Timely Notification:You need to inform the insurer promptly when something happens that could lead to a claim. This starts the claims process quickly, allowing the insurer to investigate promptly. It's like raising your hand to get the ball rolling. Coverage...
Assess your needs:Understand what kind of insurance coverage you require based on your specific circumstances and priorities. Consider factors such as your age, health, assets, and financial obligations. Research and compare:ake the time to research different insurance providers and policies....
Cybersecurity Threats:Technology advances may result in more sophisticated cyber-attacks, posing risks to customer data, privacy, and interconnected systems stability. Technological Disruptions:New technologies, such as artificial intelligence, autonomous vehicles, and blockchain, can introduce new liability concerns, ethical considerations, and data misuse...
Coverage Denial: The insurance company may deny coverage or void your policy if it is discovered that you intentionally withheld important information. This means that if you experience a loss or make a claim, the insurer may refuse to provide...
TRANSPARENT PROPOSALS : Complete and precise details are crucial in the insurance proposal form. By openly disclosing all information, you empower the insurance company to assess risks accurately, preventing future misunderstandings or disputes. INCOMPLETE OR INCORRECT INFORMATION:Ensure that all required...
Coverage for Ayush Treatments : Ayurveda, Yoga, Unani, Siddha, and Homeopathy (Ayush) treatments are now covered if you meet the conditions. Five-Year Moratorium Period:After five years of continuous coverage, insurers can't reject claims for non-disclosure or misrepresentation, except in cases...
Imagine your cozy flat or serene villa, a peaceful retreat from life's chaos. Now, envision the vibrant community spaces where neighbors gather for laughter and shared moments. But, unforeseen incidents, including those involving lifts, can disrupt this tranquility. From fires...
DECODING HOSPITAL BILLS : THE ROLE OF INSURANCE Are you aware that hospital bills can vary depending on whether you pay directly or through insurance? Let' s dive into why insurance matters. SURPRISE BILLS : THE GURGAON STORY In Gurgaon,...
Health insurance companies in the country have started providing 100 percent cashless treatment on the instructions of IRDAI, the insurance regulatory authority. This decision to implement a cash-free treatment system is beneficial to the policyholders. It is also a means...
ACCIDENT INSURANCE Insurance policies available today cover approximately 50 types of perils and 25 types of risks. Accidents can never be predicted by knowing for whom, when, or how they will occur. These accidents include road accidents, natural disasters, falls,...