The freight in transit is highly exposed to the risk of loss or damage due to uncertain events. Here, marine cargo insurance comes into the picture. Marine cargo insurance is a type of property insurance that covers the risk of… Continue Reading
Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an accident insurance scheme announced by the government of India in the 2015 Budget. It is a social security scheme that provides one-year protection against accidental death and permanent disability. Details of PMSBY… Continue Reading
An auto rickshaw insurance is a type of commercial vehicle insurance that provides financial protection to auto rickshaw owners against damage/loss incurred due to accidents and natural calamities. Types of Auto-Rickshaw Insurance Policies There are two types of commercial insurance… Continue Reading
It has come to the notice that, the Insurance Regulatory and Development Authority of India (IRDAI) has provided approval for Bima Sugam. The regulator has asked insurance companies to become part of Bima Sugam by January 2023. This can be… Continue Reading
Do you know a life insurance company cannot reject your claim for non-disclosure in the proposal form after three years? Yes, you read it right. As per Section 45 of The Insurance Laws (Amendment) Act 2015, no insurance company can… Continue Reading
The free look period is a 15 days period (30 days, if the policy is purchased online) available to all life insurance and health insurance policyholders to review their policies and decide whether to continue the policy or cancel it.… Continue Reading
On 29 September 2022, The Insurance Regulatory Development Authority of India (IRDAI) released an exposure draft on dematerialisation of new insurance policies and requested all stakeholders to comment on the proposed regulations by October 20. With the exposure draft, IRDA… Continue Reading
Dieting and exercise can be challenging for people who are overweight and have a higher BMI. There are cases of obesity where doctors recommend bariatric surgery to avoid any health issues in the future. Bariatric surgery is a surgical procedure… Continue Reading
Insurance is something that has to be requested or asked for. One cannot forcefully sell you an insurance policy. If someone coaxes you to buy an insurance policy that you do not want, then do not buy it as you… Continue Reading
Delhi has seen a rise in dengue cases amid heavy rains over the past few days. A total of 525 dengue cases have been reported in the city till September 21, this year. Out of which, 281 were reported this… Continue Reading