A nominee/beneficiary of a Life insurance policy is the one who is assigned by the policyholder to receive the claim amount after their death. To receive these proceeds, the insurance companies have formulated a claim settlement process. If you’re grieving a loved one’s death,… Continue Reading
Insurance Company often wonder that why many public report mis-selling and fraud through tele calling. Questions are always asked on authenticity of such complaints. It looks unbelievable that common people can fall to such basic insurance fraud tele calling without using… Continue Reading
Know how a Telecaller do Insurance Fraud through Calling It was in afternoon when Ashok received a Phone call. Caller Pooja: “Ashok Sir , would you be interested in an interest free loan of Rs 5 lakh .” Ashok: “Why… Continue Reading
Let’s Know how to File Claim in Multiple Health Policies Most working individuals are covered by their organisation and may also have their personal health insurance Also, at time, your spouse company may also have provided you with the health insurance… Continue Reading
As the hospitals are filing up and the number of cases growing each day, the government is making provisions to provide temporary hospitals by covering large spaces available to offer treatment to the patients. This is a new situation for… Continue Reading
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