Insurance Exclusions Explained in Simple Language
When people buy insurance, they usually focus on what the policy covers. However, understanding what the policy does not cover is equally important. These limitations are known…
-
-
Why Reading Your Insurance Policy Matters
An insurance policy is more than a document confirming that you have insurance. It contains the terms, conditions, benefits, exclusions, limits, and responsibilities that determine how the…
-
Understanding the Insurance Free-Look Period
Buying an insurance policy is an important financial decision. Sometimes, after receiving the policy document, a policyholder may discover terms, conditions, exclusions, or benefits that were not…
-
Your Rights as an Insurance Policyholder
Buying an insurance policy creates a contractual relationship between the policyholder and the insurance company. Along with the responsibilities mentioned in the policy, policyholders also have certain…
-
Misleading Sales Practices in Insurance
Insurance is designed to provide financial protection against unexpected risks. However, misleading sales practices can sometimes create confusion when a policy is presented differently from its actual…
-
Insurance Ombudsman: Everything You Need to Know
The Insurance Ombudsman is an important grievance redressal mechanism in India for eligible disputes between policyholders and insurance companies, insurance brokers, agents, and intermediaries. It provides an…
-
Insurance Complaint Process in India: An Overview
Insurance policies are designed to provide financial protection, but disagreements can sometimes arise between policyholders and insurance companies. Complaints may relate to claim rejection, claim delays, partial…
-
Difference Between Claim Rejection and Short Settlement
Insurance claims can end in different ways depending on the policy terms, circumstances of the loss, and assessment carried out by the insurer. Two terms that are…
-
IRDAI Guidelines on Claim Rejection
Insurance claim rejection can be a major concern for policyholders, particularly when they believe that their loss should be covered under the policy. In India, the Insurance…
-
FD Converted into Insurance Policy Without Consent
FD Converted into Insurance Policy Without Consent: What Customers Should Know A Fixed Deposit (FD) is commonly used by customers who want to save money for a…