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
Agriculture in India are frequently affected by natural calamities such as droughts, floods, cyclones, storms, landslides and earthquakes. These severely affect farmers through loss in production and farm income, and they are beyond the control of the farmers. Crop (Agriculture)… Continue Reading
Proposal form is the basis of the Insurance contact between the Insurer and the insured. The details filled in the insurance proposal form is critical for the company to accept or reject the policy. When anyone applies for an insurance… 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 – Protection of… Continue Reading
Ashok had a problem with his Life Insurance as multiple policies were sold to him whereas he asked for one policy only. After along correspondence with Insurer, they refused to comply and sent a refusal letter. Within 30 days, Ashok… Continue Reading