Health Insurance is a contract between Insurance Company and Insured where Insurance Company promises to pay claim in case of any medical treatment through hospitalization. This is called Proposal and acceptance contract because Insured fills up a Proposal form and… Continue Reading
The mis-selling of insurance policy is at its peak and the main reason for this is that some people are trying to mis-sell insurance policies for their own benefit. There have been often cases where customers are mis-sold an insurance… Continue Reading
Purpose of Health insurance is to avail monetary support during period of treatment in hospital. Health insurance is an indemnity product which means that Insurance Company indemnifies the monetary expenses incurred on account of medical treatment. It also means that… Continue Reading
Insurance mis-selling is getting so common these days and getting a call from an insurance company representative who is eager to try to sell you an insurance policy is so common these days, but there are some people who will… Continue Reading
The purpose of health insurance is to avail of monetary support during the period of treatment in the hospital. Health insurance is an indemnity product which means that the insurance company indemnifies the monetary expenses incurred on account of medical… Continue Reading
We often get many aggrieved customers who have been experiencing insurance fraud or being mis sold insurance policy with a promise of loan against insurance policy in India. In most of these cases the script used by the tele caller… Continue Reading
Purpose of life insurance is to pay the claim to nominee in case of death of life insured and pay the maturity claim to Proposer in case of survival. Life insurance is also a saving instrument which guarantees to fulfill… Continue Reading
Surinder Chopra is a middle-aged cloth merchant who has also been a loyal LIC customer for decades. He purchases a policy from his local LIC agent; however, recently he has also been getting some phone calls regarding some attractive LIC… Continue Reading
Manju Dhingra is an elderly lady and senior citizen whose only relative is her son. After her son moved to the US for better career prospects, she has challenges with managing many tasks. Her son is also worried about his… Continue Reading
Ratna was processing the motor insurance claim for her car which was damaged in a road collision. She was being guided by her cousin’s husband who had owned a vehicle for many years. She filed all the paperwork properly and… Continue Reading