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
Health insurance in India has evolved with the years and there are now several kinds of health insurance plans and other initiatives that benefit customers immensely. One of these evolutionary initiatives is health insurance portability. IRDAI (Insurance Regulatory and Development… Continue Reading
Insurance claims are known to be a troublesome and difficult process. It is also very common for the insurance companies to deny the insurer’s claims. Have you ever known anybody to compensate for a mosquito bite? Sounds a bit strange but… Continue Reading
The NCDRC (National Consumer Disputes Redressal Commission) has pulled up insurance companies for keeping terms and conditions unclear in case of murder while directing the company in the instant case to stop this unfair trade practice in case of murder immediately. The Commission has stated that… Continue Reading
There is a 9-member board which has been entrusted with the supervision and administration of the Insurance coverage Ombudsman’s job. Out of these 9 people, 7 members are Insurance coverage corporation representatives. This indicates that a highly powerful role is… Continue Reading
You will be amazed to know that individuals who purchase health insurance are the worst off in our country, particularly if they have purchased their insurance plans from stand-alone private insurers. They face huge problems in getting payments from these… Continue Reading
According to IRDAI data, an amount of as much as Rs. 15,167 crore of policyholders is lying unclaimed with 23 life insurers. Insurers have already been instructed to take necessary steps so as to identify the policyholders or beneficiaries and… Continue Reading
We meet many Senior Citizen who have been sold Life Insurance and regret that they have bought Life Insurance which is not needed by them I often wonder why should they buy life insurance and tried to list the reasons:… Continue Reading
50-year old Anurag was plagued by worries pertaining to his retirement. Pandey, an insurance agent, was met by him for knowing about available retirement solutions. Pandey offered a presentation on the possible retirement plans with their benefits. Some of these… Continue Reading