Insurance is a legal contract and Proposal Form is the basis of contract. Underwrites assess the risk by evaluating the facts given in the Proposal Forms which is supposedly filled in the hand writing of Proposer. Questions in Proposal Forms… Continue Reading
In InsuranceSamadhan.com’s A-Z Blog series on Insurance topics, we try to provide all vital information related to the Insurance sector and demystify certain myths related to the sector. In today’s blog, we are sharing detailed information regarding – Insurance Underwriting–… Continue Reading
Insurance Samadhan is regularly getting calls of the customers who have been sold insurance but by fraud. We would like to list down the types of major frauds that customers report to us: Types of Major Life Insurance Frauds in… Continue Reading
Ashok planned a family holiday to Europe. One of his associate recommended Travel Insurance which Ashok rejected on grounds that it is a 10 days trip only and all family is in good health. Daughter Ankita had a road accident… Continue Reading
What is a freelook period in Insurance Policy? Freelook period is a 15 days period given to the policyholder after he receives the policy document to read the contract and if he has any doubt or questions, he may ask… Continue Reading
Let us understand who is a nominee before we file the insurance claim under a policy. Nominee is the person appointed by the policyholder who will be the beneficiary in case of the death of the Life Insured. Generally, Nominee… Continue Reading
In InsuranceSamadhan.com’s A-Z Blog series on Insurance topics, we try to provide all vital information related to the Insurance sector and demystify certain myths related to the sector. In today’s blog, we are sharing detailed information regarding – Solvency Ratio… Continue Reading
These days we come across many stories where the customers are sold insurance not on the basis of the need but with promises of extra bonus, getting money stuck in old policies, a gold coin, free health insurance and OPD… Continue Reading
The Important function of an insurance organisation is settlement of claims promptly and fairly. Similarly, on the outbreak of fire, the insured must take such steps as are reasonable to extinguish the fire or to prevent it from spreading. What… Continue Reading
In our last two blogs, we have been covering protection of Policy Holder’ interest. We have covered all IRDA provisions for protection and why policy holders should feel safe. But still one area worries every one that is what will… Continue Reading