The Supreme Court’s new ruling has declared that insurance companies will no longer be able to reject claims made by customers only on the basis of delayed filing. This is a welcome development for customers, especially those who have car… Continue Reading
Many of us purchase insurance with the expectation that claims will be paid out and feel really bad whenever this does not take place in the manner we expected. In an ideal scenario, insurance companies would neatly delineate all the… Continue Reading
Most insurance policy holders get trapped easily with letters which have logos and signatures that seem authentic and official as per reports. In case you get a letter straight from the Union Finance Ministry which directs you to pay taxes in order… Continue Reading
A majority of complaints received in the life insurance category by the insurance ombudsman pertain to mis-selling of insurance policies via several intermediaries. However, in the non-life insurance segment, a majority of complaints pertain to rejection of health insurance claims on pre-existing… Continue Reading
Suppose someone you perceive as very close to you suddenly breaks your trust? This betrayal is something horrid and to even think of it is hugely upsetting. It is even worse in case such a betrayal leads to you incurring… Continue Reading
Insurance related fraud is a problem that is rearing its head in India and the number of instances is only going up regularly. The commonest way of deceiving people is when scamsters pretend to be representatives from the IRDA. These… Continue Reading
To say that cyber crimes today are on the rise would be an understatement. It has, in fact, permeated our lives in such a way that the slightest slack on our part when it comes to maintaining the privacy of… Continue Reading
The Government is taking into account a time limit for insurance claim filing in case of road accidents for making the compensation procedure swifter and more efficient. The General Insurance Council which is an association of 30 insurance companies, has… Continue Reading
The Union Finance Minister Arun Jaitley has confirmed that the Central Government will now be enhancing its contribution to the NPS (National Pension System). The Government will contribute 14% for central government employees in the NPS while making the whole… Continue Reading
Key promise of Insurance Policy is paying Insurance claim in case of occurrence of insured event. Life Insurance is bought for the dependents who were financially dependent on the insured person. It is said that financial loss can be compensated but emotional… Continue Reading