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
The mis-selling of insurance products by banks is now increasingly on the rise and one of the reasons for them is the lack of understanding about the products in the bank employees themselves. In other cases, the consumer is deliberately… Continue Reading
Insurance is one of the important and interesting sectors in the world. It is there to secure you, yet it in some cases appears as though a gigantic misuse of assets in the event that you don’t wind up requiring… Continue Reading
We often come across case where senior citizens have been deceived into buying health insurance plans and it has clearly been a case of fraud. Getting insurance has never been easy, considering the prospective policy holder has to understand myriad… Continue Reading
What is Health Insurance? It is a type of health insurance that covers all kinds of medical insurance and the insurance company will be obliged to give the policyholder an insurance cover in exchange for a premium. What are the… Continue Reading
According to the insurance regulator, any kind of genetic disorders, even illnesses cause by menopause in women and mental illnesses are some of the health issues, which can be excluded from being covered by health insurance. In an exposure draft… Continue Reading
A term insurance policy can be one of the greatest financial support after you for your family. The emotional turmoil backed with financial crisis after the demise of the single earning member haunts most of us. Thus, we all opt… Continue Reading
A percentage of the claim amount, which is to be borne by the insured out of his/her pocket, as per the insurance policy, is termed as Co-pay. For health policy, it may range from 10% to 20%. Co-pay for health… Continue Reading