Terms & Conditions

Terms & Conditions – INS-LAB PVT LTD

I/We confirm that all the details and information provided by me/us are true, complete, and correct to the best of my/our knowledge and belief. INS-LAB PVT LTD (including its representatives, affiliates, and authorized partners) shall not be held liable for any consequences, errors, or service limitations arising from the submission of incorrect or incomplete information by me/us.

I/We hereby authorize INS-LAB PVT LTD to collect, store, process, and disclose my/our personal and sensitive personal data to any third party, including but not limited to insurance companies, banks, NBFCs, technology partners, regulatory authorities, and other service providers, solely for the purpose of:

• Insurance solicitation, servicing, claims processing, and policy administration across all lines of business including life, health, motor, travel, home, and other general insurance products.
• Processing and facilitating loan applications, verifications, and servicing, including personal, vehicle, home, business, and other retail or secured/unsecured loans from banks and NBFCs.
• Conducting due diligence, identity verification, KYC, underwriting, credit assessment, fraud prevention, and risk profiling.
• Complying with applicable legal and regulatory obligations, including those under anti-money laundering laws, anti-terrorism legislation, financial reporting, and tax compliance frameworks.

Disclaimer for Market-Linked Insurance Plans (ULIPs)

I/We understand and acknowledge that investments made under Unit Linked Insurance Plans (ULIPs) are subject to market risks, and returns are not guaranteed. I/We agree that:

• The investment risk in such policies lies entirely with the policyholder.
• Returns are influenced by the performance of selected investment funds and are subject to deductions such as fund management charges, mortality charges, premium allocation charges, policy administration costs, rider premiums, and other levies.
• I/We have reviewed the benefit illustration at assumed return rates of 4% and 8% and fully understand that these are hypothetical and not representative of any guaranteed outcome.