Shailesh Kumar, co-founder and insurance head at Insurance Samadhan in an exclusive interaction with Money9 decodes mis-selling of insurance policies.
The premium for NCB protection cover ranges from around 5% to 10% of the premium cost of the car insurance policy
The family has sought direction to the insurance firm to reimburse the hospital bill amount, or the hospital be asked to return the treatment costs.
According to the new rules, driving without a valid insurance may attract a fine of Rs 2,000 or imprisonment for 3 months or both
HDFC Life Insurance has set up an additional reserve of Rs 700 crore to service the claims intimations expected to be received.
Maternity Insurance: The certainty of a claim being filed is absolute, hence, the insurers levy a higher premium on these policies.
Irrespective of price revision, it makes sense to protect yourself before the Covid-19 risk knocks on your door
Beneficial nominees are the final and undisputed beneficiaries of the insurance benefits unlike regular nominees
The claims settlement ratio signifies the percentage of settled claims by the insurer out of the total claims received
Complete disclosure of one's medical history is a must because any discrepancy or non-disclosure will lead you nowhere in the porting process