After IRDAI approved Bima Sugam (An amazon-like platform), an e-insurance account is likely to become mandatory for all policyholders. What is an E-Insurance Account? An e-insurance account (eIA) will be an electronic account (on Bima Sugam) where a policyholder can… Continue Reading
The free look period is a 15 days period (30 days, if the policy is purchased online) available to all life insurance and health insurance policyholders to review their policies and decide whether to continue the policy or cancel it.… Continue Reading
IRDAI (Insurance Regulatory and Development Authority) never sells an insurance policy. It is a regulatory body created to protect the interest of policyholders, to regulate, promote and ensure the growth of the insurance industry in India. However, it has come… Continue Reading
A number of cases are reported where policyholders receive fictitious calls notifying them that their survival benefit or maturity proceeds are due (under their existing policy). They also inform that it is mandatory to invest in a new insurance policy… Continue Reading
There are fraud gangs who call the general public as insurance agents and convince them to surrender their existing insurance policy and misguide them to buy another insurance policy from them. Never get trapped by such fake insurance phone calls. … Continue Reading
We live in the present while securing the future of ourselves and our families. And this is the reason why we purchase a life insurance policy. If you let your policy lapse, then you will deceive the main purpose of… Continue Reading
Did you receive a call from a person who claims to be an insurer, and mis-sold insurance policy in the name of network tower installation? It is insurance fraud. Beware of such calls! Read How Manish Became a Victim… 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 receive a call from a fraud tele-caller? Did they misguide you to buy an insurance policy that you don’t need? Did you believe whatever they said? Did you verify the details and the promises they made from the… Continue Reading