It is further advised to be regularly updated with this page to be informed about any alterations in the ToU.
We reserve the right to modify or changeany of the terms at our soul discreation without any prior notice.. Using this site confirms your acceptance of the ToU.
1. Description Of Services
With this site,users are provided with the access to details inclusive of financial and insurance products and services i.e General Insurance , Life Insurance etc.
Obtaining access to this site may involve third party fees (such as Internet service provider or airtime charges).
By providing your personal credentials and contact details, you hereby agree that you are willing to avail the services selected. You also accept that FinBucket can contact you telephonically or electronically to deep dive in your specified interest area.
It is required to accept that FinBucket reserves the right to make your details available to the affiliate and partners so you may be contacted by them regarding the service selected, promotional material a nd offers through any means of communication.
2. License and Site Access
FinBucket grants you a limited license to access and make personal use of the Site and the Service. This license does not include any downloading or copying of any kind of information for the benefit of another individual, vendor or any other third party; caching, unauthorized hypertext links to the Site and the framing of any Content available through the Site uploading, posting, or transmitting any content that you do not have a right to make available (such as the intellectual property of another party); uploading, posting, or transmitting any material that contains software viruses or any other computer code, files or programs designed to interrupt, destroy or limit the functionality of any computer software or hardware or telecommunications equipment; any action that imposes or may impose (in FinBucket’s soul discretion) an unreasonable or disproportionately large load on FinBuckets infrastructure; or any use of data mining, robots, or similar data gathering and extraction tools. You may not bypass any measures used by FinBucket to prevent or restrict access to the Site. Any unauthorized use by you shall terminate the permission or license granted to you by FinBucket. By using the Site you agree not to: (i) use this Site or its contents for any commercial purpose; (ii) make any speculative, false, or fraudulent transaction or any transaction in anticipation of demand; (iii) access, monitor or copy any content or information of this Site using any robot, spider, scraper or other automated means or any manual process for any purpose without our express written permission; (iv) violate the restrictions in any robot exclusion headers on this Site or bypass or circumvent other measures employed to prevent or limit access to this Site; (v) take any action that imposes, or may impose, in our discretion, an unreasonable or disproportionately large load on our infrastructure; (vi) deep-link to any portion of this Site (including, without limitation, the purchase path for any service) for any purpose without our express written permission; or (vii) “frame”, “mirror” or otherwise incorporate any part of this Site into any other website without our prior written authorization.
The service is restricted to the access of adults and is unavailable to all minors (under the age of 18)or to any users blacklisted by the systems of FinBucket.
It is to be noted that the user shall not have more than one active account.
Users are further forbided to exchange, sell , trade or transfer their account to another party.
4. Your Account
5. Submitted Content
Our website Finbucket does not claim ownership of any materials you make available using the Site. At Finbucket’s sole discretion, such materials may be included in the Service in whole or in part or in a modified form.You grant us an irreversable, non-terminable, perpetual, worldwide, royalty-free and non-exclusive license to distribute, sublicense use, copy, and publicly display, modify, create imitative works or any part of such materials. Here you are representing warrant and contract that any materials you provide will not be included to which there is no full right to grant the license specified. We take no responsibilty and liability for any of the content submitted by you.We have no commitment in posting your views, we reserve the right in our absolute discretion to determine which comments should be published on the Site. Please do not provide us with any submitted content if you are not agreeing to our terms and conditions. Also you agree that you are fully responsible for the content you have submitted. You are not allowed to post or to transmit to or from this Site: (i) any unlawful, threatening, libelous, defamatory, obscene, pornographic, or other material or content that would violate rights of publicity and/or privacy or that would violate any law; (ii) any commercial material or content (including, solicitation of funds, marketing or advertising of any good or services); and (iii) any material or content that , misappropriates or violates any copyright, trademark, patent right or other proprietary right of any third party. You will be solely liable in case of any damages due to any violation of the foregoing restrictions, or any other harm resulting due to your posting of content to this Site.
