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
Several people often wonder what to do with regard to protecting themselves from any instances of fraud. Most people wish to take decisions based on solid information but often remain anxious about whether they have to learn and absorb several… Continue Reading
Raising medical insurance claims is sometimes a difficult process for those who haven’t followed some basic steps in the first place. Here are some best practices worth following while raising medical insurance claims: Be mindful of sub-limits for claims: You… Continue Reading
Raising a life insurance claim is definitely something that you should be well versed with, particularly when it comes to unforeseen situations. Here are some of the things that you have to be careful about whenever you are raising any… Continue Reading
Many times claims for life insurance policies can also get rejected that can cause your family great trouble in times of emotional crisis. Incidents of accidents and natural disasters have made people realize the need for a life insurance policy.… Continue Reading