TABLE OF CONTENT

Key Highlights

  • The health insurance GST rate is set at 18%. It was previously set at 15%.
  • Mostly, policyholders face a higher GST rate on insurance premium due to a 3% increase in tax.
  • Insurance companies can also claim ITC on GST on medical insurance premium for goods and services that reduce tax effects and provide insurance.
  • Adjustments to GST on health insurance premiums are very important. They ensure financial protection and healthcare accessibility.

GST on Health Insurance: Impact and Rate Changes

GST, introduced on July 1, 2017, revolutionised India's tax system by merging indirect taxes like service tax, VAT, and excise duty into a single, streamlined tax structure. One significant sector impacted by this change is health insurance. The introduction of GST has led to notable changes in the taxation of health insurance, influencing personal financial planning and healthcare safety nets.

This blog will explore how GST affects health insurance rates and what these changes mean for policyholders and insurance companies.

Comprehensive GST On Health Insurance Coverage

GST Structure

GST on health insurance has four different tax slabs: 5%, 12%,18%, and 28%. The category determines the rate one pays for a particular good or service. Health insurance falls within the financial services category. Hence, an 18% GST was levied, higher than the previous % service tax rate of 15%.

Pre-GST Scenario

Before the introduction of GST on health insurance, premiums were subject to a service tax at a flat rate of 15%. Policyholders paid this tax on top of their premium amounts. Also, insurance companies levied indirect taxes such as VAT on goods and services they used, which caused double taxation.

Also Read: Health Insurance: Advantages, Disadvantages, and Important Considerations

GST Impact on Health Insurance

Rising Premium Charges

The immediate consequence of GST on health insurance was an increase in premium costs for health insurance policyholders. A 3% extra payment was necessary for policyholders due to the shift from a 15% service tax to an 18% GST. For example, if a policy had an annual premium of INR 10,000, the same was INR 1,500 in service under service tax and increased to INR 1,800 in GST.

Client's Response

The rise in GST on health insurance premiums resulted in mixed reactions among policyholders. A few saw it as a nominal hike and stayed with their previous policies, while others, especially those with small budgets, rethought their health insurance alternatives. Some of these considerations included moving into policies with lower premiums or even reducing the sum insured to manage costs more efficiently.

Input Tax Credit (ITC) for Insurers

One significant change GST on health insurance brought about was the introduction of the Input Tax Credit (ITC). Under this framework, insurers could claim ITC on all goods and services purchased to facilitate health insurance coverage.

Administrative Adjustments

Insurance companies made substantial administrative adjustments to comply with GST regulations. These included changes in billing systems, retraining staff and ensuring all transactions were compliant with GST on health insurance requirements. Consequently, insurers invested time and resources to enable them to pass through this transition period.

Wider Implications on the Healthcare Sector

Boosting GST on health insurance had wider implications for the healthcare sector. The result is that high premiums may reduce the accessibility and affordability of health insurance. It impacts financial protection for insured persons against medical expenses. Consequently, this might lead to higher out-of-pocket payments within healthcare, translating into overall impacts on the country's healthcare system financing.

Also Read: Tips to Choose the Health Insurance Plan in India

Changing Rates and Policy Dynamics of GST On Health Insurance

GST Initial Rate and Following Variations

When it was launched in 2017, the initial rate for GST on health insurance was 18%. The insurance industry and policyholders requested that this rate be reduced, but health insurance is an essential service, so the rate has remained at that level.

Advocacy for Lowering the Rate

Both consumer advocacy groups and the insurance industry have been very clear in demanding a reduction in the GST rate on health insurance. Their concern is based on the fact that health insurance is important as it provides financial coverage against medical costs. Adjusting the GST on health insurance rates would mean more affordable medical coverage for a larger section of India's population.

Government’s Position

Various factors influence the government's insistence on maintaining an 18% GST on health insurance. The government believes that healthcare services are fundamental, yet it must assess their implications for revenue generation within the public finance context. Adjustments to these GST on health insurance rates will lead to reduced revenues. They will affect the overall collection of goods and services taxes, thus affecting fiscal equilibrium.

Policy Recommendations and Future Outlook of GST On Health Insurance

Rationalising GST Rate

One of the key recommendations is to rationalise the GST on health insurance. Reducing it to 12% or 5% from 18% would make health insurance considerably affordable. This would be consistent with the move towards universal health coverage and reduce some burden for policyholders.

Enhancing ITC Benefits

The other recommendation is that insurance companies improve their ITC benefits. If insurers can claim ITC and get refunds in time, their expenditure management capacity could improve, leading to lower premiums payable by policyholders.

Promoting Health Insurance Literacy

It is essential to increase people's knowledge of GST on health insurance. Informing them about its merits and possible tax implications will enable them to make rational choices. Hence, the government, alongside industry stakeholders, may combine forces to roll out awareness campaigns and financial literacy initiatives.

Monitoring and Adjusting Policy

The monitoring framework should continually assess GST's impact on health insurance. The government must consider periodic reviews of this rate and its consequences on the sector. These regular assessments of GST on health insurance enable appropriate changes to be made so that a broader directive on healthcare accessibility, while guarding against financial risks, can be supported by GST on health insurance design.

Also Read: How To Upgrade Health Insurance Coverage?

Kinds of GST on Health Insurance

Goods and Services Tax (GST) is a comprehensive indirect tax that applies to manufacturing, selling and consuming goods and services throughout India. About health insurance, the premiums paid by policyholders are affected by GST. The rate of GST on health insurance applicable is 18%, which remains flat across different health insurance products.

Nevertheless, different types of GST may be levied on health insurance, such as Central GST (CGST), State GST (SGST), and Integrated GST (IGST). Here's a detailed explanation of GST on health insurance types:

Central GST (CGST) and State GST (SGST)

When GST on health insurance is applicable within a state, the premium payment is shared equally between the central and state governments regarding tax liability. This means that 18% GST will be broken down into 9% CGST and 9% SGST.

  • Central Goods and Services Tax, or CGST, refers to the levy the central government imposes on intra-state transactions.
  • State Goods and Services Tax or SGST means taxes imposed on intra-state transactions collected by state governments.

