applicable for both private cars and two-wheelers under comprehensive insurance policies. The discount structure and eligibility criteria remain the same, depending on the claim-free years.

How does AI help in detecting fraudulent claims?

AI detects fraud by analyzing anomalies in claims data, identifying suspicious patterns, cross-referencing historical fraud cases, and using machine learning to flag high-risk claims for further review.

What is an "unfair trade practice" in insurance?

An unfair trade practice in insurance includes actions like false advertising, misrepresentation of policy terms, or denying valid claims, all of which are prohibited by consumer protection laws.