Additionally, O-Locker subscription gives its subscriber 2 very critical tools:-
Digital repository is a tool created by O-Locker to help you digitise your jewellery assets and keep a track of-
When any of your jewellery is insured through O-Locker subscription, it automatically starts reflecting in your repository under INSURED JEWELLERY section. You can use ADD UNINSRED JEWELLERY to digitise your uninsured jewellery too. You can define all the parameters like purity, weight, stone name, stone details, stone weight, name of the jeweller, invoice details etc using this feature for your uninsured item and add images also.
Both your INUSRED and UNINSURED jewellery forms part of your jewellery portfolio and used by O-Locker to give you estimated current valuation of your overall jewellery assets.
We at O-Locker are of firm view that jewellery is not only a powerful emotional assets but also a very powerful financial assets and should be seen very much like any other investment like your equity shares and property assets.
O-Locker benchmarks the gold element and gold purity inherent in your jewellery to the gold prices published daily by IBJA. Indian Bullion and Jewellery Association or IBJA is a flagship pan Indian association of jewellery industry participants and their prices are used by a wider section of society including finance ministry of India also.
Once you have added your jewellery to O-Locker, you have an option to declare different component of your jewellery value like diamond value, labour charges or any other inclusion. Once you have edited your values, O-Locker builds these values in the calculations and give you the most current value of your jewellery.
Insurance cover is provided by leading General assurance cos of India who O-Locker has partnered with to bring this insurance cover to you.
The insurance covers you from loss or damage from a host of specific risk like:
The cover excludes loss/damage from perils like :
Claims shall be payable as per following calculations:
The protection program covers the use of jewellery by you or your family members. The family members include your- parents, siblings, lineal descendants, spouse & daughter in law. In case of married females, the list will also include blood relatives of her husband. Following are not covered though:
No. The policy covers losses when the jewellery is in possession of either the insured or covered family members. When the jewellery is kept in a bank locker or may be with a pawn broker, it is out of scope of your current policy.
Your current policy covers all the losses while they take place in territorial limits of India. Any event occurring out of India are not covered in this policy.
You can intimate us about the claim in either of following 2 ways:
There are certain mandatory documents, which one needs to fill up, sign and submit to insurance company in case of claims. These documents contain – claim intimation form and details of loss event. You must access the 'downloads' section on www.Olocker.in, download these mandatory form, fill up, sign and send to us within 7 days of coming to know of the loss event. In the process of claim, following set of documents are required to be produced:
Yes. Without a proper and detailed FIR, your claim can not be processed. You must take care that FIR states the content of losses, value of loss, exact incident, time and location of loss. Also FIR must mention the relevant section of INDIAN PENAL CODE in it.
It used to be a difficult process in past but now a days to register a FIR is more or less compulsory. Besides, there is no way for an insurance company to verify the genuineness of the claim, hence FIR is a must.
Once you intimate us the claim, our team takes up the claim for further processing which involve appointment of surveyors or investigators (surveyors) as the case may be. These surveyors if needed undertake a visit to the location of the loss and interact with you. They submit their report to insurance co and insurance co takes a decision with regards to passability of the claim. This entire process takes anytime between 30-60 days to complete. In few cases, where insurance co feels more deep diving is needed, claims may take more time to settle.
In case of claim, the following precaution are expected of you:
Value of a single piece of jewellery cant exceed Rs. 25 Lacs.
No, as of now this subscription is available only for new jewellery.
Document locker is part of olocker subscription. This feature allows O-Locker subscribers to upload and access their documents digitally to access any time they are needed.
The feature already has created important categories like Tax documents, bank documents, medical documents etc. But you can create your own categories and document types within category to store pretty much whatever you want to store. Few examples- your daughter's marksheets from her pre primary school days or your medical reports or your identity documents or your financial statements.
Document locker allows you to add, delete, email and download the document your store. It also allows you to categorise them as per your wishes without any strict pre defined rules.
In case you do not renew your subscription, the document locker would be available to you in limited fashion. You wont be able to add & email the documents stored, you wont be able to manage and create categories as well.
O-Locker is entrusted with a lot of sensitive data of its subscribers and hence data security is completely taken care of. The access to your O-Locker is OTP driven and all the documents are stored in encrypted format.
Life is uncertain and even the best laid plans can go awry. Besides while you work, earn and save, you create a lot of financial assets- investments, policies, stake in start ups, partnerships, so on and so forth. Using O-Locker you can ensure that all these assets are (i) informed and (ii) properly divided/ bequeathed to your near and dear ones. So that in case misfortune strikes, you are sure about a few critical things at least. Irrespective of ones age, the will should be created.
In case the will is not there and there is an unfortunate death, the assets and liabilities are then treated as per applicable succession law. For an example- Hindu succession act. The same could be time consuming and not as per your wishes. This may also trigger a lot of disputes amongst your family members after you.
Will can be handwritten as well as typed, however typed will is given more preference. it can be:
A will should have the following details :
A will should be signed by the writer as well as by the witnesses on all the pages.
An executor is the person entrusted to carry out the mandate of the will creator. He/she can be anyone- professional, non-professional , relative friend etc.
No. Its not necessary. However, since registration of the will is done by the will creator himself, an added level of authority is attached with registered will.
The registration is done at Sub Registrar office. The will writer along with witnesses has to visit the said office personally to register the will.
Yes, you can. You can change your will as many times as you want. Every will however will have to have the clause of it being the last will and that all past wills stand cancelled.
Ideally, at a place where its safe and can be accessed by your family members after you.
Nominee and beneficiary can be 2 different persons. Nominee is the one who gets the assets in case of your unfortunate demise but its beneficiary in whom the ownership of the assets lies and nominee will have to distribute the assets as per your will.
Incorrect, as we mentioned there are handwritten wills also. So lawyer is not needed to create a will.