top of page

Insurance

Aroon Fintech Private Limited Registered Office: 2524 Sainik Colony, Sector 49 , Faridabad, Haryana 121001 Insurance is provided by respective partners associated with us.

DISCLAIMERS

  • Insurance is a subject matter of solicitation. 

  • AFPL does not underwrite the risk nor act as an Insurer. The insurance products offered is underwritten by respective Insurance Partners only.

  • Insurance product information displayed on the Site is of the respective Insurer with whom AFPL have an agreement. The information and data provided on this Site, to the best of our ability, is accurate. While all reasonable care has been taken with regards to the information published on the Site, AFPL does not claim that the Site shall be free or errors or inconsistencies or accept any legal responsibility for the same.

  • For more details on the risk factors, benefits, exclusions, limitations please read the policy terms and conditions, sales brochure of the respective Insurance Product carefully before concluding the sale. 

  • Any Discounts offered on insurance products is by respective Insurance Company as approved by IRDAI.

  • Your purchase of an insurance product basis the information provided on this Site, is purely voluntary, basis your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and AFPL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly.

  • The information provided by you will form the basis of the insurance policy, and that the policy will come into force only after full payment of the premium by the respective Insurance Company. 

  • You declare that you will notify in writing any change occurring in the occupation or general health of the life to be insured/proposer after the proposal has been submitted but before communication of the risk acceptance by the Insurance Company. You authorize AFPL/Insurance Company to share information of your proposal including the medical records of the insured/ proposer for the sole purpose of underwriting the proposal and/or claims settlement with the Insurance Company and with any Governmental and/or Regulatory authority, as and when required.

  • All claims under the policy will be solely decided upon by the respective Insurance Company. AFPL holds no warranty and does not make any representation about the quality of claims processing and shall not be responsible for claims, recovery of claims, or for processing of or clearing of claims, in any manner whatsoever. 

  • Taxes shall be applicable as per governing tax laws and shall be borne by the Policyholder as per applicable rate. Tax laws are subject to change from time to time. Please consult your tax advisors for details. 

ULIP Disclaimer

  • IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

  • Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the Customer/Policyholder shall be responsible for his/her decision.

  • By choosing to invest via this Site you hereby voluntarily choose to bypass the Suitability Module as you have understood the benefits, terms and conditions of the product/plan chosen by You and You further declare that the product/plan selected by You suits your requirements.

  • The name of an Insurance Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. Also, Past performance is no guarantee of future results. and is of indicative nature.

Pocket Insurance Disclaimer

The product name(s) mentioned in pocket insurance PDP page are purely provided for illustrative and awareness purposes. The cover provided therein forms part of the main product mentioned in the product document (details whereof are provided in the each such the product description pages) and the same have been illustrated above by way of simplified and easy to relate/understand names. These simplified names are to educate/create awareness for the prospective buyers to be able to understand the actual extent and relevance of insurance protection which can be opted by an individual for the varied category of risks and or risk which may arise in different circumstances on a daily basis. In case of any dispute, the terms and conditions detailed in the Policy document or policy schedule, or certificate of insurance shall prevail.

 

All offers are provided by the Insurers, which are subject to modification and to the specifically applicable terms and conditions. This disclaimer shall be applicable to pocket insurance products over and above the generic aforementioned disclaimers. 

Loans

Aroon Fintech Private Limited (referred hereinafter as ‘AFPL’) renders services to various Banks, Non-Banking Financial Companies (NBFCs), Housing Finance Companies (HFC) and Financial institutions, governed by RBI/NHB (referred hereinafter as ‘Lending Partner’) for customer sourcing, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business.

 

In pursuance to your application for a loan, you agree to have read and accepted the following terms:

 

1. Your loan application on the website is not a commitment to lend. All loans subject to credit approval by Lending Partners. Sanction of Loan granted to you is the sole decision of the Lending Partners. AFPL holds no warranty and does not make any representation about the sanction of loans.

 

2. Rates shown are minimum available and may vary depending on your individual circumstances, loan amount and lender partner’s approval criteria.

 

3. Any decision to apply for a lending product is solely at your own risk and responsibility and AFPL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly.

 

4. Your loan application may be rejected without specifically assigning a reason to reject the application. AFPL or the lending partners will have no warranty or liability for such rejections.

 

5. You will keep AFPL informed of any change in the information provided by you in this application form.

 

6. You confirm that you have/had no insolvency proceedings against you nor have you ever been adjudicated insolvent by any court or other authority and you further confirm that you have read the information on various loan products available on the Website.

 

7.  The EMI calculators are provided on the website are only as self-help planning tools. Results depend on many factors, including the assumptions you provide. AFPL does not guarantee their accuracy or applicability to your application.

 

8.  Display of loan products of various Lending Partners on the Platform does not in any way imply, or constitute any endorsement, recommendation, advice or approval from AFPL  in favour/against the Lending Partners and/or their products.

