Consumer Awareness

1. What are riders in life insurance? Riders in life insurance are optional provisions or add-ons that policyholders can attach to their base life insurance policies to enhance coverage or…

1. What is the primary difference between LIC and other private life insurers? The primary difference between LIC (Life Insurance Corporation of India) and other private life insurers is the…

1. What factors influence life insurance premiums? Life insurance premiums are affected by various factors including age, health condition, lifestyle habits, occupation, coverage amount, policy type, and even the insurer's…

Here are 10 FAQs on Fire insurance in India:   Q1. What is fire insurance? Fire insurance is a type of property insurance that protects against financial losses arising from…

IRDAI has launched the Integrated Grievance Management System (IGMS) in the year 2010.  Apart from creating a central repository of industry-wide insurance grievance data, IGMS is a grievance redress monitoring tool for…

Office Details Jurisdiction of Office Union Territory,District) Date Of Taking Charge AHMEDABAD - Shri. / Smt. Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, Ahmedabad – 380 001. Tel.:…

If you are an Individual you can file a complaint against Insurance Company in case they reject the claim or made partial payment to Insurance Ombudsman The Insurance Ombudsman scheme…

Formalities for a death claim When a person with a life insurance policy – called a life assured – dies, a claim intimation should be sent to the insurance company…

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani for  seeking clarity on the role of third -party administrators (TPAs)at the time of  settling…

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating Rs.533 in 1990. In this case, a policy holder had deposited Rs.533 with the cashier towards…