For example, if you buy an annual premium for a health policy in your state at Rs 20000, the applicable GST would be 9% CGST plus 9% SGST, totalling Rs 1800 (Rs 900 CGST+ Rs 900 SGST).

Integrated GST (IGST)

When individuals obtain health insurance from companies operating in different states, IGST applies. The 18% GST on health insurance goes to the central government, which splits this tax between itself and several other state governments relying upon predetermined policies.

  • Integrated Goods and Services Tax, abbreviated as IGST, is a duty introduced by the central government on trans-state trades.

Let's say you bought your medical coverage from an insurer located in a different state than yours. Its annual premium was ₹20,000. The GST applicable in this case is 18% IGST, which equals ₹3,600.

Scenarios Illustrating GST Application on Health Insurance

Intra-State Transaction Example

  • Premium Amount: ₹20,000
  • CGST (9%): ₹1,800
  • SGST (9%): ₹1,800
  • Total GST: ₹3,600
  • Total Premium Paid: ₹23,600

Inter-State Transaction Example

  • Premium Amount: ₹20,000
  • IGST (18%): ₹3,600
  • Total GST: ₹3,600
  • Total Premium Paid: ₹23,600

GST On Health Insurance and HSN Codes

GST on health insurance is a term that falls under the service sector in the realm of Goods and Services Tax (GST) in India and consists of specific codes as well as their rates.

Rate of GST On Health Insurance

The rate of GST on health insurance to be charged for health insurance services is 18%. The percentage is universal across various kinds of health policies. It also applies to premiums paid on individual health policies, group health policies and other GST on health insurance policies.

HSN Codes for Health Insurance

HSN, or Harmonised System Nomenclature, is a standard classification system using names and numbers in trade products. When it is applied to GST on health insurance, the correct term would be SAC or Services Accounting Code. It is used to identify the nature of goods supplied or services provided.

SAC Code for Health Insurance

The code assigned is 997133, specifically for insurance companies operating within India, which fall under "Financial and related services; insurance and pension services."

Importance of HSN Codes

HSN codes are indispensable for GST on health insurance and accounting purposes:

  • Tax Calculation: This is where HSN codes assist in deciding the right GST on health insurance rate for a given service. When it comes to health insurance, applying the 997133 HSN code can be employed to ensure that it is a service and that the relevant GST tax rate is 18%.
  • Input Tax Credit (ITC): Insurance companies pay for different services and expenses associated with their operations to get an input tax credit on the GST on health insurance. They need to use the correct HSN code. Consequently, this may result in lowered GST on health insurance premium rates, which would reduce the overall tax burden of these entities.
  • GST Filing: Ensuring proper HSN coding guarantees that tax returns and reports are true reflections of facts. This is important for regulatory compliance and transparency reasons.

Tax Saving under Section 80D

Obtaining medical insurance protects you from financial costs in the event of a health emergency and consequently reduces your tax liabilities greatly. If you take an individual policy insuring yourself and your family, you get a deduction of up to Rs. 1 lakh under section 80D of the Income Tax Act.

Moreover, premiums paid towards such policies and expenses on preventive health checkups are also deductible. For instance, one may receive a maximum exemption for preventive health checkups worth Rs 5000 annually. Changes affecting taxation are subject to updates from the annual budget and other related updates.

Also Read: Buying Private Health Insurance

How to Calculate GST on Health Insurance Premiums

Calculating GST on health insurance premiums is straightforward but requires special attention to detail for precision. First and foremost, the rate of GST on health insurance premiums is 18%, a uniform rate across all types of health insurance products. This applies even when purchasing insurance for individuals, families or groups. Understanding this fixed GST on health insurance rate is very important as it acts as a basis for working out the total amount payable.

When an individual with a policy pays their health insurance premium, the first thing that must be done is to identify the base premium amount. It is basically what one would have paid for their policy if there were no taxes. After determining the base premium, you can apply GST on health insurance at 18%. However, how GST on health insurance is calculated varies depending on whether it's an intra-state or inter-state transaction. For instance, an "intra-state" transaction refers to purchasing an insurance policy in the same state where taxes equally divided between the central government and state government are collected by way of CGST respectively from the 18% GST.

For example, if someone purchases health insurance worth ₹20,000 within their state as the basic premium value, calculating its GST involves adding 9% CGST and another 9% SGST. This results in an additional ₹1,800 for each, making a total of ₹3,600 in GST. Therefore, the total cost, including tax, becomes ₹23,600, representing the net premium cost.

In the case of an inter-state transaction taking place whereby someone buys an insurance policy from an insurer in some other state, slight changes happen in how GST on health insurance works here instead of dividing it into CGST and SGST. The entire 18% GST is called IGST (Integrated Goods and Services Tax). In the same way, if a health insurance policy's base premium is ₹20,000, the IGST applied would be 18% of ₹20,000. It will cost you ₹3,600. Therefore, the total payable premium for inter-state transactions equals ₹23,600.

These computations underscore why it is essential to correctly identify whether a particular transaction is intra-state or inter-state to apply GST on health insurance with this categorisation. Furthermore, it is critical that insurance companies clearly state their charges to reflect the correct amount of GST on health insurance on the policyholder's invoice. Proper invoicing ensures compliance with tax regulations and provides transparency to policyholders about the breakdown of their premium payments.

Calculating GST on health insurance premiums requires determining what one would have paid for their health insurance if there were no taxes. Then, 18% will be added at once, and transactions will be divided based on intra-state or inter-state taxation systems. The resultant GST on health insurance amount will then be added to the base premium, thus giving the total premium payable. This process may look simple, but it is very important since any mistake may lead to billing inaccuracies or noncompliance with the Indian GST framework, therefore resulting in penalties and other fines that may arise from it.

Reasons to Have a Health Insurance Plan

Health insurance is an essential component of financial planning and personal well-being. It guarantees a safety net that helps individuals and their families handle medical expenses by ensuring access to quality health care without costing them much. Here are certain reasons why you will need a health insurance plan:

Financial Protection against High Medical Costs

Medical treatments, especially for severe illnesses or emergencies, can be expensive. Hospitalisation, surgeries, diagnostics, and medication costs quickly pile up and weigh heavily on one's finances. A health insurance plan takes care of most of these costs, relieving the burden on your savings and reducing out-of-pocket expenses.

