An overview Death is certain; the timing of death is uncertain. Insurance covers the financial loss due to death and pays the promised death benefit to the nominee. However, there can be cases when insurance companies can deny or delay… 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
Life insurance protects your family from financial loss. No one can compensate for emotional loss but financial loss can be protected through insurance. Life Insurance gives you and your loved ones peace of mind; hence, all premiums must be paid… Continue Reading
Akash caught himself in a dilemma when he wanted to purchase life insurance. Being a smoker, he faced a tough choice of whether to disclose his smoking habits to the insurance company. He followed his instinct, chose not to reveal… Continue Reading
Life insurance is an essential part of financial planning that provides financial protection for loved ones in the event of an individual’s death. However, not all life insurance policies are created equally. In India, there are several types of life… Continue Reading
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), first mentioned in the 2015 Budget Speech of then-Finance Minister Arun Jaitley, was launched by our Hon’ble Prime Minister Narendra Modi on May 9, 2015. It is a life insurance scheme that aims… Continue Reading
Insurance scams are very common in the insurance sector. Innocent customers get calls from fake insurance agents. They try to coax you to buy an insurance policy by giving you offers that will sound too good to be true. Beware… Continue Reading
Did you recently receive a spurious call from a fake insurance intermediary? Were you lured by his fake offers and bought an insurance policy? Then there are chances that it could be a case of insurance mis-selling. You don’t need… Continue Reading
Lapsed Policy Insurance Policy gets a lapsed status when the premiums are not paid even after grace period. Either the purpose of insurance stops or gets reduced depending on type of Insurance plan. In participating plans, benefits are reduced on… Continue Reading
Death is somethivng which is an unpredictable event. It is always better to get a life insurance so as to financially secure future of loved ones. In case an unfortunate event occurs, nominee need to apply for a claim. However,… Continue Reading