You might have come across many websites which are comparing the insurance plans premiums and collecting data about the interested person through their online portals. These sites are called Web Aggregators. тАЬWeb AggregatorтАЭ тАУ For the purpose of these guidelines, a web aggregator is a Company registered under Companies Act, 1956 (1 of 1956), approved […]
Imagine your car was involved in an accident and you claim for total loss under your motor insurance. You claim Rs 1 lakh but your general insurance company says you are eligible only to get Rs 75,000 due to some deductibles. Instead of wasting time over arguing over the amount, you decide to accept Rs […]
After the gazette notification issued by Insurance Regulatory and Development Authority of India (IRDAI) on 14/10/2015 for annuity plans offered by Life Insurers, LIC of India may soon withdraw or relaunch (with modifications) its Immediate Annuity Plan Jeevan Akshay VI. The Authority may issue separate instructions for withdrawing the products which are not in┬аcompliance with […]
Insurance Regulatory and Development Authority of India (IRDAI) has issued a warning by its letter dated 21/08/2015 to Star Health for giving advertisement in Economic Times Mumbai edition, claiming itself number one, which was against the rule of IRDAI.