Terms & Conditions are necessary to regulate the insurance contract and serve various purposes of the insurance contract. If a condition is broken it affects the validity of contract.

Both the insurer & insured must adhere to the laid down terms & conditions. The insurer has the right to deny the claims if the conditions laid down in the policy are not adhered by the insured. They are issued by the insurer in the insurance policy. The list below details

  • Various terms & conditions that are inbuilt in a particular insurance product and
  • Various terms & conditions that can be attached to any insurance product by the insurance company based on it’s Risk appetite/in order to match the requirement of the prospective customer.

Please browse the list of Terms & Conditions Clauses available below @ Universes!

  1. Each feature has been provided a Code with the word “Clauses” suffixed to it. Only Premium Members can view the detailed description of a particular Clause.
  2. Term & Condition Clause specific : The “Codes” beginning with “AVN” are standard clauses with standard wordings. Some of the features that have multiple coverage’s in them, have been suffixed the code viz. (O 1),(O 2) & so on. Summarily, clause viz. AVN 01 C (O 1), AVN 01 (O 2), AVN 01 C(O 3), AVN 01 C (O 4) refers to standard AVN 01 C policy wording with 04 sections available in it and depending on the business need one can opt for any and/or all of them.
  3. The features have been categorized under various heads viz. Additional insured clauses, Amendment clauses, Claim clauses , Employee clauses and so on. Please click on the relevant category to know about the features that might be available/attached to a particular insurance product.
  4. Premium members will be able to know the insurance type to which a particular clause can be attached and will also get a detailed description of each clause.
  5. These features can be used as a basis of comparing the quotes received from various insurance companies. Summarily, the Category viz. “Additional insured Clauses” shows the various clauses that can be attached to cover multiple insured in the same insurance policy.
  6. This is an endeavor to help our esteemed customers to get some idea about what can be purchased/what features can be the basis of comparing insurance products available with different insurance companies. These Clauses reflect only some features and will keep getting updated. Hence, please don’t assume this to be an exhaustive list. However, please feel free to write back to us in case you intend to see any particular clause to be added to this list.