For buying a new policy call 094444 48899. For customer service call 1860 425 0000.
Search The Blog
Posted by Royal Sundaram on 12 Feb 2010
Voluntary deductible or excess is that portion of any claim, which is not covered by the insurance company. It is usually a standard amount specified in the policy document which the insured is willing to pay out of his pocket. This amount is fixed as per the policy terms and conditions and must be paid by the insured before the benefits of the policy can apply.
In case of auto insurance, your deductible will vary depending on the cubic capacity (CC) of your vehicle. The standard rule is, the higher the deductible, the lower the premium.
Join over 25,000
of your peers and receive our italk (insurance talk) newsletter with actionable advice on travel, motor, health and home needs right in your inbox!
*We won't spam you, promise