Losing a loved one to the eternal power is the most dreaded dream and a wretched reality we often try to escape from. Grieving over your loss is like the ocean, it sometimes comes in calming waves and sometimes like… Continue Reading
Visit your banker and soon they would lure you to buy a scheme which works like a fixed deposit but offers better tax-free returns. You sign on the dotted lines without realizing that you are buying insurance where you have… Continue Reading
Ramesh wanted to renew his FD and visited his bank. At the bank, he was sold a policy with promises of superior features than fixed deposit. Ramesh was sold with features as below: You will have a better return than… Continue Reading
Insurance Industry faces a major challenge of insurance mis selling. These mis selling are of two types: Types of Insurance Mis-selling Insurance not matching with the needs of customer Insurance being sold on exaggerated promises There are various reasons of… Continue Reading
There is nothing like free insurance!! Often we fell trap of freebees. A phone call suggested that if you buy Life Insurance they will provide free health insurance. This cannot be true. There can be two scenarios: They add a… Continue Reading
Have you been asked by your agent to surrender your existing policy to buy a new better product?? Be cautious The aim may be to earn an extra first-year commission which is higher than the renewal commission. When your agent… Continue Reading
Extra money always excites us! Each of us have received calls promising insurance products which offers extra bonus and huge returns. Don’t fall trap of such calls Insurance products can never offer high returns. If you are aiming high returns,… Continue Reading
Insurance claims are of two kinds – Maturity claim and Death claim. Maturity claims are relatively simple to catch, as the Insurance Company does not have any uncertainty of fraud. All they do is check if all the premiums are… Continue Reading
Often apprehensions nurtured on the returns proposed by Insurance policies opens me to the rational world of thought, I often ponder on how to make a common man understand the crucial importance of a life document called Insurance policy Securing… Continue Reading
Not many are aware of the fact that the Insurance Regulatory and Development Authority of India (IRDAI) has a mechanism that enables policyholders to register their insurance complaints against the companies concerned. The following are steps involved if you want to have… Continue Reading