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Affidavit Of Insurance Coverage for India

Affidavit Of Insurance Coverage Template for India

An Affidavit of Insurance Coverage is a sworn legal document used in India that formally declares and confirms the existence, terms, and status of specific insurance coverage. The document, governed by Indian insurance laws and the Indian Oaths Act, serves as official proof of insurance coverage and typically includes detailed information about policy numbers, coverage amounts, validity periods, and compliance with regulatory requirements. It must be executed before a Notary Public and carries legal weight in administrative, business, and judicial proceedings within Indian jurisdiction.

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Affidavit Of Insurance Coverage

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What is a Affidavit Of Insurance Coverage?

The Affidavit of Insurance Coverage is a crucial document required in various business and regulatory contexts within India. It is commonly used when formal proof of insurance coverage is needed for government tenders, business contracts, regulatory compliance, or legal proceedings. The document serves as a sworn statement that carries legal weight under Indian law, particularly the Insurance Act, 1938, IRDA regulations, and the Indian Oaths Act. It contains comprehensive details about insurance policies, including coverage types, limits, validity periods, and compliance status. The affidavit must be executed by an authorized representative before a Notary Public and can be used to demonstrate compliance with insurance requirements to various stakeholders such as government authorities, business partners, or clients.

What sections should be included in a Affidavit Of Insurance Coverage?

1. Title and Jurisdiction: Specifies that this is an affidavit of insurance coverage and the jurisdiction where it's being executed

2. Deponent Details: Full identification of the person making the affidavit, including name, age, occupation, and address

3. Authority Statement: Declaration of the deponent's authority to make statements on behalf of the insured entity (if representing a company)

4. Insurance Policy Details: Specific details of insurance policies including policy numbers, types of coverage, and validity periods

5. Coverage Statement: Detailed statement of the insurance coverage amounts, terms, and conditions

6. Compliance Declaration: Statement confirming compliance with relevant insurance regulations and requirements

7. Verification Clause: Standard verification statement declaring that the contents are true and correct

8. Signature Block: Space for deponent's signature, date, and place of execution

9. Notary Attestation: Section for notary's official stamp, signature, and registration details

What sections are optional to include in a Affidavit Of Insurance Coverage?

1. Additional Insured Parties: Section listing any additional parties covered under the insurance policy, used when multiple entities are insured

2. Claims History: Declaration of past claims or confirmation of no claims, included when specifically requested by the receiving party

3. Premium Payment Status: Statement confirming that all premium payments are up to date, included when payment verification is required

4. Policy Exclusions: Specific mention of any notable exclusions in the coverage, included when full disclosure of limitations is required

5. Foreign Coverage Extension: Details of international coverage if applicable, used when insurance extends beyond Indian jurisdiction

What schedules should be included in a Affidavit Of Insurance Coverage?

1. Schedule A - Insurance Policy Details: Complete copy or summary of current insurance policies referenced in the affidavit

2. Schedule B - Certificate of Insurance: Copies of current certificates of insurance for all referenced policies

3. Schedule C - Premium Payment Receipts: Copies of recent premium payment receipts or payment confirmation

4. Appendix 1 - Corporate Authorization: If deponent represents a company, documentation proving authority to make the affidavit

5. Appendix 2 - Supporting Documents: Any additional documentation required to support the statements made in the affidavit

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

India

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions

























Clauses






















Relevant Industries

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