Access to Quality Healthcare

With GST on health insurance, you will hardly hesitate to seek quality healthcare. Most insurance plans are tied up with network hospitals (including individual clinics and physicians), where you get cashless treatment. The network thus leads to quick and efficient healthcare services. It would otherwise cost you much more than what you can afford.

Preventive Care and Early Detection Most health insurance policies cover preventive care services such as annual checkups, disease screenings, and immunisations. These offerings are critical for the early detection and prevention of illness. They consequently guarantee better health outcomes with reduced medical bills in the long run. Early diagnosis enables timely intervention, hence lessening the impact and cost of treatments.

Comprehensive Coverage

Modern-day health plans provide extensive coverage that goes beyond basic hospitalisation. This might entail outpatient treatment benefits, maternity coverage, and mental therapy options, among many others. Further, they may cater for alternative therapies like acupuncture and even wellness programs. Being exhaustive ensures various healthcare needs are attended to, promoting total well-being.

Tax Benefits

In India, premiums paid towards medical coverage qualify for tax deductions under section 80D of the Income Tax Act. This lowers your taxable income, leading to large tax savings. Healthcare becomes a prudent financial decision and not only an act of safeguarding your health for tax purposes.

Peace of Mind

The biggest benefit of having a medical insurance cover is the peace of mind that it brings. Knowing that you are financially covered in case of any medical emergency allows you to concentrate on getting well instead of worrying about how much it will cost. This kind of certainty is priceless, particularly during times when people have serious illnesses.

Coverage for Family Members

Healthcare plans can also cater to family members rather than just individuals. Family floater plans provide health insurance coverage for all members of your family under a single premium. It is, therefore, very good when one wants to protect his/her kids, husband/wife, or even parents from incurring the costs associated with ill health.

Protection Against Lifestyle Diseases

Modern sedentary lifestyle has contributed to the rise in cases related to lifestyle diseases such as diabetes, hypertension and cardiovascular problems. Health insurance covers such chronic conditions and is meant to ensure you get through them without necessarily experiencing a lot of complexities due to financial issues.

Add-on Personal Health Insurance and Riders

Optional extras or riders are common in medical insurance covers that boost the basic coverage. These can be personal accident cover, critical illness cover, daily hospital cash, etc. Your health insurance is more reliable and client-centred.

Importance of No Claim Bonus (NCB)

Some health plans provide a No-Claim Bonus (NCB) for every claim-free year. This NCB could come as an enhanced sum insured at no additional cost, or as a discount on the premium payable during the subsequent period. Thus, by not being sick and claiming compensation, NCB enhances the worth of your medical insurance over time.

GST On Health Insurance Should Continue

The introduction of GST on health insurance led to significant changes, such as premium costs rising due to an 18% tax levy. However, this was challenging for both policyholders and insurers, who were given some relief through the input credit mechanism (ITC).

GST for insurance premium continues advocating for a lower rate, highlighting how crucial medical coverage is. Therefore, GST on health insurance should continue, as fiscal considerations are weighed against affordability in healthcare payments, necessitating policy adjustments. Additionally, this objective can only be achieved if GST on health insurance rates are rationalised and ITC benefits enhanced. Hence, it allows all individuals access to affordable health insurance.

Besides, consideration of GST on health insurance policies becomes important because they touch upon many aspects of healthcare financing and financial security for the policyholders.

Also Read: Health Insurance for Senior Citizens

Is Your Family's Health Protected?
Protect Now

FAQS – FREQUENTLY ASKED QUESTIONS

  • What’s the present GST on health insurance rate for premiums ?

    India's current 18% GST on health insurance premiums applies to individual, family, and group policies.

  • How has the GST on health insurance rates changed over the years ?

    Before introducing the Goods and Services Tax (GST) in 2017, a service tax of 15%, including Swachh Bharat Cess and Krishi Kalyan Cess, was charged on GST on health insurance. Thereafter, with the implementation of GST on health insurance, this increased to 18%, indicating a three percent increase.

  • How does the GST on health insurance impact the cost of health insurance premiums ?

    The overall cost of health insurance premiums escalates due to the imposition of an eighteen per cent GST on health insurance rate. For instance, if the base premium for an individual's policy is ₹20,000, ₹3,600 will be added as GST, making the total premium payable ₹23,600.

  • Is GST on health insurance applicable on all my policies ?

    The Goods and Services Tax is applicable on all services, and this is why you would have to pay 18 per cent GST on health insurance premiums.

  • Are there any exemptions or lower GST on health insurance rates for specific health insurance products ?

    No exemptions or reduced rates exist for medical coverage under which an eighteen per cent GST on health insurance rate is currently being paid regardless of its kind.

  • Can policyholders claim an Input Tax Credit (ITC) on health insurance premiums under GST on health insurance ?

    Ideally, input credit should not be available to individuals who purchase medical covers from firms that pay GST on health insurance. Some special cases may be allowed where companies buy covers supporting their staff; hence, they can make claims concerning their insurance premium tax credits.

  • How is GST on health insurance premiums for intra-state and inter-state transactions ?

    The GST rate in India is 18 per cent at the moment, which means that for this premium, CGST is equal to ₹1,800, while SGST will be equal to ₹1,800, totalling up to ₹3,600 per annum of the total premium. For inter-state transactions, IGST is charged at 18%, which would amount to a sum of ₹3,600 in case of an annual premium worth ₹20,000.

  • Does the GST on health insurance rate affect the No Claim Bonus (NCB) ?

    The NCB remains unaffected by the increase or decrease in GST on health insurance rates. Still, it depends on the premium paid, incorporating taxes like GST on health insurance for any following policy period.

  • What documentation is required for businesses to claim GST on health insurance premiums ?

    Such invoices should include all personal details of an insured member, such as name and policy number, and also show all amounts as premiums and GST on health insurance, with full disclosure of CGST/SGST/IGST components separately and their names mentioned.

  • How do GST on health insurance rate changes impact policy renewals and premium payments ?

    When goods and services tax increases, the total premium payable during renewal is raised. On the contrary, its decrease translates into low overall premiums. Hence, before renewing, customers are advised to check their endorsement columns and related charges to fully understand what they get by paying.

 

DISCLAIMER

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.

