Payment of damages by the insurance company against your Householders' policy is paid directly to your account through NEFT,instead of cheque as was customary earlier.
In most countries a driving licence could not be taken as payment or punishment for damages owed to an insurance company as that you be a civil matter.
Auto insurance: An accident that damages your vehicleDisability insurance: An injury that causes you to lose wagesHomeowners insurance: A fire in your house that damages your personal possessionsHealth insurance: An illness that involves a trip to the doctor.
Not normally as that route is open to fraud.
If it was there fault their insurance company will be responsible for the damages. So yes you can sue, but most likely this won't be necessary as long as the insurance company gives you fair compensation.
Yes, most insurance will allow you to make an, lump sum, out-of-pocket payment for the damages.
If you're talking about his or her insurance company, then probably not since it's customary for the insurance company to get subrogation rights in exchange for payment. The insurance company can certainly sue you but they don't always do so.OTOH, if your insurance made the payment then absolutely not unless your insurance company is incompetent. Insurers always make claimants waive all future legal remedies arising from that claim before paying. The claim is considered settled in full.
HSBC is a reputed insurance company in India for payment protection insurance.
A. Life Insurance
You can get payment protection insurance by speaking with your insurance agent and asking whether or not the company offers such an insurance. You can try insurance agencies like Progressive or Advantage.