• Terms and Conditions

Terms and Conditions

Welcome to www.Policyworld.com website (the "Site") operated by Gennext Insurance Brokers Private Limited which provides consumers a very flexible and easy way to buy Insurance Products from Multiple Insurance Companies. Gennext is a licensed Insurance Broker holding the Insurance Broking License (Direct-Life and General) from Insurance Regulatory and Development Authority of India (IRDAI) having IRDAI License Code DB575/14, License no. 501. Policyworld or Gennext is not an Insurance Company.

Policyworld provides its services to you subject to the following conditions. Before you may use the Site, you must read and accept all of the terms and conditions in the linked Privacy Policy. We strongly recommend that, as you read this Terms and Conditions, you also access and read the linked information, since it is incorporated into and hereby made part of these Terms and conditions. These Terms and Conditions is effective upon acceptance. Use of any functionality of the Site constitutes acceptance of this Terms and Conditions. If these Terms and conditions conflicts with any other documents, the Terms and Conditions will control for the purposes of usage of the Site. If you do not agree to be bound by these Terms and Conditions and the Privacy Policy, you may not use the Site in any way. Be sure to return to this page periodically to review the most current version of the Terms and Conditions. We reserve the right, at any time, at our sole discretion, to change or otherwise modify the Terms and Conditions without prior notice, and your continued access or use of this Site signifies your acceptance of the updated or modified Terms and Conditions.

When you use Policyworld.com, you understand and agree that:

Policyworld 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 Policyworld's sole discretion) an unreasonable or disproportionately large load on Policyworld's infrastructure; or any use of data mining, robots, or similar data gathering and extraction tools. You may not bypass any measures used by Policyworld to prevent or restrict access to the Site. Any unauthorized use by you shall terminate the permission or license granted to you by Policyworld.

By using the Site you agree not to:

  • use this Site or its contents for any commercial purpose;
  • make any speculative, false, or fraudulent transaction or any transaction in anticipation of demand;
  • 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;
  • 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;
  • take any action that imposes, or may impose, in our discretion, an unreasonable or disproportionately large load on our infrastructure;
  • deeplink to any portion of this Site (including, without limitation, the purchase path for any service) for any purpose without our express written permission; or
  • "frame", "mirror" or otherwise incorporate any part of this Site into any other website without our prior written authorization. You will be solely responsible for any loss or damage that Policyworld.com directly or indirectly incurs or suffers due to any unauthorized activities conducted by you, and may also incur criminal or civil liabilities
  • Policyworld.com has limited control over the information available on the website which is provided by the participating Insurers.
  • Policyworld.com does not warrant or guarantee the merchantability, timeliness, accuracy or completeness of the information or quality of the results obtained from the use of the information contained in the website.
  • To the maximum extent permitted by law, Policyworld.com has no liability in relation to or arising out of the website information and website recommendations. Insurance is a subject matter of solicitation and as a user, you are responsible for the final choice of the product made by you. You agree and accept to read through all information supplied by the relevant insurance provider and, if required, after seeking any further advice from the relevant participating Insurer before choosing your product.
  • Policyworld.com may pass on your personal information to the relevant participating provider if you apply to purchase a product through Policyworld.com. For accessing the resources, you will be required to share specific personal details - name, address, contact details etc. By providing your information, you authorize us to access on your behalf your records from the competent authority, such as Aadhar, RTO etc for facilitating your transaction through us.
  • You hereby declare, on your behalf and on behalf of all persons proposed to be insured, that the statements, answers and/ or particulars given by you are true and complete in all respects to the best of your knowledge and that you are authorized to propose on behalf of these other persons. You understand that the information provided by you will form the basis of 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. You further declare that you will notify in writing any change 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.
  • Please note that Policyworld is only collecting or assisting in collecting the premium deposit on behalf of the insurer you have chosen to buy the policy. The acceptance of the deposit as premium and final issuance of the policy is subject to the underwriting norms and discretion of the Insurer whose policy you have chosen to buy on which Policyworld has no control. Policyworld will ensure that the amount is refunded by the insurer in case there is no ultimate issuance of policy.
  • Your login information associated with any account you use to access the resources on Policyworld.com will be kept confidential.
  • You shall be responsible and liable with respect to any activity occurring under your account
  • Policyworld.com may provide various open communication tools on our website, such as blog comments, posts, public chat etc. You understand that whatever material you wish to share via these tools to our website should be in a responsible and ethical manner. Policyworld does not claim ownership of any materials you make available through the Site. With respect to such materials you submit or make available for inclusion on the Site, you grant Policyworld a perpetual, irrevocable, non-terminable, worldwide, royalty-free and non-exclusive license to use, copy, distribute, publicly display, modify, create derivative works, and sublicense such materials or any part of such materials (as well as use the name that you submit in connection with such submitted content). You hereby represent, warrant and covenant that any materials you provide do not include anything (including, but not limited to, text, images, music or video) to which you do not have the full right. We take no responsibility and assume no liability for any submitted content posted or submitted by you. We have no obligation to post your comments; we reserve the right in our absolute discretion to determine which comments are published on the Site. If you do not agree to these terms and conditions, please do not provide us with any submitted content. You agree that you will not upload, post, share or otherwise distribute any content that:
  • is illegal, threatening, defamatory, abusive, harassing, degrading, intimidating, fraudulent, deceptive, invasive, racist, or contains any type of suggestive, inappropriate, or explicit language;
  • Infringes on any trademark, patent, trade secret, copyright, or other proprietary right of any party;
  • Contains any type of unauthorized or unsolicited advertising; Impersonates any person or entity, including any of http://www.Policyworld.com or Gennext employees or representatives.