For Expert Advice on the Right Money Solutions, leave your details below...

For Expert Advice on the Right Money Solutions, leave your details below...

Enter OTP
Resend OTP 02:00

I agree to the Terms & Conditions

*All fields are mandatory.

Terms and Conditions
Terms and Conditions for use of www.adityabirlacapital.com

About Aditya Birla Capital

Aditya Birla Capital (‘the Brand’) is the single brand for financial services business of Aditya Birla Group. The trade logo “Aditya Birla Capital” and the URL www.adityabirlacapital.com is owned by Aditya Birla Management Corporation Private Limited (trade mark owner) and the same is used herein under the License by Aditya Birla Capital Limited (ABCL) and its subsidiary companies (collectively hereinafter referred to as “ABC Companies”).  Aditya Birla Capital Limited is the holding company of all financial services businesses.  

www.adityabirlacapital.com (“the Website”) is maintained and run by Aditya Birla Financial Shared Services Limited (having its registered office at 18th Floor, One India bulls Centre, Tower 1, Jupiter Mills Compound, Senapati Bapat Marg, Elphinstone Road, Mumbai- 400013). The information available on www.adityabirlacapital.com relates either to ABCL and/ or ABC Companies under all associated web pages/ sites which are linked to www.adityabirlacapital.com (“hereinafter referred as the Website”).

All of the ABC Companies have their own separate legal identities and webpages (details about which are embedded in their respective web pages/sites) but in this Website they may sometimes use "Group", "we" or "us" when we refer to ABC Companies in general or where no useful purpose is served by identifying any particular ABCL Affiliate.

Terms and Conditions and Acceptance

Please read these Terms and Conditions (“Terms of Use”) carefully. Your Acceptance of the Terms of Use contained herein constitutes the Agreement for the Purpose as defined hereunder. The Acceptance of Terms of Use will be between You and Aditya Birla Financial Shared Services Limited (hereinafter referred as “Facilities Provider”) which is facilitating provision of the services, other than those which are otherwise specifically provided by each of the ABC Companies on their respective web pages / sites to you.

By accessing and using this Website you have confirmed that you have read, understood and bound yourself by these Terms of Use. These Terms of Use shall apply to the access and use of the Website and all associated web pages/ sites which are linked with www.adityabirlacapital.com (“Website”). You will be subject to the rules, guidelines, policies, terms, and conditions applicable to any facilities that are provided by this Website and all associated web pages/ sites and they shall be deemed to be incorporated into these Terms of Use and shall be considered as part and parcel of these Terms of Use.

In terms of the information Technology Act, 2000 (as amended from time to time), this document is an electronic record.  By accessing the Website and availing for facilities on the Website, the users (hereinafter referred to as "you", or "your") agree to be bound by these Terms of Use, the legal disclaimer (‘Legal Disclaimer’) and the Privacy Policy (“Privacy Policy”), as posted on the Website.

This Agreement describes the terms governing the usage of the facilities provided to you on the Website. Clicking "I Agree" to "Terms & Conditions", shall be considered as your electronic acceptance of this Agreement under Information Technology Act 2000. Your continued usage of the facilities from time to time would also constitute acceptance of the Terms of Use including any updation or modification thereof and you would be bound by this Agreement until this Agreement is terminated as per provisions defined herein.

Your electronic consent, accepting these Terms of Use, represents that you have the capacity to be bound by it, or if you are acting on behalf of any person, that you have the authority to bind such person.

You also acknowledge and agree that, unless specifically provided otherwise, these Terms of Use only apply to this Website and facilities provided on this Website. All of the ABC Companies may have their own individual web pages/sites which are owned by the respective ABC Companies and the facilities offered by the respective ABC Companies will be governed in accordance with the terms and conditions posted of those web pages/websites which you would be bound while availing the facilities/services of the said respective ABC Companies through their respective web pages / sites or otherwise in any other mode as the case may be.

Changes to the Terms of Use

You agree that these Terms of Use may be subject to change/modification for such reason as it may deem fit and proper, including but not limited to comply with changes in law or regulation, correct inaccuracies, omissions, errors or ambiguities, reflect changes in the process flow, scope and nature of the services, company reorganisation, market practice or customer requirements. Upon any change, the updated Terms of Use will be updated on the Website or any other means. Your continued use of the facilities on this Website constitutes acceptance of the changes and an Agreement to be bound by Terms of Use, as amended. You can review the most current version of the Terms of Use at any time, by clicking the Terms & Conditions link on the Website. No fee of whatsoever nature is to be charged for the use of this Website.

If you do not agree with any of these Terms of Use, you may not use this Website.

Authorisation to Facilities Provider

Whenever consent has been obtained/provided by you in any mode under these Terms and Conditions, for availing information/services related to ABC Companies, You agree and authorize the Facilities Provider to share/transfer/transmit your personal information with its ABC Companies and other third parties, in so far as required for offering of facilities through this Website and for analytical / marketing purposes /report generations and/or to offer connected facilities on the Website and may also include transfer/sharing/transmitting  of sensitive personal data or information only if it is deemed necessary for the performance of facilities and to provide you with various value added and ancillary facilities/services and information, to aid you in managing your money needs in the manner agreed under these Terms and Conditions and the privacy policy.  You agree to receive e-mails/SMS/phone calls and such other mode as permitted under law from the Facilities Provider or ABC Companies or its third-party service providers regarding the facilities updates, information/promotional offer and/or new product announcements and such other related information.

You also agree and authorize ABC Companies / its third-party service providers to contact you at the contact information provided for service related communication relating to your product or facilities offered even if your number is in National Do Not Call Registry.

You have the option to withdraw the said consent in the manner specified under these Terms of Use. Please also read the Privacy Policy for more information and details as provided on the Website. The Privacy Policy may be updated from time to time. Changes will be effective upon posting of the revised Privacy Policy on the Website.

One ID at Aditya Birla Capital

You can create a unique ID on the Website for managing and transacting all financial and non financial transactions with ABC Companies. One ID enables you to have a single login ID for viewing and transacting all your product and service needs across ABC Companies. One ABC ID can be created by you on the Website or any of the webpage of ABC Companies (Account.ABC.com sign up page.) by using your e-mail Id and login credentials as registered with the respective ABC Companies while availing the products / services and completing the authentication procedure in the manner specified at the time of creation of One ID.

