Whole Life Insurance and Term Insurance: What’s the difference?
Almost every family-inclined person feels like it is their responsibility to protect their family from the vagaries of fate. However, there is no way to ensure that your family will…
IRDAI mandates Insurers to cover Gram Panchayats
The Insurance Regulatory and Development Authority of India (IRDAI) has directed life and general insurance companies to extend cover to certain identified Gram Panchayats. This has been made mandatory under…
The Complete Guide to Obtaining Your Insurance Surveyor License in India (2024)
As we all know our future remains uncertain and it is hard to determine what will happen in the future. Many times, disasters hit, people lose lives, and suffer massive…
How Insurance Companies Detect and Prevent Fraudulent Claims?
Insurance claim fraud is the illegal act of misleading and exploiting a company or an individual holding an insurance contract. For instance, a policy seller might sell somebody a policy…
How many types of Insurance exist in India?
In today’s fast-paced lifestyle, insurance emerges as the most preferred way of keeping life elements particularly in regard to finance. Be it any expensive item like car, mobile phone, home,…
A Guide to Digital Insurance – Meaning, Types and Differences
Digital transformation is being seen across multiple industries such as healthcare, manufacturing, transportation, and finance. The insurance sector has also adapted to new changes. As customers demand better service and…
Facts About the Insurance Industry
The insurance industry of India is one of the premium sectors that is experiencing upward growth. This means growth in income and awareness, currently, India is the 5th largest life…
Insurance Ombudsman: Single Platform for Your Insurance Problems
The Insurance Ombudsman scheme was created by the IRDAI for individuals who have complaints regarding insurance intermediaries and insurance brokers. The ombudsman helps people to resolve their complaints in a…
How to File a Complaint to the IRDAI Ombudsman?
IRDAI The insurance industry is growing every year but the cases of policy rejection are also increasing during the claim process. To resolve customer grievances the Insurance Regulatory Authority of…