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
Emergencies do not see any time or day but when it comes to claiming your medical benefits from your insurance agent, it is no less than the onset of another medical incidence. Take the case of Delhi based Mohan Poddar,… Continue Reading
As per several studies and reports, a whopping 43% of added time is spent by citizens in India for tackling the overall effect of online frauds and crimes as compared to their counterparts worldwide. This revelation throws up the state… Continue Reading
Thousands of people unknowingly fall prey to fake insurance frauds/calls in India with dire consequences later. These callers manage to tap into the minds of people with so-called attractive offers and plans that are too good to be true and… Continue Reading
The Supreme Court has observed that any future prospect of an individual who is killed in any road accident will be taken into account while compensation is being awarded to his/her dependents. The standard criteria has been laid down for this purpose… Continue Reading
When it comes to insurance portability, it was formulated by the IRDAI (Insurance Regulatory and Development Authority of India) as a convenient mechanism for people who were not happy with their present health insurance plans and companies. Health insurance portability… Continue Reading
As per several reports and studies that tracked complaints received by the insurance ombudsman in the life category, mis-selling of insurance policies accounts for the majority of complaints. In the non-life segment, however rejections of claims on pre-existing ailment grounds forms the… Continue Reading
GIPSA (General Insurance Public Sector Association) has far-reaching implications for health insurance policyholders, as can be seen from several latest developments concerning the same. GIPSA is basically a group made up of four top public sector insurance companies, namely Oriental Insurance Company,… Continue Reading