You can buy Critical Illness Insurance policy from a general insurance company or from a life insurance company. But from where to buy the Critical Illness Insurance Policy - General Insurer or Life Insurer? Lets find out. In India, you can buy a Critical Illness Policy as a … [Read more...] about From where to buy the Critical Illness policy – General Insurer or Life Insurer?
Top 3 Critical Illness Plans of Life Insurers on Coverage (2012)
1- ICICI Pru - Crisis Cover (a) Diseases Covered - 35 (b) Who can buy - Any person aged between 18 years to 60 years (c) Minimum Sum Insured -3 lakh (d) Maximum Sum Insured -20 lakh (e) Survival Period - N/A (f) Waiting Period - No (g) Policy Term … [Read more...] about Top 3 Critical Illness Plans of Life Insurers on Coverage (2012)
Top 5 Critical Illness Plans of General Insurers on Coverage (2012)
1- Star Health - Star Criticare Plus (a) Diseases Covered - 9 (b) Who can buy - Any person aged between 18 years to 65 years (c) Minimum Sum Insured -2 lakh (d) Maximum Sum Insured -10 lakh (e) Survival Period - 30 Days (f) Waiting Period - 90 … [Read more...] about Top 5 Critical Illness Plans of General Insurers on Coverage (2012)
Claim : Insurer can't reduce Sum Assured after charging higher premium
Once the premium for a certain assured sum has been charged by an insurance firm under a policy, the same can't be reduced later when a claim is made, a consumer forum here has held. The New Delhi District Consumer Disputes Redressal Forum gave its order on a complaint against … [Read more...] about Claim : Insurer can't reduce Sum Assured after charging higher premium
IRDA : Guidelines on Servicing of Orphan Policies
Insurance agents play a key role in conservation of insurance business by rendering valuable post sale service to policyholders. Whenever an agent discontinues his agency or is terminated by the Insurance Company, the policies secured by the agent are left behind orphaned. In … [Read more...] about IRDA : Guidelines on Servicing of Orphan Policies
A disease can be pre-existing only if it’s certified by doctor
There is always debate on the pre-existing diseases and how and when Pre-existing disease will be covered?, in health insurance. Now a District Consumer Disputes Redressal Forum gave a ruling that, "For medical insurance claim settlement, a disease cannot be said to be … [Read more...] about A disease can be pre-existing only if it’s certified by doctor
Magma HDI and Liberty Videocon have received R3 License
IRDA has issued R3 license to Magma HDI General Insurance and Liberty Videocon General Insurance. Magma HDI General Insurance is a joint venture between Magma Fincorp Limited and HDI-Gerling International Holding AG, Germany. Liberty Videocon General Insurance is a … [Read more...] about Magma HDI and Liberty Videocon have received R3 License
LIC's Jeevan Vaibhav Plan – Review
LIC Jeevan Vaibhav is a single premium payment plan which offers a guaranteed maturity amount plus Loyalty additions (if any) at the time of maturity. The insurance cover would be 5 times of the premium amount. Basic Features of LIC Jeevan Vaibhav 1- Person between age … [Read more...] about LIC's Jeevan Vaibhav Plan – Review
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?