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The government of India has finally launched a nuclear insurance pool to the tune of Rs. 1500 crore which is a mandatory requirement under the Civil Liability for Nuclear Damage Act (CLND)-2010. Liability to mitigate nuclear risk was the biggest concern of the suppliers. In the absence of the nuclear insurance pool, several projects such … Read more
Accidents can occur with anyone and at any time, so it’s better to stay prepared against such uncertainties. According to The Ministry of Road, Transport, and Highways, 1.5 Lakh people lost their lives in road accidents in the year 2018. It counts to the death of 17 people every hour due to road accidents. As … Read more
One of my relatives bought a health insurance policy for his father. At the time of filing the proposal form, he marked the absence of any ‘Pre-Existing’ condition, as his father did not have any illness or condition at the time when he bought the policy. After a period of 2 years of buying the … Read more
In the Insurance industry like any other industry, there are customers and investors who are not satisfied with the policy of the companies offering the policies. The Insurance Ombudsman is a scheme of the government to address those complaints of the policyholders for effective and efficient settlement of the problems out of the courtroom and … Read more
The increasing number of health-related issues due to our current lifestyle and the environmental condition has shifted the perception of health insurance from a luxury product to a necessity. Now people are more aware of the benefits of a Compare health insurance policy which was earlier considered as a very less fruitful product. A health … Read more
Health insurance has become the need of the hour. But not many people in India will agree to this and question-’Why?’, instead. There are not one or two, but many reasons why one should own health insurance plans in India. The major one being the skyrocketing cost of health care treatments, in this article we will know about … Read more
As per IRDAI annual report, the latest claim settlement ratio of Tata AIA Life Insurance is 99.06% for the Financial Year 2019-20. Tata AIA is one of the best insurance company and last few years Tata AIA did really good and always make place top 5 best insurance company in term of CSR. IRDA recently … Read more
Life Insurance policies are a popular way to invest and receive tax benefits. Life insurance also provides financial security for those unexpected ups and downs in life. The life insurance company pools in the premium ofthousands of people and disburse a lump sum if there is a death amongst those who are covered by a … Read more
Due to the busy life, lots of responsibilities and high rate of competition in the current era, many important things can slip from your mind. And the late realization of the things which you have forgotten makes you aware of the losses which you have incurred. The same goes for your insurance policy. Many people … Read more
Suma Rajendran (name changed) is a 52-year-old school principal who has an existing health insurance policy that she has held over the last four years. The sum insured is Rs 2.5 lakhs, and this policy has a cumulative bonus of Rs 50,000. She felt it was more beneficial to port this policy to a fresh … Read more