Those who are customers can take recourse to the insurance ombudsman whenever their grievances are not taken care of by the insurance companies in spite of getting complaints escalated directly to the senior management. The orders passed by the insurance… Continue Reading
According to industry experts, Term Insurance is the best form of financial protection, but a survey in Indian cities has revealed that most Indians are either not aware of it, or refuse to buy the correct amount which will give… Continue Reading
A Life Insurance Policy is meant to secure the future of the family in the absence of the principal breadwinner but there are certain procedures that the family members have to go through so that they can claim the money… Continue Reading
A Life Insurance is a type of insurance that the person insured gets to protect the interest of the family in case of his sudden death. There are many types of Life Insurance policies available in India today and for… Continue Reading
According to the annual report at the Insurance Regulatory and Development Authority of India or IRDAI covering 2017-18 or FY2018, customer grievances in life insurance increased by a sizable 28% (year-on-year). Additionally, total complaints increased to a considerable 1,54,367 in… Continue Reading
an easy process if the nominee is related to the life insured in some way. Hence, there are no legal hurdles while naming the spouse, parents or children, as nominees for such policies and the insurance company will also grant… Continue Reading
The IRDAI (Insurance Regulatory and Development Authority of India) has officially released its regulations pertaining to grievance redressal and customer complaints in case of insurance companies in the country. Any complaint or grievance has been classified as communication which clearly… Continue Reading
Each and every customer who has a grievance may not find it possible to keep fighting for his/her rights. The consumer forums can only redress grievances of those who are approaching them in a timely manner. Until and unless there… Continue Reading
There are many instances where people have to keep following up on their insurance companies for settling medical insurance claims in case they get admitted in hospitals which are not in the PPN (preferred provider network) or PPN list. Insurance… Continue Reading
Is your insurance agent cheating you? This is one of the biggest anxieties that plague Indians in recent times. Insurance agents nowadays are making use of several traps in order to lure potential investors. You should be able to see… Continue Reading