6. Disclaimer of Liability and Warranty
We do not guarantee the accuracy of the Contents, Products and Services which are published on this site as it may include pricing errors, and deny all liability for any errors and other accuracies relating to the information and description of the products, contents and
IRDAI. Finbucket has tied up with RBI authorized payment gateways services, we reserve this right to correct pricing errors on the site or pending reservations. Finbucket makes no portrayal about the suitability of the information, products, Software and services on our site for any reason, and the offering or inclusion of any products or services does not constitute any recommendation or endorsement of such products or services. All such information, software, products, and services are provided “AS IS” without warranty of any kind. Finbucket denies all conditions and warranties on this site, its mail or any services provided by Finbucket its affiliates, and their associates or respective service providers are free of harmful components or other viruses. Finbucket denies all warranties and conditions with regard to this software, products, information and services, including all implied conditions of merchantability and warranties, fitness for a particular purpose, title, and no infringement. The service providers providing services on Finbucket are independent affiliates are not liable for the acts, errors, omissions, representations, warranties, breaches or negligence of any such service providers or for any personal injuries, death, property damage, or other damages or expenses resulting therefore. Finbucket and its affiliates have no liability and will not be making any refund for delay, cancellation, strike, force majeure or other causes beyond their direct control, and they have no charge for for any additional expense omissions delays or acts of authority or government. In no event shall Finbucket and/or its affiliates be liable for any direct, indirect, punitive, incidental, special, or consequential damages arising out of, or in any way connected with your access to display of or use of this site or with inability to access or delay, use this site or display (including, but not limited to, your reliance upon opinions appearing on this site; any computer viruses, information, software, linked sites, products, and services obtained through this site; or otherwise arising out of the access to, display of or use of this site) whether based on a theory of negligence, contract, tort, strict liability, or otherwise, and even if Finbucket and its affiliates or respective service providers have been advised of the possibility of such damages.
7. Disclaimer of Online Availability,Impressions, And Click-Throughs
In addition to the other disclaimers and limitations discussed in the notice, there are no guarantees or warranties regarding online availability, impressions, and click-through of www.Finbucket.com , its web pages, and any material, information, links, or content presented on the web pages at www.Finbucket.com may be unavailable for online access at anytime. Advertising sponsors if any and if permitted, must be approved by Finbucket before posting any advertising material, information, links, content, banners, and graphics on www.finbucket.com. It reserves the right to accept or to reject any advertising sponsor or advertising for any reason.
8. Cancellation & Refund/Chargeback Terms and Conditions
(a) Free look period Cancellation and Refund
As per the IRDAI rules and regulations, you have the right to cancel your insurance policy within 15 days from the date of (online) receipt of insurance policy (referred to as “Free look period”) and refund of your premium amount shall be processed as per the applicable process and procedures followed by the insurer. This Free look facility can be availed only for Life and Health insurance policies, subject to certain other terms and conditions specified by IRDAI. We ask you to read the insurance policy document carefully and avail the free look facility in case the terms and conditions of the insurance policy document don’t match your insurance requirements. Also, once a cancellation request has been placed within the Free look period, the policy gets cancelled and entire premium will be refunded to you subject to deduction of (i) charges pertaining to medical tests conducted (ii) administrative and service cost like stamp duty etc. and; (iii )Charges for mortality for the period the policy was in force. Please note such deduction is at the sole discretion of the insurer.
All payments with respect to refunds as stated shall be the sole responsibility of the insurer per the rules and regulations laid down by the towards your insurance premium amount to make online payments and is will be a mere facilitator providing its customers for speedy refunds
Cardholder may dispute a transaction carried out through our Website and file a Chargeback with the issuing bank regarding the reversal of that transaction. Transactions can be to be reversed by you under specified circumstances such as, on account of (i) alleged forgery of the card number / bank account or other details (ii) any charge/debit made on a card that has been listed as a hot listed card or otherwise listed on the card association (Visa, MasterCard, etc.) warning bulletins (iii) duplicate processing of the transaction; or (iv) for other reasons as per applicable rules and guidelines issued by RBI, card Associations, your card/payment instrument issuing bank etc.
However, Chargeback can also be rejected under the following circumstances:
- If your medical tests or underwriting is in process with your chosen insurer, not exceeding a period of 3 months from the date of your insurance policy application
- If there is any delay caused on the part of the insurer in conducting medical tests or during the process of medical underwriting or issuance of insurance policy or any service provided by the insurer in connection with the insurance policy issuance, not exceeding a period of 3 months from the date of your insurance policy application
- In case your insurance policy application is rejected by the insurer, post your medical test
Our Company shall not be liable to you, in any form or manner whatsoever, for any proceedings, claims, disputes, which may arise in connection with Chargebacks initiated by you in the circumstances as specified.
