Ajay Singh (32) had bought a health plan in 2020 after the outbreak of the pandemic made him realise the importance of it. He got hospitalised in August 2021 due to Covid-19. He was sure his health plan would take… Continue Reading
Walk into any bank and ask for a fixed deposit, some relationship manager would take you on a side and recommend Single premium insurance policies. They would promise superior returns, life cover and tax benefits. They would commit liquidity in… Continue Reading
Anisha Gupta has had a health insurance policy for the last five years. Lately, as the new health plans are being launched, she is drawn to those. She is worried she’ll lose credits on the waiting period and no-claim bonus… Continue Reading
Vikas Kumar got hospitalised due to a severe health emergency. He was assured his health cover of Rs 10 lakh will take care of his hospitalisation expenses. To his surprise, when the claims got approved, he still had to pay… Continue Reading
After receiving the policy document, it’s always recommended to read the policy document since you have entered a long-term commitment with your insurance company. While your insurance company has agreed to protect you from the risk for which you have… Continue Reading
“Insurers can’t repudiate claims by citing existing medical conditions: SC” The Supreme Court has ruled that once a policy has been granted, an insurer cannot reject a claim by using an existing medical condition that was declared by the insured… Continue Reading
Raj Kumar retired from a private job. He received Rs 60 lakh from his Provident Fund and gratuity. He wanted to begin a fixed deposit to ensure a regular income of approx Rs 3 lakh per year. In the bank,… Continue Reading
Ashok ji was retiring as General Manager with a private company. He was quite satisfied with his life planning. In 2005, he had invested in a pension plan of an Insurance company. He was saving Rs 2 lakh… Continue Reading
Challenges to protecting the interest of Policyholders in digital form filling? Insurance is an offer and acceptance contract that works on the principle of business solicitation through an intermediary as per the process below : Agent/Broker / POS approach a… Continue Reading
Misselling in name of commission in the old policy There is a new way in which the tele caller is luring the common man in Insurance misselling Everyone is experiencing this interesting call!! Let’s understand Caller 1: Sir, I am… Continue Reading