Zen Vichaar

      A OG (Act of God) Perils Extension in Commercial General Liability (CGL) policies refers to the inclusion of natural and unpredictable events under the coverage of the policy. AOG perils are events beyond human control, often caused by natural forces, and their inclusion can significantly broaden the scope of a standard CGL policy. These perils are not covered automatically in a CGL but have to be purchased separately as an add-on. Let us look at this aspect of CGL policies in more detail. Indian firms looking to buy a CGL policy should ideally opt for an AOG perils extension because the country is geographically prone to various natural disasters such as earthquakes, cyclones, and floods. Including AOG perils in a CGL policy will help businesses in disaster -prone areas to protect against liabilities arising from damage or injury caused during such events. AOG Perils covered in a CGL policy Earthquake Floods (including inundation, cloudburst, etc.)...

  Getting a health insurance policy has become necessary in today’s time of increasing medical costs. With a health insurance policy, one can access quality medical care without burning a hole in one’s pocket. But, not everyone is keen to buy a health insurance policy. This is influenced by the view that you do not require health insurance coverage if you are young or healthy or both. In India, 400 million people have no health insurance, which is about 30 percent of the population. There can be a multitude of reasons for not having health insurance coverage, affordability, lack of awareness, complex nature of health insurance policies, limited coverage in policies, absence of tailor-made products, or negative experiences with health insurance companies.  A significant factor that discourages individuals from buying health insurance is that the premium amount of the policy increases yearly. The proportional increase in the premium amount with every annual renewal is a majo...

  In India, Commercial General Liability (CGL) insurance policies provide coverage for liability arising out of bodily injury, property damage, and other associated risks due to the insured's business operations. While fire damage is not directly the primary focus of a CGL policy, it can be covered in specific circumstances under the property damage liability section. A CGL policy typically covers third-party property damage caused by fire. However, it is important to note that the coverage applies only to liabilities arising from fire incidents that affect third parties. Damage to the insured's own property or premises is not covered under CGL and requires separate property insurance. Here are more details on the in a CGL policy: Third-Party Property Damage If a fire occurs on the insured premises and damages third-party property , the CGL policy typically provides coverage for the resulting legal liability. For example: A fire originating in a factory damages a ne...