9. Additional Terms and Conditions of proposal form (applicable for health insurance products only):
(i) By adhering to the ToU, you proclaim for yourself and on behalf of all candidates proposed to be insured, that the statements, answers and/ or particulars provided are true and complete in all aspects to the best of your knowledge and that you are subject to propose on behalf of all.
(ii) You aknowledge that the details provided by you will form the foundation for the insurance policy, is subject to the Board approved underwriting policy of the insurer and that the policy will come into force only after full payment of the premium chargeable.
(iii) You further proclaim that you will notify in writing any modifications occurring in the occupation or general health of the life to be insured/proposer after the proposal has been submitted but before communication of the risk acceptance by the insurance company.
(iv) You proclaim that you sanction to the insurance company seeking medical information from any doctor or hospital who/which at any time has attended the candidate to be insured/proposer or from any past or present employer concerning anything which affects the physical or mental health of the candidate to be insured/proposer and seeking information from any insurer to whom an application for insurance on the candidate to be insured/proposer has been made for the purpose of underwriting the proposal and/or claim settlement.
(v) You permit FinBucket to share information regarding your proposal including the medical records of the insured/ proposer for the soul purpose of underwriting the proposal and/or claims settlement and with any Governmental and/or Regulatory authority.
(vi) You permit FinBucket’s authorized representatives not being direct employees of the company to seek medical information required for the purpose of policy issuance or claim settlement under this policy from any hospital/medical practitioner that you or any person proposed to be insured/insured has attended or may attend in future concerning any
disease, injury or medical trauma.
(vii) You adhere to the fact that (section 41 of Insurance Act):
a) No indivisual shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in pertaining to any kind of risk related to lives or assets in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any candidate taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurers.
b) Any candidate making default in complying with the provision of this section shall be subjected to a penalty which may extend to ten lakh rupees.”
10. Customer Due Diligence requirements (CDD)
As a customer you are obliged to give the KYC details where you agree and acknowledge for undertaking any financial transaction through the website, while facilitating your request of insurance requirements with the insurance companies, in accordance with applicable PMLA laws and rules. The identity of each new customer, and the purpose of the intended nature of insurance relationship between customer and the insurance company the company will take obtain necessary documents. You shall ensure that any payment towards insurance premium is remitted only through your bank account or from a joint bank account in which you are a joint holder. In the event, payment towards insurance premium is remitted through a bank account opened in the name of a third party(i.e. not in your name), you agree and acknowledge that Our Company can undertake enhanced due thorough measures(including any documentation), to update itself about customer due thorough requirements. You also agree and consider that, in line with the requirements and necessities under the PMLA Act and rules, all refunds shall be processed by the insurance companies through us to the bank account which was used to remit payment of insurance premium.
11. License Disclaimer
Nothing on any FinBucket’s website shall be construed as conferring any license under any of FinBucket’s or any third party’s intellectual property rights, whether by estoppel, implication, or otherwise.
12. Local Laws
FinBucket functions from their office in Delhi, India and makes no representation that the materials on the website are appropriate or available for use in other locations. If you use this Website from other locations, you are responsible for compliance with applicable local laws including but not limited to the export and import regulations of other countries. Unless otherwise explicitly stated, all marketing or promotional materials found on this Website are exclusively directed to individuals, companies or other entities located in India and comply with the laws prevailing for the time being in force in India. Disputes if any shall be subject to the exclusive jurisdiction of Courts at Delhi.
13) Limitation of Liability
You aknowledge and agree that FinBucket and its affiliates, employees, agents, partners and licensors shall not be responsible for any direct, indirect, incidental, special, consequntial or exemplary damages, inclusive of damages for loss of profits, goodwill, use, data or other intangible losses (even if FinBucket has been advised of the possibility of such damages), resulting from use of the site, content or any related services. If, despite the limitations above, FinBucket or its affiliates are found liable for any loss or damage which arises out of or in any way connected with any of the occurrences described above, then the liability of FinBucket and/or Its affiliates will in no event exceed, in the aggregate, the greater of (a) the service fees you paid to FinBucket in connection with such transaction(s) on this Site, or (b) Rupees One Hundred only (INR 100) The limitation of liability reflects the allocation of risk between the parties. The limitations specified in this section will survive and apply even if any limited remedy specified in these terms is found to have failed of its essential purpose. The limitations of liability provided in these terms adhere to the benefit of FinBucket, Its affiliates, and/or their respective service providers.