Annuitant This is a person who receives, or is entitled to, an annuity. Annuity This is a fixed amount of money paid each year until a particular event (such as a death). It might be split into more than one payment, for example monthly payments. Annuity Rate This … [Read more...] about Pension Terms You Must Know
Miscellaneous
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?
How to File RTI Application about an Insurance Claim?
What is RTI and how it applies to Insurance Companies? Right to Information Act provides to every citizen of India right to ask information held by a Public Authority. The Central Right to information Act covers all Indian states except for the state the State of Jammu and … [Read more...] about How to File RTI Application about an Insurance Claim?
IRDA Study : One out of every four people don't think that life insurance is important
One out of every four people do not think that life insurance is important, reveals an IRDA sponsored study. Salient Points of Study 1. The study also suggested that private sector and the government should work together in Public-Private Partnership (PPP) mode to enhance … [Read more...] about IRDA Study : One out of every four people don't think that life insurance is important
All about Million Dollar Round Table (MDRT)
What is Million Dollar Round Table (MDRT)? Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an international, independent association of nearly 36,000 of the world's leading life insurance and financial services professionals from more … [Read more...] about All about Million Dollar Round Table (MDRT)
IRDA – Claims can't be rejected for paperwork delay
The Insurance Regulatory and Development Authority (IRDA) via new circular (IRDA/HLTH/MISC/CIR/216/09/2011) directed, all life and non-life insurance companies, not to reject policyholders' claims due to any delay in submission of documents while filing a claim if the delay is … [Read more...] about IRDA – Claims can't be rejected for paperwork delay
IRDA modifies persistency norms for Life Insurance Agents
Insurance regulator IRDA had released modifications to earlier released persistency norms (11th February, 2011) for life insurance agents. New modifications has been issued keeping in view the objective of ensuring higher levels of persistency of life insurance policies as also … [Read more...] about IRDA modifies persistency norms for Life Insurance Agents