Q. When is consent to an agreement considered free in an insurance contract?

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Q. Who must be legally competent to enter into an insurance contract?

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Q. What should be the nature of the object in an insurance contract?

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Q. According to Indian laws, can insurance protection be sold on a credit basis?

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Q. Section 59 of the Insurance Rules allows exceptions to the condition of advance payment of premium for which type of insurances?

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Q. What is the traditional declaration regarding insurance?

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Q. Who is responsible for initiating the solicitation process for insurance?

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Q. What are insurance agents appointed for in the solicitation process?

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Q. What is a grace period in insurance?

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Q. In Life insurance, what is the grace period for paying premiums in case of Monthly mode of Premium collection?

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Q. How long is the grace period for renewing Motor Policies?

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Q. What was the additional grace period allowed for Life insurance policies during the Covid-19 pandemic?

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Q. How long was the grace period allowed for renewing Motor Vehicle Third Party Insurance policies during the Covid-19 pandemic?

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Q. What is a "Free-Look Period" in insurance?

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Q. How long is the Free-Look Period for Life Insurance and Health Insurance policies?

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Q. In what type of insurance policies is the Free-Look Period typically available?

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Q. What does the policyholder need to do if they want to cancel the policy during the Free-Look Period?

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Q. What happens to the premium if a policy is canceled during the Free-Look Period?

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Q. What is the term used for the proportionate calculation of premium when a policy is canceled, and no claims have been paid?

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Q. How do insurers typically handle premium refunds for annual policies when canceled by the insured?

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