You shall be solely liable for any damages resulting from any violation of the foregoing restrictions, or any other harm resulting from your posting of content to this Site. We have the sole discretion to remove any content that in our opinion does not comply with this Terms and Conditions or is offensive, harmful, objectionable, inaccurate, or violative of any third party copyrights or trademarks. Where we decide to remove such content, you hereby consent to such removal, and consent to waive any claim against us. Policyworld.com does not assume any liability for any content posted by you or any other third party users of our website.

Disclaimer of Liability and Warranty

The Content, Products, and Services Published on this site may include inaccuracies or errors, Including Pricing errors. We do not guarantee the accuracy of, and disclaim all liability for any errors or other inaccuracies relating to the information and description of the content, products, and services we expressly reserve the right to correct any pricing errors on the site and/or on pending reservations made under an incorrect price. By using our website, you understand and agree that all Resources we provide are “as is” and “as available”. This means that we do not represent or warrant to you that:

  • The use of our Resources will meet your needs or requirements.
  • The use of our Resources will be uninterrupted, timely, secure or free from errors.
  • The information obtained by using our Resources will be accurate or reliable, and
  • Any defects in the operation or functionality of any Resources we provide will be repaired or corrected.

Policyworld hereby disclaims all warranties and conditions with regard to this information, software, products, and services, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title, and no infringement. The service providers providing services on this site are independent affiliates and Policyworld 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. Policyworld and its affiliates have no liability and will make no refund in the event of any delay, cancellation, strike, force majeure or other causes beyond their direct control, and they have no responsibility for any additional expense omissions delays or acts of any government or authority. In no event shall Policyworld 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 the delay or inability to access, display or use this site (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 Policyworld and/or its affiliates their respective service providers have been advised of the possibility of such damages.

Further, there are no guarantees and no warranties regarding online availability, impressions, and click-through of www.Policyworld.com, its web pages, and any material, information, links, or content presented on the web pages at www.Policyworld.com. Policyworld.com, its web pages, and any material, information, links, or content presented on the web pages at www.Policyworld.com, may be unavailable for online access at anytime.

Free look period Cancellation and Refund

As per the IRDAI rules and regulations, you have the right to cancel your insurance policy within 15(fifteen) 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 encourage all our customers 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. Further, you understand that once you place a cancellation request within the Free look period, the policy gets cancelled and entire premium is refunded to you subject to deduction of

  • charges pertaining to medical tests conducted
  • administrative and service cost like stamp duty etc. and;
  • 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 above shall be the sole responsibility of the insurer per the rules and regulations laid down by the IRDAI. You understand that Policyworld has tied up with RBI authorized payment gateways to allow you to make online payments towards your insurance premium amount and is only acting as a mere facilitator and providing its assistance to its customers for speedy refunds.

