The principle of insurable interest is one of the essential elements of insurance. It can be defined as the substantial emotional, financial, or pecuniary interest in the subject matter of the insurance contract. It means the party stands to gain… Continue Reading
A child is the most precious person in a parent’s life. The parents make a lot of effort to provide the best for their children. The arrival of a new born baby is an extremely precious moment for them. When… Continue Reading
Diwali is known to be the festival of lights and fun. It is the time of the year when we spend the most precious time with our loved ones. We celebrate Diwali by exchanging gifts, buying new clothes, eating sweets,… Continue Reading
Mis-selling in insurance is a big problem faced in the insurance industry. Hundreds of people fall into the trap set by the callers who claim to be an employee of insurance companies/ government. They will try to misrepresent the facts… Continue Reading
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), first mentioned in the 2015 Budget Speech of then-Finance Minister Arun Jaitley, was launched by our Hon’ble Prime Minister Narendra Modi on May 9, 2015. It is a life insurance scheme that aims… Continue Reading
Cancer is considered to be the deadliest disease in the entire world. As per World Health Organization (WHO), nearly 10 million people died of cancer. WHO also stated that around one-third of cancer deaths are due to tobacco consumption, high… Continue Reading
No claim bonus (NCB) in health insurance is a reward given by insurers for not raising a claim. It is a type of incentive that the insurance provider offer for staying healthy. The health insurance provider will offer you a… Continue Reading
The insurance ombudsman aims to resolve insurance-related grievances of unhappy and aggrieved policyholders. It resolves grievances outside of the courts in a cost-effective and efficient way. Customers of life, health, and general insurance can approach the insurance ombudsman as per… Continue Reading
Indian Cricketer Shreyas Iyer missed the 14th edition of the Indian Premium League (IPL) 2021 tournament due to an injury to his left shoulder while playing one of the one-day internationals. Shreyas Iyer was trying to save the boundary and… Continue Reading
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