(Representative image) NEW DELHI: Travelling abroad is expensive. A medical emergency or loss of baggage only add to costs. A family travel insurance policy thus covers these risks at a nominal price. It is mandatory to buy such a policy while visiting…
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Insurance Claims Proposed To Be Settled In Instalments In Personal Accident And Health Plans
The process of insurance claim settlement is set to see a rejig as the insurance regulator IRDAI is proposing to enable insurers to pay the claim in instalments as against the only option of lump sum payment in both the…
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Get your insurance claims in instalments soon
If you have a personal accident or any other benefit-basedhealth insurance policy, you may soon get the option of receiving claims in instalments, according to recent draft guidelines released by the Insurance Regulatory and Development Authority of India (Irdai). The…
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Relief for motorists; no change in third-party insurance premium rates
In other words, insurers shall continue to charge the rates currently being charged for Motor Third Party Liability lnsurance Cover from April 1, 2019, until further orders,” Irdai said it its order. There will be no change in the annual…
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Five things to keep in mind while buying a health insurance plan
Choosing the right health plan for you from the plethora of health insurance options available today is not easy. The rise in healthcare costs has made this product an essential buy. You must make an informed decision while selecting your health…
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How to cancel an insurance policy during free-look period and get a refund
The law allows 15 days as free-look period from the date of receipt of the policy document to the policyholder. The policyholder is allowed to cancel the policy during this period and get a refund Types of policies Free-look period is available only…
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