It’s a pandemic situation and hospitals are working to their full capacity all over the world. The number of health claims are rising every day. While the insurance regulator (IRDAI) has asked insurers to expedite claims settlement for COVID-19 claims, there have… Continue Reading
Ashok had 5 insurances which he had taken for the financial security of his family. Ashok shifted his job from Mumbai to Delhi and all documents were kept at different places. One day, Ashok died and his family had to move every… Continue Reading
The loss of a loved one causes unimaginable pain, and in these times of distress and grief, accurately applying for a life insurance policy claim might be a tough process to go through. But it is imperative to do so, as these… Continue Reading
IRDA has made very strict guidelines on Distance Marketing selling. But this channel seems to be having more problems than solution. Ashok was looking for a loan of Rs 10 lakh. He was offered a loan on 4% interest but… Continue Reading
All life Insurance contracts are governed by section 45 of Insurance Act – meaning indisputability of Insurance Contract after 2 years of policy commencement or policy reinstatement. What Does Mean of Section 45 in Insurance to General Public A: Death… Continue Reading
Term Life Insurance is the best protection one can offer against untimely death. We all have basic monthly home expenses which includes the Kitchen expenses, loan’s EMI, rent and any other miscellaneous expenses. In the absence of the bread earner the family… Continue Reading
Traditionally Insurance has been sold by agents and almost 90% business was done by Individual agents. Agents were preferred because they were working in their natural market hence there was less chances of mis-selling and fraud. However, agency was not… Continue Reading
After the recent demise of a beloved celebrity Sushant Singh Rajput, the nation was left with a dawning realization on the importance of mental health. A lot of mental health activist have attempted to create awareness about mental illnesses, especially… Continue Reading
All Insurance is sold through various channels. Most common channel is Agent Channel and second popular channel is of Brokers who are also licensed by IRDA. Difference Between Insurance Agent and Insurance Brokers Agents represent Insurer and work as per… Continue Reading
Many people opt to become Insurance Agents – which is a full time profession. They are supposed to solicit Insurance by meeting prospects and convincing them to buy insurance. Really wonder, how many of us really try to understand the… Continue Reading