Other Terms and Conditions

  • All content and materials available on http://www.Policyworld.com/, including but not limited to text, graphics, website name, code, images and logos are the intellectual property of Gennext Insurance Brokers Pvt. Ltd., and are protected by applicable copyright and trademark law. Any inappropriate use, including but not limited to the reproduction, distribution, display or transmission of any content on this site is strictly prohibited, unless specifically authorized by Gennext Insurance Brokers Pvt. Ltd.
  • You agree that we may, at our sole discretion, suspend or terminate your access to all or part of our website and Resources with or without notice and for any reason, including, without limitation, breach of this User Agreement. Any suspected illegal, fraudulent or abusive activity may be grounds for terminating your relationship and may be referred to appropriate law enforcement authorities. Upon suspension or termination, your right to use the Resources we provide will immediately cease, and we reserve the right to remove or delete any information that you may have on file with us, including any account or login information.
  • The Site or third parties may provide links to other World Wide Web sites or resources. Because Policyworld has no control over such sites and resources, you acknowledge and agree that Policyworld is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any content, advertising, products or other materials on or available from such sites or resources. You further acknowledge and agree that Policyworld shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource.
  • You expressly understand and agree that Policyworld and its subsidiaries, affiliates, officers, employees, agents, partners and licensors shall not be liable to you for any direct, indirect, incidental, special, consequential or exemplary damages, including, but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if Policyworld has been advised of the possibility of such damages), resulting from use of the site, content or any related services. If, despite the limitation above, Policyworld 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 Policyworld and/or Its Affiliates will in no event exceed, in the aggregate, the greater of (a) the service fees you paid to Policyworld 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 inure to the benefit of Policyworld, its affiliates, and/or their respective service providers.
  • You agree to indemnify and hold Policyworld (and its officers, directors, agents, subsidiaries, joint ventures, and employees) harmless from any and against any claims, causes of action, demands, recoveries, losses, damages, fines, penalties or other costs or expenses of any kind or nature, including reasonable attorneys' fees, or arising out of or related to your breach of this Terms and Conditions, your violation of any law or the rights of a third party, or your use of the Site.
  • When you use the Site or send emails to Policyworld, you are communicating with Policyworld electronically. You consent to receive communications from Policyworld electronically. Policyworld may communicate with you by email or by posting notices on the Site or by phone or usually available means of communication. You agree that all agreements, notices, disclosures and other communications that we provide to you electronically satisfy any legal requirement that such communications be in writing.
  • Notwithstanding any other provisions of these Terms and Conditions, or any general legal principles to the contrary, any provision of these Terms and Conditions that imposes or contemplates continuing obligations on a party will survive the expiration or termination of this Terms and Conditions.
  • If any of these conditions are deemed invalid, void, or for any reason unenforceable, the parties agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the unenforceable condition shall be deemed severable and shall not affect the validity and enforceability of any remaining condition. Headings are for reference purposes only and do not limit the scope or extent of such section. These Terms and Conditions and the relationship between you and Policyworld will be governed by the laws of the India without regard to its conflict of law provisions. This website is controlled by Gennext Insurance Brokers Pvt. Ltd. from our offices located in the state of Gujarat, India. It can be accessed by most countries around the world. As each country has laws that may differ from those of Gujarat, by accessing our website, you agree that the statutes and laws of Gujarat, without regard to the conflict of laws and the United Nations Convention on the International Sales of Goods, will apply to all matters relating to the use of this website and the purchase of any products or services through this site. Furthermore, any action to enforce these terms and conditions shall be brought in the federal or state courts located in India, Gujarat. You hereby agree to personal jurisdiction by such courts, and waive any jurisdictional, venue, or inconvenient forum objections to such courts.
  • UNLESS OTHERWISE EXPRESSED, GENNEXT INSURANCE BROKERS PVT. LTD. EXPRESSLY DISCLAIMS ALL WARRANTIES AND CONDITIONS OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES AND CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.

If you have any questions or comments about these our Terms of Service as outlined above, you can contact us at:

Gennext Insurance Brokers Pvt. Ltd
502, Sears Tower, Gulbai Tekra
Off. C.G. Road,
Ahmedabad - 380006