We buy life insurance to provide financial security to us (at the time of maturity) and to our family in case something happens to us (as a death benefit). It is worth being extra careful while buying one so as… Continue Reading
Mental illness is something that is considered to be taboo. It is a topic that society does not want to talk about and has pushed behind closed doors. But now, the thinking of people is changing. Young people prefer to… Continue Reading
Insurance Mis-selling: Insurance is a well-regulated business and all insurance companies follow the basic guidelines provided by the regulator – The Insurance Regulatory and Development Authority of India (IRDAI). The regulator insists on basic guidelines as below : Insurance should… Continue Reading
On 29 September 2022, The Insurance Regulatory Development Authority of India (IRDAI) released an exposure draft on dematerialisation of new insurance policies and requested all stakeholders to comment on the proposed regulations by October 20. With the exposure draft, IRDA… Continue Reading
Insurance is something that has to be requested or asked for. One cannot forcefully sell you an insurance policy. If someone coaxes you to buy an insurance policy that you do not want, then do not buy it as you… Continue Reading
Good News: IRDAI plans to move insurance from paper to digital. It has mandated the dematerialisation of insurance policies by this year. All the new insurance policies will have to be compulsorily issued in dematerialised (demat) form. December 2023 has… Continue Reading