You may not face an abrupt increase in your annual health insurance premiums as the insurance regulator has barred insurers from modifying existing benefits or adding new benefits to existing health insurance plans. New features can be offered by insurers as an add-on covers or optional covers with a standalone premium rate to ensure an […]
Author Archives: Team Moneymonc
02
Mar
Mar
You will soon get regular updates and periodical notifications about the important details regarding your policy from the insurance company. To ensure continuity in the relationship with policyholders and information flow, the insurance regulator IRDAI has asked insurers to periodically notify the policyholders certain relevant and key details relating to health insurance coverage available to […]
27
Feb
Feb
The insurance regulator IRDAI has made it mandatory for every general insurer to offer a standardised personal accident policy by 1 April, 2021. The policy will be named Saral Suraksha Bima, succeeded by the name of the insurance company. It will be offered annually or (for a tenure of one year). “With the objective of having a […]
Life Insurance, News & Analysis
LIC sees 72% rise in consumer complaints; private players report decline
24
Feb
Feb
The country’s largest life insurer, Life Insurance Corporation of India (LIC) has been seeing a steady rise in the number of policyholder’s complaints over the last few years. This comes even as the private life insurance industry has seen a drop in complaints, according to the consumer affairs booklet released by the Insurance Regulatory and […]
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