What is a deductible in insurance?
The amount you agree to pay out of pocket on every claim, and how it changes your premium.
Guide index
Insurance Guides
One idea per page, written in plain English. Each guide explains a term you will meet on an Indian policy document, what it changes for you in practice, and what to check before you buy or renew. New guides are added over time.
Policy terms
Motor
What is IDV in motor insurance?
The insured declared value sets the ceiling on a total-loss or theft settlement.
What is NCB in car insurance?
A renewal discount that grows with every claim-free year and resets after a claim.
What is third-party insurance?
The mandatory motor cover for legal liability towards other people and their property.
Health
What is a waiting period in health insurance?
The time that must pass before certain conditions or treatments become claimable.
What is cashless health insurance?
Treatment where the insurer settles eligible bills directly with a network hospital.
What is a family floater?
One shared sum insured covering several family members under a single policy.
Prefer the longer guides?
The category pages bring these ideas together in one place: general insurance, motor insurance and health insurance.