Overview As policyholders, we rely on insurance to protect us during challenging times. When unforeseen events like health emergencies, property damage, or the loss of a loved one occur, insurance claims offer the much-needed financial support during our most vulnerable… Continue Reading
How to Recognize Mis-Selling Tactics in Insurance Policies Insurance is bought to protect the family and businesses against the unforeseen circumstances. When we look at a life insurance product, we need to understand the protection the product offers. The advisor… Continue Reading
Non disclosures which result in claim rejections Welcome back to the insurance mis-selling series that we started a week ago. We at Insurance Samadhan constantly speak about insurance-related problems that people deal with. We feel it is our responsibility to… Continue Reading
Case Study- Insurance Mis-selling by Banks We at Insurance Samadhan ensure that the readers get a real insight into what happens in the insurance world. Last month, we started a series of blogs, “What are the most common reasons for… Continue Reading
Case 1: Change of Existing Policy Mr. Birju’s was having Insurance with ABC Life Insurance. He bought the policy in 2018 and has been paying regular premiums. One day, he received a telecall. The caller introduced himself as the Relation… Continue Reading
Insurance mis-selling is becoming increasingly well-known in India, even though IRDAI regularly keeps a tab on the insurance sector. Recently, there has been a lot of buzz around insurance mis-selling due to a video leak of a certain bank. In… Continue Reading
We buy life insurance to provide financial security to us (at the time of maturity) and to our family in case something happens to us (as a death benefit). It is worth being extra careful while buying one so as… Continue Reading
Insurance Mis-selling: Insurance is a well-regulated business and all insurance companies follow the basic guidelines provided by the regulator – The Insurance Regulatory and Development Authority of India (IRDAI). The regulator insists on basic guidelines as below : Insurance should… Continue Reading
Mis-selling in insurance is a big problem faced in the insurance industry. Hundreds of people fall into the trap set by the callers who claim to be an employee of insurance companies/ government. They will try to misrepresent the facts… 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