Terms and Conditions

Welcome to Mazel Insurance Brokers Pvt. Ltd. ("Mazel Insurance Brokers Pvt. Ltd", "we", "our", or "us"). These Terms and Conditions (“Terms”) govern your access to and use of our services and this website www.basketoption.insure (“Website”). Please read these Terms carefully. By using this Website, you confirm that you are of legal age, competent to contract, and agree to be bound by these Terms.

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Regulatory Compliance

Mazel Insurance Brokers Pvt. Ltd. is a licensed Direct Insurance Broker (Life and General) under the Insurance Regulatory and Development Authority of India (IRDAI), holding License No. 532/IRDA/DB 559/13, valid until 02/08/2027., issued in accordance with the IRDAI (Insurance Brokers) Regulations, 2018. We operate strictly under the regulatory framework and guidelines issued by IRDAI, and are committed to compliance, ethical conduct, and customer protection.

Demographic information such as postal code, preferences, and interests

Other information relevant to customer surveys and/or offers

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Scope of Services
As an insurance broker, our role includes:

Assisting clients in identifying their insurance needs

Offering advice on suitable insurance solutions

Facilitating the selection, comparison, and placement of insurance policies from registered insurers

Supporting clients with policy issuance, endorsement, renewal, and claims process

Providing ongoing customer service and support

Mazel Insurance Brokers Pvt. Ltd does not underwrite insurance or determine premium pricing. The decision to accept risk rests solely with the insurer.

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Disclaimer and Limitation of Liability

Information available on this Website is provided for general information purposes and does not constitute professional advice or a binding offer.

We endeavour to maintain up-to-date and accurate content; however, we do not warrant its completeness or accuracy.

Mazel Insurance Brokers Pvt. Ltd shall not be liable for any loss, damage, or expense arising directly or indirectly due to reliance on the Website content or failure of services beyond our control, including insurer decisions and delays.

We are not responsible for any third-party content, links, or advertisements on our Website.

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Policy Information and Acceptance
Insurance policies are subject to the respective insurer’s underwriting norms, product features, and acceptance conditions. The final policy terms, benefits, exclusions, and pricing are as per the insurer’s policy wordings and documents. Clients are advised to read all policy-related documents carefully before making a purchase.

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Claims Assistance
Mazel Insurance Brokers Pvt. Ltd provides support to policyholders in the event of a claim. However, the responsibility for claim settlement rests solely with the insurer. All claims are subject to the terms and conditions of the insurance policy.

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Use of the Website

You agree to use the Website in accordance with applicable laws and not to misuse its content or functionality.

You must not attempt to gain unauthorized access to any part of the Website or interfere with its operation.

Any misuse may result in denial of access and possible legal action.

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Data Protection and Privacy
We respect your privacy and are committed to protecting your personal data. All data collected is handled in accordance with the Information Technology Act, 2000, relevant rules, and IRDAI guidelines. Please refer to our Privacy Policy for details.

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Intellectual Property
All content on this Website, including text, graphics, logos, and software, is the property of Mazel Insurance Brokers Pvt. Ltd or its content suppliers and is protected by applicable intellectual property laws. Unauthorized use is prohibited.

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Amendments to Terms
We reserve the right to modify these Terms at any time. Such changes will be effective upon posting on this Website. Continued use after changes are posted constitutes acceptance of the revised Terms.

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Governing Law and Jurisdiction
These Terms are governed by the laws of India. Any disputes arising from the use of this Website or services shall be subject to the exclusive jurisdiction of the courts in Bengaluru, India.

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Contact Information
Mazel Insurance Brokers Pvt. Ltd.
IRDAI License No: 532/IRDA/DB 559/13
CIN: U65900KA2012PTC066468.
Registered Office: #2307 "Swanlines" Ground Floor, 12th Main Road, Jayanagar 3rd Block East Bangalore-560011.
Phone: +91 80269 51605
Email: po.boib@boib.in

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Insurance is the subject matter of solicitation
Please read the policy documents carefully before making any purchase. Your use of this Website indicates your acceptance of these Terms and the Privacy Policy.
IRDAI Disclaimer
As per IRDAI regulations:
"Insurance is the subject matter of the solicitation. Mazel Insurance Brokers Pvt. Ltd. is a registered insurance broker with IRDAI. Participation by customers is purely voluntary. The information provided is as per the insurer's terms and conditions. Please read the policy document carefully before concluding a sale."
For any queries or concerns, please contact us at the details provided above.