About Insurance policy: #Insurance #motorInsurance #lifeinsurance

#Insurance #motorInsurance #lifeinsurance


1.Where can the Consumer check details about the Insurance Company and look for more data?
A: http://www.policyholder.gov.in/   
                Provides complete information for consumer. This Site is by IRDA (Insurance Regulatory and development Authority, INDIA)

2.After buying an insurance policy if Terms and condition is not acceptable, then what?
A: Policy can be cancelled within 15days of issuing Policy

3.What is excepted when dispute arises? What steps to be taken care?
A: Take Photocopy of the signed Insurance-form (Proposal Form). Have written proof communication (Via Mail or Reg: Post).
All the documented artifacts (evidence) only will help in achieving any Claim.





Distance Marketing
Insurance policies are sold over the phone or the internet as well as through bank ATMs and so on.
These other than face-to-face selling methods have their own peculiarities and drawbacks. IRDA has put out some guidelines to insurance companies in order to protect the interests of people who buy policies through such channels.

Portability of Health Insurance
                Conditions
You can port the policy only at the juncture of renewal. That is, the new insurance period will be with the new insurance company
Apart from the waiting period credit, all other terms of the new policy including the premium are at the discretion of the new insurance company
At least 45 days before your renewal is due you have to
Write to your old insurance company requesting a shift
Specify company to which you want to shift the policy
Renew your policy without a break (there is a 30 day grace period if porting is under process)
http://www.policyholder.gov.in/Portability_of_Health_Insurance.aspx




Note# 
May be or not: Premium for Insurance will go up from JAN 2014 since Service TAX is being added.



Source: Internet 






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