As per the latest reports, the Central Government is in discussions with the Reserve Bank of India (RBI) for curbing mis-selling of insurance plans by Indian banks. The Government has decided to intervene after the receipt of many complaints from… Continue Reading
Insurance companies in the country are often seen to completely bypass the judgments passed by ombudsmen with regard to resolving policyholders’ complaints and grievances. As per the regulations of the insurance ombudsman, insurance companies have to compulsorily adhere to the… Continue Reading
Most people usually complain with regard to the total disregard and casualness shown by employees of their insurance companies with regard to nominees of people who had purchased insurance policies from these organizations. They also refuse to clear any claims,… Continue Reading
IRDAI has come up with multiple guidelines for checking the problem of mis-selling of life insurance plans in the sector. Several efforts have been taken by the regulator to lower such cases of mis-selling in the life insurance segment. 7… Continue Reading
The claim ratio data from IRDAI of top 10 insurance companies is definitely something worth knowing about since it will help you take a good decision before signing on the dotted line. After all, the claim ratio has to be… Continue Reading
There are quite a few things that you should always endeavour to ask your agent prior to purchasing a life insurance policy. These Insurance questions and their answers (whether satisfactory or not) will determine whether you ultimately end up buying… Continue Reading
The importance of health insurance is unparalleled to say the least. Health insurance cover is what keeps your savings secured and your mental peace intact in case you are unfortunately hospitalized and have to undergo treatment or if the same… Continue Reading
The mis-selling of insurance policies has only grown with the passage of time. IRDAI (Insurance Regulatory and Development Authority of India) has thus come out with specific regulations for checking this problem in recent years. IRDAI has been making efforts… Continue Reading
Buying insurance online is always a mixed bag for people; there are pros and cons to it although in recent times, the pros far outweigh the cons. Buying an insurance policy is no longer restricted to those days of consulting… Continue Reading
Before discussing the topic it is important to understand the definition of fraud pertaining to insurance. In a broader term, insurance fraud is an activity or the omission, with the intention to gain advantage through a dishonest or unlawful way… Continue Reading