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ADDITIONAL TERMS OF SERVICE FOR INSURANCE

(Last Updated: 20th October 2021)

These terms and conditions (“Additional Terms”) are in addition to and not in derogation with CreditMantri’s terms and conditions available here (“Primary Terms”), which Primary Terms are incorporated by reference, and deemed a part of these Additional Terms and shall apply in the event you subscribe to any of the following services offered by CreditMantri. Therefore, please read the Primary Terms along with these Additional Terms (collectively “the Terms”) for a comprehensive understanding of all the terms and conditions subject to which CreditMantri offers its services under its “Insurance Services”

Above subscriptions shall individually be called as “Order” and collectively called as “Orders”

By submitting this Order document and clicking the box indicating acceptance of the Terms, you acknowledge and agree that you have read and understood the Terms as a whole and that the Primary Terms together with these Additional Terms form a legal and binding agreement between us. If you do not accept the Terms as a whole, do not click the box indicating your acceptance hereof. However, please note that you will not be able to submit this Order and we will not be able to provide you with the services under the Insurance Services unless you agree to accept and be bound by the Terms.

All capitalized terms used in these Additional Terms but not defined herein shall have the same meaning as defined under the Primary Terms.

CreditMantri Finserve Private limited is registered with the Insurance Regulatory and Development Authority of India (IRDAI) bearing Certificate of Registration No. CA0665 valid up to 01-Aug-2022 to act as an Insurance Corporate Agent (Composite) and thereby authorized to solicit and service general & life insurance business. Your access and use of the Platform for insurance products (“Insurance Service(s)”) shall be subject to the terms and conditions mentioned below (“Insurance Terms and Conditions”).

ELIGIBILITY

You represent and warrant that you (a) are at least 18 years old; (b) competent to form a binding contract under the Indian Contract Act, 1872; (c) have not previously been suspended or removed from using CreditMantri’s Services and/or the Platform or any part thereof.

YOUR ACCOUNT

If you wish avail of the Insurance Services, you are required to maintain an account on the Platform (“Account”). You will be required to furnish certain information and details, including your name, email id, contact number, financial information, and any other information deemed necessary by CreditMantri in order to create such Account.

TERMS FOR INSURANCE SERVICES

  1. You understand that CreditMantri does not underwrite the policies or act as an insurer. Insurance products are underwritten by the respective insurance companies (each an “Insurance Company”) based on your choice of policy (“Policy”). The Policy is a contract between you and the Insurance Company, and will be the subject matter of solicitation.
  2. Any information that CreditMantri displays on its Platform regarding the Insurance Company or the Policy (“Insurance Information”) and will be as per the information provided to CreditMantri by such Insurance Company. CreditMantri provides such information to you ‘­as-is’ with all errors and to the maximum extent as may be permitted under law, CreditMantri does not make any express or implied representations or warranties as to the accuracy or completeness of such information.
  3. You here by understand that you are responsible for the final choice of your product and you should take the time to read through all information supplied before proceeding. If you are in any doubt regarding a product or its terms you should seek further advice from respective Insurance Company before taking such product.
  4. CreditMantri will not be liable for any consequences you may face as a result of your reliance on such Insurance Information. You are advised to carefully read and understand the terms of the Policy that you intend to purchase. You can reach out to CreditMantri at care@creditMantri.com for any questions.
  5. The acceptance of the premium and final issuance of the Policy by the Insurance Company is subject to the underwriting norms and discretion of the Insurance Company. You hereby understand and agree expressly that CreditMantri shall not be responsible or liable to anyone on account of any delay, failure or refusal by the Insurance Company to accept the premium or issue the Policy to you, however, in such an event, CreditMantri will endeavor to provide all reasonable assistance to you.
  6. CreditMantri will only assist you in enabling the payment of premium to the Insurance Company, and endeavor to provide assistance in the event of a claim. CreditMantri is not the insurer and is not responsible for and has no control over the settlement of any claims, which shall be entirely subject to the terms of the Policy. CreditMantri will not have any obligation or liability either direct or indirect for any delay in settlement or non-acceptance of any claims or any other issues raised by the Insurance Company. Any grievance you may face in this regard will need to be raised by you with the Insurance Company and appropriate authority for redressal.
  7. You hereby expressly authorise CreditMantri to contact you at its discretion to remind you about renewal of the policy anytime prior to or post expiry of your policy. CreditMantri recommends that the policy be renewed to ensure continuity and benefits are preserved.

TERM OF SERVICE

  1. Unless otherwise stated specifically, the Services under this agreement shall automatically stand terminated if
  2. a.You have cancelled the policy within the period permitted by applicable law and Insurance Company’s terms

    b.Your term of the policy has expired, and you have not renewed the policy

DISCLAIMERS

TO THE MAXIMUM EXTENT PERMITTED BY LAW, CreditMantri, its affiliated companies, subsidiaries, officers, directors, employees or any related party disclaim any liability to you or to any third party for any indirect, incidental, special or consequential damages or any loss of revenue or profits arising under or relating to these Insurance Terms and Conditions.

SUSPENSION OF ACCESS

CreditMantri may choose to stop providing the Insurance Services hereunder and may terminate access to or use of the Platform at any time without any notice. Other than where CreditMantri informs you otherwise, upon any termination, (a) the rights and licenses granted to you under these Insurance Terms and Conditions will end; (b) your Account shall be suspended; and (c) you must stop using the Platform. CreditMantri reserves the right to suspend or cease providing any Service and shall have no liability or responsibility to you in any manner whatsoever if CreditMantri chooses to do so.

PRIVACY

CreditMantri will collect, store and disclose your information in accordance with the Privacy Policy available on Our Platform In particular and without limitation, CreditMantri will share your information with Insurance Companies to provide you with the Insurance Services hereunder.