General Insurance: Gaurav Garg

I am going to shift from Mumbai to Delhi. For this, I have taken a transit insurance for furniture and other items. Do I need to take a similar policy for my car? Which policy will that be?
You can move your car from Mumbai to Delhi in two ways — drive it down or take it through other means of transport like a truck or a trailer. In both cases, your car remains covered if you hold a motor package policy (comprehensive).

However, in order to get your car fully covered for any damage in transit, you need to take an all-risk transit insurance policy in the following conditions:

1. If you hold only a third-party liability motor insurance policy or a restricted package policy (eg, third party and fire only)
2. The car is being shifted through transport.

What does a money insurance policy cover? 
The policy generally covers money in safe and transit. Money in safe covers loss of money belonging to the business of the insured from within the insured premises, or any loss/damage to any safe, strong room or cash box securing money while the money is stolen. Money in transit covers loss of money belonging to the business of the insured, while such money is in transit between premises of the insured & the insured bank premises, or between two or more locations specified in the policy.

I want to take a health insurance policy, mostly a family floater policy. I am allergic to most allopathic medicines and so prefer homeopathy. My mother responds well to ayurvedic medicines. Are homeopathy and ayurvedic treatments covered by health insurance policies? Or is there any other specific plan that covers these treatments?
All health insurance policies typically cover only allopathic treatments. There are a few policies launched by some insurance companies that cover alternative medicine treatments. However, these policies cover “in-patient treatment” only. This simply means the insured person needs to be admitted to a hospital to qualify for a claim.

The writer is the managing director & CEO of Tata AIG General Insurance. Send your queries at yourmoney@bsmail.in