Life insurance is meant to offer a financial safeguard for your loved ones in case of your unfortunate demise or any mishap in the unforeseen future. However, you should know that in case of rejection of the insurance claim, the… Continue Reading
Too many people are falling prey to fraudulent companies and callers who are luring them into investing in supposedly attractive insurance plans and schemes, often taking the name of well-known insurers and duping them of their hard-earned money. This menace… Continue Reading
Loan against insurance is a market segment where several schemes and products are offered by banks and other financial institutions. It is unfortunate that several customers have been falling prey to frauds even in this segment. Loan against insurance policies… Continue Reading
Insurance Regulatory and Development Authority of India (IRDAI) has come up with much-needed and customer-friendly modifications for insurance pension based offerings in the market. The assured death benefit that is payable upon vesting and death will be clearly defined now… Continue Reading
Mis-selling of insurance policies is something that has become very rampant in today’s times. What most people do whenever any such topic enters the conversation, is to put the blame on the shoulders of the seller. However, while this is… Continue Reading
As per the latest reports, the Central Government is in discussions with the Reserve Bank of India (RBI) for curbing mis-selling of insurance plans by Indian banks. The Government has decided to intervene after the receipt of many complaints from… Continue Reading
Insurance companies in the country are often seen to completely bypass the judgments passed by ombudsmen with regard to resolving policyholders’ complaints and grievances. As per the regulations of the insurance ombudsman, insurance companies have to compulsorily adhere to the… Continue Reading
Most people usually complain with regard to the total disregard and casualness shown by employees of their insurance companies with regard to nominees of people who had purchased insurance policies from these organizations. They also refuse to clear any claims,… Continue Reading
IRDAI has come up with multiple guidelines for checking the problem of mis-selling of life insurance plans in the sector. Several efforts have been taken by the regulator to lower such cases of mis-selling in the life insurance segment. 7… Continue Reading
The claim ratio data from IRDAI of top 10 insurance companies is definitely something worth knowing about since it will help you take a good decision before signing on the dotted line. After all, the claim ratio has to be… Continue Reading