Once you have created ONE ID you can link and view all your financial products held with ABC Companies on single web page through verification / authentication procedure as applicable to your account/financial products held with the respective ABC Companies.  

You may choose not to create One ID in which case you will not be able to display all your products across ABC Companies on one page. In circumstances like duplicate email id/phone number you may not be able to create the One ID. In such circumstances you must contact the ABCL Affiliate with whom you have held the product/availed the services to enable update the email id/phone number.

 In case you forget the username or password, you can reset the same using the forgot username and password link available on the Website and completing the authentication procedure specified on the Website.    

MoneyForLife Planner

To help you for your money needs you can avail the facility of MoneyForLife Planner (‘MoneyForLife Planner/ Planner’). MoneyForLife Planner facility is powered by Aditya Birla Money Limited, a subsidiary of ABCL. MoneyForLife Planner provides an indicative assessment of your money needs based on the factors like income, age, family members and their future, your future money requirements and current lifestyle status as per details filled in by you on the online questionnaire. The Planner provides an indicative view about the generic investment opportunities available in the manner indicated by you. The results provided by the Planner are generic in nature and do not necessarily reflect the actual investment profile that you may hold and it is not necessary for you to act on it. The Planner provides a generic indication of your money needs to enable you to prioritize your investment needs which are rule based. Therefore, the search results displayed by the Planner cannot be construed to be entirely accurate / comprehensive.

No fee or consideration or economic benefit either directly or indirectly is associated for availing the assessment through MoneyForLife Planner and therefore it is not to be considered as an investment advice or financial planning and / or investment advisory services.

You agree and understand that use of MoneyForLife Planner does not assure attainment of your investment objectives and there is no assurance that the money objectives will be achieved, as the same is subject to performance of the securities, the forces affecting the securities market and your risk profile. You are advised to consult an investment advisor in case you would like to undertake financial planning and / or investment advice for meeting your investment requirements.

You also agree that risks associated with any investment would be entirely yours and you would not hold ABCL and/or ABC Companies or any of its employees liable for any losses that may arise on account of any investments under taken basis the use of MoneyForLife Planner.

All investment decisions shall be taken by you in your sole discretion. You are advised to read the respective offer documents carefully for more details on risk factors, terms and conditions before making any investment decision in any scheme or products or securities or loan product. All investments in any product / fund / securities etc. will be on the basis, subject to and as per the terms and conditions of the specific product’s / fund’s / security’s offer document, key information memorandum, risk disclosure document, product or sales brochure or any other related documents which are offered by the respective issuer of such product/securities. You can use execution platform/services with any third party as deem fit and proper, and there is no compulsion to use the execution services through this Website.

Not an Investment Advisor, Planner, Broker or Tax Advisor

The facilities on the Website are not intended to provide any legal, tax or financial or securities related advice. You agree and understand that the Website is not and shall never be construed as a financial planner, financial intermediary, investment advisor, broker or tax advisor. The facilities are intended only to assist you in your money needs and decision-making and is broad and general in scope. Your personal financial situation is unique, and any information and advice obtained through the facilities may not be appropriate for your situation. Accordingly, before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your advisor or other financial advisers who are fully aware of your individual circumstances. For more details, please also refer to the Legal Disclaimers provided on the Website.

Financial Solutions

We may provide you with various money solutions and options which are generally available basis your investment profile or those which are generally held by persons of similar investment profile. You authorize us to use/disseminate the information to provide the Financial Solutions however it is not necessarily for you to act on it. It only serves an indicative use of information which you may execute in the manner agreed by you.

Password Protection

You shall not be entitled to avail the facilities without the use of a user name and password. You are responsible for maintaining the confidentiality of your password and Account, and you shall not allow anyone else to use your password at any time. You are fully responsible for all activities that occur using your password or Account. You are requested to please notify www.adityabirlacapital.com immediately of any unauthorized use or access of your password or Account, or any other breach of security. The Website will not be liable for any loss that you may incur as a result of someone else using your password or account, either with or without your knowledge.

Intellectual Property Rights

This Website contains information, materials, including text, images, graphics, videos and sound (“Materials”), which is protected by copyright and/or other intellectual property rights. All copyright and other intellectual property rights in these Materials are either owned by ABCL or have been licensed to Facilities Provider, ABCL / ABC Companies by the owner(s) of those rights so that it can use these Materials as part of this Website. Other than those Materials which belong to Third Parties, ABC Companies retains copyright on all Information, including text, graphics and sound and all trademarks displayed on this Website which are either owned by or licensed to by ABCL and/or used under license by ABC Companies.

You shall not (a) copy (whether by printing off onto paper, storing on disk, downloading or in any other way), distribute (including distributing copies), download, display, perform, reproduce, distribute, modify, edit, alter, enhance, broadcast or tamper with in any way or otherwise use any Materials contained in the Website. These restrictions apply in relation to all or part of the Materials on the Website; (b) copy and distribute this information on any other server or modify or re-use text or graphics on this system or another system. No reproduction of any part of the Website may be sold or distributed for commercial gain nor shall it be modified or incorporated in any other work, publication or web site, whether in hard copy or electronic format, including postings to any other web site; (c) remove any copyright, trade mark or other intellectual property notices contained in the original material from any material copied or printed off from the web site; link to this Website; without our express written consent.

No Warranty

Although all efforts are made to ensure that information and content provided as part of this Website is correct at the time of inclusion on the Website, however there is no guarantee to the accuracy of the Information. This Website makes no representations or warranties as to the fairness, completeness or accuracy of Information. There is no commitment to update or correct any information that appears on the Internet or on this Website. Information is supplied upon the condition that the persons receiving the same will make their own determination as to its suitability for their purposes prior to use or in connection with the making of any decision. Any use of this Website or the information is at your own risk. Neither ABCL and ABC Companies, nor their officers, employees or agents shall be liable for any loss, damage or expense arising out of any access to, use of, or reliance upon, this Website or the information, or any website linked to this Website.

