Now and than you hear fraud news on insurance policies. It has impact on both insurers and policyholders. Lets check out - how to find out fake insurance policy - 1- Buy directly from the Insurance Company When no intermediate in between and you buy directly from the … [Read more...] about How to Check whether your Insurance Policy is Fake or not?
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How to Pay Insurance Premium via Mobile?
You can pay your insurance premium anytime and from anywhere, just using your mobile phone and credit/debit card. Let's check out available mobile options - 1- Mobile Website - Some insurers has come up with mobile websites/applications for renewal of their insurance policies … [Read more...] about How to Pay Insurance Premium via Mobile?
How to file an Insurance Claim Complaint to Consumer Court?
If within 2 years of buying the product and services, you are not happy with the services of the insurance company and already lodge a complaint to Insurer and IRDA and if you do not get a satisfactory response from IRDA or Insurance company or Insurance Ombudsmen, you may … [Read more...] about How to file an Insurance Claim Complaint to Consumer Court?
How to file a Complaint to Insurance Ombudsman?
If within 30 days of lodging the complaint with the IRDA, if you do not get a satisfactory response from IRDA or Insurance company and you may approach Insurance Ombudsmen. Important Points : Before filing complaint in Ombudsman 1- The Insurance Ombudsman will not accept your … [Read more...] about How to file a Complaint to Insurance Ombudsman?
How to file a Complaint to IRDA for an Insurance Claim?
If within 30 days of lodging the complaint with the insurance company, if you do not get a satisfactory response from insurance company then you may approach IRDA. Policyholder/Insured needs to send his/her complaints themselves or the claimants, otherwise the complaints will … [Read more...] about How to file a Complaint to IRDA for an Insurance Claim?
How to file an Appeal against Insurance Claim Denial?
If Your Insurance Claim is Denied, you can file an appeal against the insurance company, here is the procedure how you can do that - Initial Steps 1- First get written claim denials letter from insurance company. 2- Check your policy documents, whether the claim was … [Read more...] about How to file an Appeal against Insurance Claim Denial?
Mortgage Insurance or Term Insurance – Which one is best and cheapest?
Looking to buy a house and can't decide which insurance to go for a Mortgage Insurance or Term life insurance? Lets discuss both the above in details here - Mortgage Insurance or Loan Cover Term Insurance A Loan Cover Term Insurance or mortgage insurance is an insurance that … [Read more...] about Mortgage Insurance or Term Insurance – Which one is best and cheapest?
Does my insurance policy cover Terrorism?
Until 9/11, most standard insurance policies used to provide protection against the risk of terrorism automatically. However, after September 11, 2001, premiums for terrorism coverage have increased. In India, effective from 1st April 2002, terrorism was made a separate add-on … [Read more...] about Does my insurance policy cover Terrorism?
What is an “Endorsement”?
Insurance policies can be modified by using a term called endorsing a policy. A policy endorsement can be done to modify coverage’s, add or delete insured items from a policy and modifies a current policy without completely rewriting it. When an insurance policy is endorsed the … [Read more...] about What is an “Endorsement”?
What is 'Excess' or 'Deductible'?
What is an ‘Excess’? An excess is the amount of expenses that must be paid out of pocket before an insurer will cover any expenses, if you decide to claim on your policy. If you claim on your policy your insurance company will be paying you out, so basically it's a way of them … [Read more...] about What is 'Excess' or 'Deductible'?