Yes, you can include your parents in your existing family floater plan while renewing your policy
My parents have a health insurance under a group insurance scheme from their bank. I want to include them in my family floater. Can I transfer them while renewing my policy? And what if their existing policy is still in force at that time?
- Akash Rajput
Yes, you can include your parents in your existing family floater plan while renewing your policy. While doing so, you must keep in mind that the premium for family floater plans is based on the age of the oldest member, which means paying a substantially higher premium. Additionally, your parents will be required to undergo pre-policy medical checkups. Furthermore, fresh waiting periods and exclusions will apply. Your parents can be covered simultaneously under both the group policy from the bank and any other health insurance policy cover (either on individual or floater basis).
My car's side view mirror was damaged and it also got some scratches. Is it a good idea not to claim insurance for these repairs so that my No Claim Bonus is not affected? These repairs will not cost me much.
- Rohan Kini
It is always best to evaluate the claim, before deciding to file a claim. The policy may also have a deductible amount, therefore, you will have to compare the cost of repair versus the No claim Bonus amount and take a call accordingly.
Will I get NCB if my policy lapsed? Since I was out of the country for a few months I forgot to renew my car's insurance policy.
- Suresh Narang
As per Indian Motor Tariff Provision, No Claim Bonus can be availed up to 90 days from the expiry of the policy provided. Since no claims have been made in the previous policy and if it is beyond this period, NCB cannot be carried forward.
Pushan Mahapatra, MD & CEO, SBI General Insurance
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