No Liability

This Website is provided to you on an "as is" and "where-is" basis, without any warranty. ABCL, for itself and any ABC Companies and third party providing information, Materials (defined later), facilities, or content to this Website, makes no representations or warranties, either express, implied, statutory or otherwise of merchantability, fitness for a particular purpose, or non-infringement of third party rights, with respect to the website, the information or any products or facilities to which the information refers. ABCL will not be liable to you or any third party for any damages of any kind, including but not limited to, direct, indirect, incidental, consequential or punitive damages, arising from or connected with the site, including but not limited to, your use of this site or your inability to use the site, even if ABCL has previously been advised of the possibility of such damages. Any access to information hosted on third party websites of billers/banks/merchants/ABC Companies etc. is not intended and shall not be treated as an offer to sell or the solicitation of an offer to buy any product/offering of these ABC Companies or third parties.

The Facilities Provider or ABCL or ABC Companies shall have absolutely no liability in connection with the information and Material posted on this Website including any liability for damage to your computer hardware, data, information, materials, or business resulting from the information and/or Material or the lack of information and/or Material available on the Website. In no event shall ABCL or ABC Companies shall be liable for any for any special, incidental, consequential, exemplary or punitive damages for any loss, arising out of or in connection with (a) the use, misuse or the inability to use this Website; (b) unauthorized access to or alteration of your transmissions or data; (c) statements or conduct of any third party on the site; or (d) any other matter whatever nature relating to this Website.

Further, the Facilities Provider cannot always foresee or anticipate technical or other difficulties. The facilities may contain errors, bugs, or other problems. These difficulties may result in loss of data, personalization settings or other facilities interruptions. The Website does not assume responsibility for the timeliness, deletion, mis-delivery, or failure to store any user data, communications, or personalization settings.

The Facilities Provider, ABCL, ABC Companies and the providers of information shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information contained at this Website.

Manner of Use of Personal Information

All Personal Information including Sensitive Personal Information provided/related to you, shall be stored/used/processed/transmitted expressly for the Purpose or facilities indicated thereon at the time of collection and in accordance with the Privacy Policy. Other than those otherwise indicated and agreed by You, this Website do not collect or store or share your Personal Information. Aditya Birla Capital is the brand and accordingly all products and facilities are provided by respective ABC Companies as applicable. Therefore, for any of these Purposes, the Website will use ABC Companies their authorized third party vendors, agents, contractors, consultants or facilities providers (individually a ‘Third Party Service Provider’ and collectively, the “Third Party Service Providers”) and to that extent you understand and authorize the Facilities Provider to share/transmit such information to Third Party Service Providers. Such sharing of information will be solely for the purpose to fulfill / complete / authenticate your specific requests/transaction execution and for providing information about any ABC Companies product or facilities or services or for data analytics or to deliver to you any administrative notices, alerts or communications relevant to your Purpose (and which may include sending promotional emails or SMS or calls or any other mode permitted under law) or to analyze the usage and improve the facilities/solutions offered or for any research or troubleshooting problems, detecting and protecting against errors or to improve features, tailor the facilities on the Website to your interests, and to get in touch with you whenever necessary.

Except in the manner as stated in the Privacy Policy, the Website will not disclose your Personal Information with any affiliated or unaffiliated third parties,

You may receive e-mails /communications/notifications from the Third Party Services Providers regarding facilities updates, information/promotional e-mails/SMS and/or update on new product announcements/services in such mode as permitted under law.

Use of Website in India

This Website is controlled and operated from India and there is no representation that the Materials/information are appropriate or will be available for use in other locations. If you use this Website from outside the India, you are entirely responsible for compliance with all applicable local laws. There is no warranty or representation that a user in one region may obtain the facilities of this website in another region.

Information published on the Website may contain references or cross references to products, programs and facilities offered by ABC Companies/third parties that are not announced or available in your country. Such references do not imply that it is intended to announce such products, programs or facilities in your country. You may consult your local advisors for information regarding the products, programs and services that may be available to you.

In your use of the Website, you may enter correspondence with, purchase goods and/or facilities from, or participate in promotions of advertisers or members or sponsors of the web site, including those of ABC Companies. Unless otherwise stated, any such correspondence, advertisement, purchase or promotion, including the delivery of and the payment for goods and/or facilities, and any other term, condition, warranty or representation associated with such correspondence, purchase or promotion, is solely between you and the applicable ABC Companies and/or third parties.

You agree that Facilities Provider / ABC Companies has no liability, obligation or responsibility for any such correspondence, purchase or promotion between you and any other ABC Companies and/or third parties.

Third party websites

This Website may be linked to other websites (including those of ABC Companies) on the World Wide Web that are not under the control of or maintained by ABCL. Such links do not indicate any responsibility or endorsement on our part for the external website concerned, its contents or the links displayed on it. These links are provided only as a convenience, in order to help you find relevant websites, facilities and/or products that may be of interest to you, quickly and easily. It is your responsibility to decide whether any facilities and/or products available through any of these websites are suitable for your purposes. The Facilities Provider or ABCL is not responsible for the owners or operators of these websites or for any goods or facilities they supply or for the content of their websites and does not give or enter into any conditions, warranties or other terms or representations in relation to any of these or accept any liability in relation to any of these (including any liability arising out of any claim that the content of any external web site to which this web site includes a link infringes the intellectual property rights of any third party).

USE of APP

In case any facilities/services, access/dissemination of information or execution of transaction is done through use of any APP related to ABC Companies, the additional terms and conditions governing the Use of APP shall be applicable and to be read along these Terms of Use.

Postings and monitoring

The Facilities Provider or ABCL or ABC Companies does not routinely monitor your postings to the Website but reserves the right to do so if deemed necessary if it is related to the facilities offered on the web site and to comply with law. However, in our efforts to promote good citizenship within the internet community, if the Facilities Provider or ABCL or ABC Companies becomes aware of inappropriate use of the Website or any of its facilities, any information, opinions, advice or offers posted by any person or entity logged in to the Website or any of its associated sites is to be construed as public conversation only, and the Facilities Provider or ABC Companies shall not be liable or responsible for such public conversation. You agree that in such cases, we will respond in any way that, in our sole discretion, as deemed appropriate. You acknowledge that Facilities Provider or ABC Companies will have the right to report to law enforcement authorities any actions that may be considered illegal, as well as any information it receives of such illegal conduct. When requested, ABC Companies/Facilities Provider will co-operate fully with law enforcement agencies in any investigation of alleged illegal activity on the internet.

