Insurance Regulatory and Development Authority of India (IRDA) latest report suggests unclaimed insurance money is lying with all the 23 Insurance Companies which amounts for Rs.15,167 crore and has been growing by 25% annually over the past five years. Life… Continue Reading
You get a call from an insurance company telling you of a new scheme where you will get free health insurance if you buy a life insurance policy from them. What’s more, you only pay the premium of your life… Continue Reading
A free look period in Insurance policy is a 15 days’ time allocated to the insured where he enjoys full coverage and can review the policy details, clarify its terms and conditions, and in case finds that the product does… Continue Reading
We have 17 Insurance Ombudsman in India at different Locations. The Ombudsman can be approached by the complainant or through their legal hires, nominees or assignee. You can file a complaint against your Insurance Company. This is an out of… Continue Reading
We were approached by Mr. Singh, who was a victim of mis-selling of an insurance policy by a broker with a guarantee to receive loan. On further investigation, we found that Mr Singh needed a loan of Rs 10 lacs. The fraudsters… Continue Reading
Often times, it so happens that we buy something on impulse and eventually end up regretting the purchase. This also holds good for insurance policy. If you are not adequately well-informed about the policy sum assured, or are dissatisfied with… Continue Reading
It is important to have a car insurance if you want to drive a vehicle on Indian Roads and according to Motor Vehicles Act 1988, you can even be fined if you do not have insurance. Hence, it will require… Continue Reading
It is no secret now that healthcare in any part of the world today is quite expensive and many find it very difficult to pay for treatment. Even if one is financially sound, it makes no sense to put all… Continue Reading
Depreciation is the reduction in the value of your assets as they get older. The value of all the materials like plastic, metal or glass that are used in the construction of your car is scaled down over time. You… Continue Reading
The concept of insurance brokers or agents has been introduced in India by the IRDAI through the Insurance Brokers Regulation 2002 that was again amended in 2013. Certain functions and code of conduct of a broker are stated in these… Continue Reading