Data Exporter 
Data exporter is associated Banks/ NBFCs/ Financial Institutions

Data importer 
The data importer is AROON FINTECH PRIVATE LIMITED

Data subjects 
The Personal Data transferred concern the following categories of Data Subjects: 
Categories of Personal Data The Personal Data transferred concern the following categories of data: 
Personal details (e.g., name, address, contact information)
KYC documents (e.g., government-issued ID, proof of address)
Any other documents required by the bank for loan eligibility and further processing.


Categories of Personal Data 
The Personal Data transferred concern the following categories of data: 
Applicant Name, Phone Number, E-mail Id, Current Residencial Address, date Of Birth, Occupation, Salary and Income received as, Monthly Income

Special categories of data (if appropriate) 
The personal data transferred concern the following special categories of data: 
Aadhar Card , PAN Card, Passport Size Photograph, Six Month bank Statement, 2 years ITR, Profit & Loss and Balance Sheet, last 3 Month Salary Slip (if Salaried), Electricity Bill and other documents required by the bank

Processing operations 
The personal data transferred will be subject to the following basic processing 
activities: 

  • Customer/applicant will fill the form and submit the documents online through our platform.

  • If any documents are found missing according to the list of required documents, those documents will be requested from the customer.

  • After successful collection of documents, the entire file is submitted to the bank for the loan application process.

  • The company will coordinate with the bank until the disbursement of the loan amount.

Mutual Funds

 

All content and research information, are believed to be obtained from reliable sources, is provided on ‘As-is’ basis. Any recommendations or reviews do not guarantee fund performance, nor should they be viewed as an assessment of funds, or the fund’s underlying securities’ creditworthiness. AFPL does not warrant any assured rate of returns or completeness, accuracy, timely availability of Platform of the information and services herein and or offered through the platform and disclaims all warranties; whether express or implied. Past performance, when presented, is purely for reference purposes and is not a guarantee of similar future results.

The Services offered through the Platform does not constitute investment advice or advice or any nature. You shall be solely responsible for any investment decisions and for the purchase of any mutual funds on the Platform and for placing reliance on the information provided on the Platform.

 

This Platform is an order collection platform and payment shall be facilitated through Integrated Capital Services Ltd, (ICSL) clearing corporation of BSE. You expressly agree that AFPL is not liable or responsible and does not represents or warrant for any damages regarding non-execution of orders or any incorrect execution of orders with regards to the order placed for the chosen funds by You using the Platform, but not being limited to any link/ system failure, sufficient/ insufficient funds at your end, AFPL or the exchange platform.

 

You agree and undertake not to hold AFPL and its service providers, MF Partners liable for the following:

 

1)     any delay or failure in processing the transactions carried out by you due to any system failure or for any other reason whatsoever.

 

2)     for any loss or damage incurred or suffered by you due to any error, defect, failure or interruption in the dealing arising from or caused by any reason whatsoever.

 

3)     for any fraud, negligence/mistake or misconduct by you including failure to comply with the KRA/KYC norms or provision of a valid PAN or PMLA requirements.

 

4)     for any loss or damage incurred or suffered by you due to withdrawal or termination or suspension of this facility arising from or caused by any reason whatsoever.

 

AFPL does not warrant or accept liability, responsibility of any harm, losses, damages, however caused in connection with the use of, or on the reliance of the product or related services being offered through the platform including but not limited to non-execution of orders or any incorrect execution of orders by You or due to, any link/system failure or insufficient funds in your trading account. Neither does it take any responsibility or liability for any loss or shortfall incurred by the investors.

 

You recognize that AFPL will not record or validate any of the IP address through which the transactions are placed, provided the user logs in with the access credentials assigned to you; and AFPL shall not be held liable, to presume that the transactions have been placed by you.

 

Mutual funds, like securities investments, are subject to market and other risks and there can be no assurance that the objectives of any of the schemes of the Fund will be achieved. Please read the scheme information and other related documents carefully before investing and obtain expert professional advice with regards to specific legal, tax, and consequences of investments and risk factors. You are requested to evaluate your investment choices based on your investment goals and risk appetite. 

 

As per SEBI, NAV is required to be disclosed by the mutual funds on a daily basis. The NAV per unit of all mutual fund schemes have to be updated on AMFI’s website and the Mutual Funds’ website by 11 p.m. of the same day. Fund of Funds are allowed time till 10 a.m. the following business day to update the information.

Unlike stocks (where the price is driven by the market and changes from minute-to-minute), mutual funds don't declare NAVs through the day. Instead, NAVs of all mutual fund schemes are declared at the end of the trading day after markets are closed, in accordance with SEBI Mutual Fund Regulations.

 

NAV is declared by the mutual funds only on business days.

 

You acknowledge and accept that there may be delay in the NAV updated on Aroon Fintech, as the NAV information updated on the website or mobile App is obtained from external sources and is provided on “As-is” basis. In case of any discrepancies or delays observed in the NAV updated kindly visit the respective AMC’s website or AMFI website to check the updated NAV.

 

Also note that the mutual fund units are allocated only at the prospective NAV, i.e. the NAV that would be declared at the end of the day, based on the closing market value of the securities held by the respective schemes.  The cut-off time for submission/receipt of fund is the important factor based on which the respective end-of-day NAV is considered.

bottom of page