Submissions and unauthorized use of any Materials contained on this Website may violate copyright laws, trademark laws, the laws of privacy and publicity, certain communications statutes and regulations and other applicable laws and regulations. You alone are responsible for your actions or the actions of any person using your user name and/or password. As such, you shall indemnify and hold Facilities Provider, ABCL / ABC Companies and its officers, directors, employees, affiliates, agents, licensors, and business partners harmless from and against any and all loss, costs, damages, liabilities, and expenses (including attorneys' fees) incurred in relation to, arising from, or for the purpose of avoiding, any claim or demand from a third party that your use of the Website or the use of the Website by any person using your user name and/or password (including without limitation your participation in the posting areas or your submissions) violates any applicable law or regulation, or the rights of any third party.

We reserve the right to terminate access to this Website at any time and without notice. Further this limited license terminates automatically, without notice to you, if you breach any of these Terms of Use. Upon termination, you must immediately destroy any downloaded and printed Materials.

If you come across any breaches/violation or offensive material you must report to us at abc.secretarial@adityabirla.com

Use of Cookies

You agree and understand that the Website will automatically receive and collect certain anonymous information in standard usage logs through the Web server, including computer/computer resource-identification information obtained from "cookies" sent to your browser from a web server or other means as explained in the Privacy Policy.  

Facilities Changes and Discontinuation

The Website reserves the right to discontinue or suspend, temporarily or permanently, the facilities. You agree that the Facilities Provider/ ABC Companies will not be liable to you in any manner whatsoever for any modification or discontinuance of the facilities. The format and content of this Website may change at any time. We may suspend the operation of this Website for support or maintenance work, in order to update the content or for any other reason.

ABCL, ABC Companies, and its directors, employees, associates, or other representatives shall not be liable for any damages or injury, arising out of or in connection with the use, or non-use including non-availability of the Website and also for any consequential loss or any damages caused because of non-performance of the system due to a computer virus, system failure, corruption of data, delay in operation or transmission, communication line failure, or any other reason whatsoever. The Website will not be responsible for any liability arising out of delay in providing any information on the Website.

Compliance with the Law

You agree that you will not:

  • Use any robot, spider, scraper, deep link or other similar automated data gathering or extraction tools, programme, algorithm or methodology to access, acquire, copy or monitor the Website, or any portion of the Website.
  • Use or attempt to use any engine, software, tool, agent, or other device or mechanism (including without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Website, other than the search engines generally available by third party web browsers
  • Post or transmit any file which contains viruses, worms, Trojan horses or any other contaminating or destructive features, or that otherwise interferes with the proper working of the Website or the facilities.
  • Attempt to decipher, decompile, disassemble, or reverse engineer any of the software, comprising or in any way making up a part of the Website or the facilities.
  • You agree not to use the facilities for illegal purposes or for the transmission of material that is unlawful, harassing, libelous (untrue and damaging to others), invasive of another's privacy, abusive, threatening, or obscene, or that infringes the rights of others.

Restrictions on Commercial Use or Resale

Your right to use the facilities is personal to you; therefore, you agree not to resell or make any commercial use of the facilities. In addition, the Website welcomes your feedback as a user of the facilities. Any feedback you provide will become the confidential and proprietary information of the Website, and you agree that the Website may use in any manner and without limitation, all comments, suggestions, complaints, and other feedback you provide relating to the Website. The Website shall have a worldwide, royalty-free, non-exclusive, perpetual, and irrevocable right to use feedback for any purpose, including but not limited to incorporation of such feedback into the Website or other Website software or facilities.

No Endorsements

All product and facilities marks contained on or associated with the facilities that are not the Website marks are the trademarks of their respective owners. The Website would require you to respect the same. References to any such names, marks, products or facilities of third parties or hypertext links to third party sites or information does not imply the Website’s endorsement, sponsorship or recommendation of the third party, information, product or facilities.

Promotional Offers

You may receive from time to time, announcement about offers with intent to promote this Website and/or facilities/products of ABC Companies (“Promotional Offers”). The Promotional Offer(s) would always be governed by these Terms of Use plus certain additional terms and conditions, if any prescribed. The said additional terms and conditions, if prescribed, would be specific to the corresponding Promotional Offer only and shall prevail over these Terms of Use, to the extent they may be in conflict with these Terms of Use. The Website reserves the right to withdraw, discontinue, modify, extend and suspend the Promotional Offer(s) and the terms governing it, at its sole discretion.

Charges for use of Website

There are no charges or fees to be paid by you for use of this Website. However, you are responsible for all telephone access fees and/or internet service fees that may be assessed by your telephone and/or internet service provider. You further agree to pay additional charges, if any levied by Third Party Service Provider(s), for the facilities provided by them through the Website (Additional Charges).

No Endorsement

You are advised to be cautious when browsing on the internet and to use good judgment and discretion when obtaining information or transmitting information. From this Website, users may visit or be directed to third party web sites. The Website makes no effort to review the content of these web sites, nor is the Website or its licensors responsible for the validity, legality, copyright compliance, or decency of the content contained in these sites.

In addition, the Website does not endorse or control the content of any other user and is not responsible or liable for any content, even though it could be unlawful, harassing, libelous, privacy invading, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable, or that it infringes or may infringe upon the intellectual property or other rights of another. You acknowledge that the Website does not pre-screen content, but that the Website will have the right (but not the obligation) in their sole discretion to refuse, edit, move or remove any content that is available via the facilities.

Electronic Communications

These Terms of Use and any notices or other communications regarding the Facilities may be provided to you electronically, and you agree to receive communications from the Website in electronic form. Electronic communications may be posted on the Website and/or delivered to your registered email address, mobile phones etc either by Facilities Provider or ABC Companies with whom the services are availed. All communications in electronic format will be considered to be in "writing". Your consent to receive communications electronically is valid until you revoke your consent by notifying of your decision to do so. If you revoke your consent to receive communications electronically, the Facilities Provider shall have the right to terminate the facilities.

Assignment

You shall not assign your rights and obligations under this Agreement to any other party. The Website may assign or delegate its rights and/or obligations under this Agreement to any other party in future, directly or indirectly, or to an affiliated or group company.

