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Terms and Conditions

Date: 13th sep 2023

Vedant Insurance Terms and Conditions

Introduction

Welcome to Vedant Insurance. These terms and conditions (“Terms”) govern your use of our insurance products and services. By purchasing or using any of our products or services, you agree to be bound by these Terms. Please read them carefully.

Definitions

  • Policyholder: The individual or entity purchasing an insurance policy from Vedant Insurance.
  • Insured: The individual or entity covered under the insurance policy.
  • Company: Vedant Insurance, its affiliates, subsidiaries, employees, agents, and representatives.
  • Policy: The insurance contract between the Policyholder and Vedant Insurance, including all schedules, endorsements, and amendments.
  • Premium: The amount paid by the Policyholder to Vedant Insurance for coverage under the Policy.

 

Eligibility

To be eligible for our insurance products, you must meet the following criteria:

  • Be at least 18 years of age.
  • Provide accurate and complete information during the application process.
  • Comply with all applicable laws and regulations.

Coverage

Coverage provided by Vedant Insurance is subject to the terms, conditions, exclusions, and limitations specified in the Policy. The Policy outlines the scope of coverage, including:

  • Types of coverage (e.g., health, life, auto, home).
  • Coverage limits and deductibles.
  • Exclusions and limitations.

Premiums and Payments

  • Premiums must be paid in full or as agreed in the payment schedule outlined in the Policy.
  • Failure to pay premiums on time may result in the cancellation of coverage.
  • Premiums are non-refundable except as specified in the Policy.

 

Claims

To file a claim, the Policyholder or Insured must:

  • Notify Vedant Insurance as soon as reasonably possible after an incident.
  • Provide all necessary documentation and information as requested by Vedant Insurance.
  • Cooperate fully with the claims investigation and settlement process.
  • Claims are subject to review and approval by Vedant Insurance in accordance with the Policy.

Cancellation and Termination

  • The Policyholder may cancel the Policy at any time by providing written notice to Vedant Insurance.
  • Vedant Insurance may cancel the Policy for reasons including, but not limited to, non-payment of premiums or misrepresentation by the Policyholder.
  • Upon cancellation, any unearned premium may be refunded on a pro-rata basis, as specified in the Policy.

 

Privacy and Confidentiality

Vedant Insurance is committed to protecting your privacy. We will handle your personal information in accordance with our Privacy Policy, which is available on our website.

Amendments

Vedant Insurance reserves the right to amend these Terms at any time. Any amendments will be effective upon notice to the Policyholder, which may be provided via email, mail, or our website.

Governing Law

These Terms and the Policy shall be governed by and construed in accordance with the laws of the jurisdiction in which Vedant Insurance is headquartered, without regard to its conflict of law principles.

Dispute Resolution

  • Any disputes arising out of or relating to these Terms or the Policy shall be resolved through negotiation in good faith.
  • If a dispute cannot be resolved through negotiation, it shall be submitted to binding arbitration in accordance with the rules of the relevant arbitration body.
  • The decision of the arbitrator shall be final and binding on both parties.

 

Contact Information

If you have any questions or concerns regarding these Terms or your Policy, please contact us at:

By purchasing or using Vedant Insurance products or services, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions.