{"id":268,"date":"2020-04-07T16:13:39","date_gmt":"2020-04-07T16:13:39","guid":{"rendered":"https:\/\/sudhirkumarjain.com\/shop\/?p=268"},"modified":"2020-04-09T08:03:22","modified_gmt":"2020-04-09T08:03:22","slug":"insurance-issue-of-the-week-1-burglary","status":"publish","type":"post","link":"https:\/\/sudhirkumarjain.com\/shop\/insurance-issue-of-the-week\/insurance-issue-of-the-week-1-burglary\/","title":{"rendered":"Insurance Issue of the week-1 (Burglary)"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]Most of us observed whenever there is\u00a0 burglary\/theft\u00a0 claim under Burglary Insurance Policy or theft of the vehicle,\u00a0 the Insurer insists to file a FIR and copy of the same to be submitted to Insurer\/Surveyor. If you go through the terms and condition of the respective policy which states the following wordings:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\nBurglary Policy<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
1<\/td>\nNew India<\/td>\nNotice to Police<\/td>\n<\/tr>\n
2<\/td>\nIFFCO Tokio<\/td>\nLodge a complaint to police<\/td>\n<\/tr>\n
3<\/td>\nReliance Insurance<\/td>\nInform the police and get the FIR<\/td>\n<\/tr>\n
4<\/td>\nOriental Insurance<\/td>\nIntimation to Police<\/td>\n<\/tr>\n
5<\/td>\nUnited India<\/td>\nIntimation to Police<\/td>\n<\/tr>\n
6<\/td>\nUniversal Sompo<\/td>\nLodge a complaint to police<\/td>\n<\/tr>\n
7<\/td>\nFuture Generail<\/td>\nLodge a complaint to police<\/td>\n<\/tr>\n
8<\/td>\nNational Insurance<\/td>\nLodge a complaint to police<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nVehicle Insurance<\/td>\n<\/tr>\n
<\/td>\nAs per Indian Motor Tariff in case of theft or criminal act the intimation to the police be given as per condition no.1 of the Policy<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

As per above terms and condition the insurer should not insist for the FIR and should be done away with written complaint to Police\/DDR. But the insured is being harassed for filing a FIR which is contrary to the terms and conditions of the policy issued by the Insurer. Moreover, filing a FIR is a toughest job for an insured.\u00a0 M\/s Reliance General Insurance Company has specified that in case of burglary claim FIR is to be filed<\/p>\n

If we raise the issue before IRDA, the Burglary policy, being non tariff, the respective insurer may revised the terms and condition of the product subject to approval of the IRDA. But Vehicle insurance is tariff business, only IRDA is empowered to modify the terms and conditions.<\/p>\n

All are requested to review the same and give your suggestions on the wordings \u201c Lodge a complaint to police\u201c or\u00a0 \u201cNotice to Police\u201d\u00a0 or \u201cIntimation to police\u201d, whether it amount to filing a FIR. If most of the brokers fraternity agrees to the above conclusion or otherwise so, the further course of action may be taken i.e. to bring to the kind notice of IRDA\/GIC.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text]Most of us observed whenever there is\u00a0 burglary\/theft\u00a0 claim under Burglary Insurance Policy or theft of the vehicle,\u00a0 the Insurer<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-268","post","type-post","status-publish","format-standard","hentry","category-insurance-issue-of-the-week"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts\/268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/comments?post=268"}],"version-history":[{"count":1,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts\/268\/revisions"}],"predecessor-version":[{"id":269,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts\/268\/revisions\/269"}],"wp:attachment":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/media?parent=268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/categories?post=268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/tags?post=268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}