Terms Of Service | Riskbirbal Insurance Brokers Private Limited
Terms of Service
Riskbirbal Insurance Brokers Pvt Ltd, referred to as
"Riskbirbal," is pleased to provide you, our esteemed customer
or client, with the following services (the "Services").
It is important to note that the ensuing Terms of Service hold
legal significance and supersede any prior or alternative
communications on the subject matter herein. Riskbirbal
retains the right to modify these terms at its discretion,
with prior notice given to you. By acknowledging the terms and
conditions outlined below, you also agree to the conditions
governing access to Riskbirbal's website, available at the
Please be aware that Riskbirbal Insurance Brokers Pvt Ltd,
holding the IRDAI Registration Code: IRDA/DB1017/2023,
Certificate No. 896, with a license category of Direct Broker
(Life & General), valid until 30-04-2026, oversees the
presentation and management of insurance products. The
Corporate Identification Number (CIN) for our organization is
1. Understanding your requirements for
Health Benefits and Insurance (referred to as "the
Product") and collecting relevant information about such a
2. Utilizing gathered information to
procure a Product quote from the market on your behalf.
3. Acting on your instructions for the
acquisition of the Product.
4. Ensuring prompt communication of all
policy-related information and documentation to you.
5. "Policy" encompasses any insurance
policy provided by an insurer authorized under relevant
laws, including the Insurance Act, 1938, the Insurance
Regulatory and Development Authority of India Act, 1999,
and associated Rules and Regulations.
6. Performing additional services
mandated by law in alignment with our responsibilities as
an insurance agent.
7. Offering technology-based services
through our website, dashboard, and/or mobile
application(s) for use by both employers and employees.
These services include acquiring diverse insurance-related
products and policies and accessing various health
benefits and related services.
8. Liability Limits and Customer Duties
Please take note of the following responsibilities,
obligations, and liability constraints regarding the
products and services offered by Riskbirbal:
1. It is your responsibility to determine
the nature of the product you wish to purchase. Riskbirbal
assumes no responsibility or liability for purchases made
2. You are obligated to promptly disclose
all material information relevant to your requirements.
Riskbirbal is not accountable for deficiencies in the
information provided. This duty of disclosure applies
before the coverage period begins and extends to any
material changes after policy initiation.
3. Reporting all claims, identifying
potential circumstances leading to a claim, and
understanding the terms of your policy are your
4. Failure to comply may result in claim
rejection, for which Riskbirbal bears no responsibility.
5. Riskbirbal is entitled to retain all
fees and brokerage earned in compliance with legal
requirements. No reimbursement of fees occurs in cases of
policy or product cancellation, termination, or your
decision to discontinue your engagement with Riskbirbal.
6. You shall indemnify and hold
Riskbirbal, including its officers, employees, and agents,
harmless against any losses incurred in connection with
the execution of your instructions.
7. Riskbirbal assumes no responsibility
for loss or liability resulting from your disclosure of
personal details related to credit cards or bank accounts
to any third party.
8. You expressly agree not to hold
Riskbirbal liable for any damages, including but not
limited to those resulting from the use or non-use of
facilities, transactions carried out on your instructions,
or any loss or damage due to defects, errors, failures, or
interruptions in the provision of facilities.
9. Riskbirbal disclaims responsibility
and liability for deficiencies in services provided by
third parties, regardless of their affiliation with