Legal Disclaimers

The information provided on or through the Website is for general guidance and information purposes only and they do not in any manner indicate any assurance or opinion of any manner whatsoever. Any information may be prone to shortcomings, defects or inaccuracies due to technical reasons. Certain information on Website may be on the basis of our own appraisal of the applicable facts, law and regulations in force at the date hereof.

The information (and opinions, if any) contained on the Website may have been obtained from public sources believed to be reliable and numerous factors may affect the information provided, which may or may not have been taken into account. The information provided may therefore vary (significantly) from information obtained from other sources or other market participants. Any reference to past performance in the information should not be taken as an indication of future performance. The information is dependent on various assumptions, individual preferences and other factors and thus, results or analyses cannot be construed to be entirely accurate and may not be suitable for all categories of users. Hence, they should not be solely relied on when making investment decisions. Your investment or financial decision shall always be at your own discretion and based on your independent research; and nothing contained on the Website or in any information would construe ABCL/ABC Companies or any of its employees/authorized representative as having been in any way involved in your decision making process. Any information and commentaries provided on the Website are not meant to be an endorsement or offering of any stock or investment advice.

Nothing contained herein is to be construed as a recommendation to use any product, process, equipment or formulation, in conflict with any patent, or otherwise and Facilities Provider / ABCL/ABC Companies makes no representation or warranty, express or implied that, the use thereof will not infringe any patent, or otherwise. Information on this Website sourced from experts or third party service providers, which may also include reference to any ABCL Affiliate. However, any such information shall not be construed to represent that they belong or represent or are endorsed by the views of the Facilities Provider or ABC Companies. Any information provided or sourced from ABCL Affiliate belongs to them. ABCL is an independent entity and such information from any ABCL Affiliate are not in any manner intended or to be construed as being endorsed by ABCL or Facilities Provider. The information does not constitute investment or financial advice or advice to buy or sell, or to endorse or solicitation to buy or sell any securities or other financial instrument for any reason whatsoever. Nothing on the Website or information is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment or a solicitation of any type. Investment in the securities market and any financial instruments are inherently risky and you shall always assume complete and full responsibility for the outcomes of all the financial or investment decisions that you make, including but not limited to loss of capital. You are therefore advised to obtain your own applicable legal, accounting, tax or other professional advice or facilities before taking or considering an investment or financial decision.

No Solicitation

No Information at this Website shall constitute an invitation to invest in ABCL or any ABC Companies. These are meant for general information only or to meet statutory requirements or disclosures. ABCL or any of its employees are in no way liable for the use of the information by you, when making any decision or investing or trading through any investment vehicles or ABC Companies, or any other third party which may be engaged in offering of these services.

The information contained on this Website does not represent and should not be used to construe (i) the terms on which a new transaction would be entered into by ABCL or ABC Companies, (ii) the terms on which any existing transactions could be unwound by ABCL or ABC Companies, (iii) the calculation or estimate of an  amount that would be payable following an early termination of any past/existing transactions or (iv) the valuations given to any transactions by ABCL or ABC Companies in their books of account for financial reporting, credit or risk management purposes.

Statutory Disclosure

ABCL and ABC Companies are engaged in a broad spectrum of activities in the financial services sectors. You understand and acknowledge that Aditya Birla Money Limited (‘ABML’), Aditya Birla Finance Limited (‘ABFL’) and Aditya Birla Sun Life Asset Management Company Limited and trustees and sponsor of Aditya Birla Sun Life Mutual Fund (‘ABSLMF’) are group companies and ABML / ABFL also acts as a distributor of ABSLMF.  Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes. You are free to choose the execution facilities in the manner deemed fit and proper and no commission will be paid by ABSLMF to ABML / ABFL if you choose to execute a transaction with ABSLMF on the Website, unless otherwise agreed by you and ABML/ABFL separately. Information about ABML/ABFL, its businesses and the details of commission structure receivable from asset management companies to ABML/ABFL, are also available on their respective Website.

Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.

Force Majeure

The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.

Indemnification

You agree to protect and fully compensate Facilities Provider, ABCL, ABC Companies, subsidiaries, licensors, suppliers and facilities providers, employees, officers and directors, from any and all third party claims, liability, damages, expenses and costs (including but not limited to reasonable attorneys fees) caused by or arising from your use of the facilities, your violation of the Terms of Use or your infringement, or infringement by any other user of your account, of any intellectual property or other right of anyone.

No Waiver

The Facilities Provider, ABC Companies or any of its third party service providers and processor bank/merchants etc. shall not be deemed to have waived any of its/their rights or remedies hereunder, unless such waiver is in writing. No delay or omission on the part of Facilities Providers and ABC Companies, in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.

Exclusive Agreement

You agree that these Terms of Use are the complete and exclusive statement of agreement supersede any proposal or prior agreement, oral or written, and any other communications between you and the Facilities Provider and its Third Party Service Providers or processor bank/merchants relating to the subject matter of these Terms of Use. These Terms of Use, as the same may be amended from time to time, will prevail over any subsequent oral communications between you and the Website and/or the processor bank.

Termination

Either party can terminate this Agreement by notifying the other party in writing. Upon such termination You will not be able to use the facilities of this Website.

Governing Law and Jurisdiction

The Website specifically prohibits you from usage of any of its facilities in any countries or jurisdictions that do not corroborate to all stipulations of these Terms of Use. The Website is specifically for users in the territory of India. In case of any dispute, either judicial or quasi-judicial, the same will be subject to the laws of India, with the courts in Mumbai having exclusive jurisdiction.

These Terms and Conditions are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. You agree, in the event of any dispute arising in relation to these Terms and Conditions or any dispute arising in relation to the Website whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Mumbai, India for the resolution of all such disputes.

Latest Articles

Health Insurance
Health Insurance
Health Insurance

Nutrients Rich Foods to Increase Haemoglobin Count Naturally

Read More
Posted on 12 December 2024
Health Insurance
Health Insurance

25 Protein-Rich Foods for Vegetarians: Top Vegetarian Protein Sources

Read More
Posted on 12 December 2024
Health Insurance
Health Insurance

12 Steps of Surya Namaskar to Boost Your Health and Fitness

Read More
Posted on 12 December 2024