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Kidnap and ransom insurance is designed to protect individuals and companies working in high-risk areas around the globe in opposition to the perils of kidnap, extortion, wrongful detention and hijacking.<br>In some geographical areas, the policy may exclude sure forms of risks, such as flood or  [https://www.kaawan.com/index.php?title=Insurance_Statistics www.kaawan.com] earthquake, that require extra coverage. Maintenance-related issues are usually the house owner's duty. The coverage might embody inventory, or this can be bought as a separate policy, especially for individuals who hire housing. In some international locations, insurers supply a bundle which can embrace legal responsibility and legal responsibility for accidents and property injury caused by members of the household, together with pets. Under Section 80C of the Income Tax Act, premiums paid in direction of a life insurance policy qualify for a deduction as a lot as Rs. 1.5 Lakh.
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