Consumer Awareness

  1. What is a health insurance policy? A health insurance policy is a contract between an individual and an insurance company that provides financial coverage for medical expenses incurred…

  1. What is a top-up health insurance cover? A top-up health insurance cover is an additional health insurance policy that provides coverage for medical expenses beyond the sum insured…

1. What is an Insurance Ombudsman? An Insurance Ombudsman is an independent authority appointed by the government to address and resolve disputes between insurance policyholders and insurance companies in a…

1. What is a grievance redressal procedure in life insurance? A grievance redressal procedure in life insurance refers to the formal process established by insurance companies to address and resolve…

  1. What does grievance redressal in general insurance refer to? Grievance redressal in general insurance pertains to the process established by insurance companies to address and resolve complaints or…

1. What is the claim settlement process for general insurance? The claim settlement process for general insurance involves the steps followed by insurance companies to assess, validate, and settle claims…

1. What are the different plan options available in insurance? Insurance companies offer various plan options tailored to different needs and preferences, including term life insurance, whole life insurance, health…

  1. What factors should I consider when choosing a life insurance policy? When choosing a life insurance policy, it's essential to consider factors such as your financial goals, budget,…

1. What is medical underwriting in life insurance? Medical underwriting in life insurance is the process by which insurance companies assess an applicant's health status, medical history, and lifestyle habits…

  1. What are tax benefits in life insurance premiums? Tax benefits in life insurance premiums refer to the tax advantages offered by governments to encourage individuals to purchase life…