Introduction to the Insurance Ombudsman Insurance Ombudsman plays a crucial role in the insurance industry, acting as an independent body that helps resolve disputes between policyholders and insurance companies. The primary objective of the Insurance Ombudsman is to provide a fair and impartial platform for policyholders to address their grievances in a timely manner. Roles…
ChatGTP: For those who’ve ventured into the world of AI-generated content, one truth remains undeniable: ChatGPT, while a marvel of technology, struggles when tasked with the art of writing. It’s not a well-kept secret. Anyone who’s ever asked ChatGPT or any AI writing tool to compose a blog post knows the result is often far…
Understand why insurance claims get delayed or rejected and how to avoid common mistakes. Learn about documentation, policy conditions, underinsurance and compliance. Insurance is meant to provide financial support when a loss occurs. However, many policyholders face delays — or worse — rejection of their claims. In most cases, this happens not because the claim…
Fire Insurance: Explore the comprehensive world of Fire Insurance and its formidable features designed for ultimate protection. Discover the positive power of safeguarding your assets with our in-depth guide on what Fire Insurance entails. Secure your peace of mind today! Introduction to Fire Insurance: Welcome to our comprehensive guide on fire insurance! We will explore…
What does the SFSP policy cover? This article breaks down the SFSP Policy Covered Perils—from fire and lightning to storms and explosions—so you know what’s protected and what’s not! The Standard Fire and Special Perils (SFSP) Policy provides protection for property and assets against fire and specific named risks. However, since it is a named…
Sum Insured in insurance explained simply. Learn how to calculate the right Sum Insured for buildings, machinery, FFF and stock. Includes free calculator—don’t forget to use it. What is Sum Insured in Insurance? The Sum Insured represents the maximum amount an insurance company will pay if a covered loss occurs. In business insurance policies such…
In a significant move to address the growing cases of mental health issues, the Insurance Regulatory and Development Authority of India (IRDAI) has taken proactive steps to enhance mental health coverage in health insurance policies. In October 2022, IRDAI mandated all health insurance policies to cover mental illness, but the progress was slow. As a…
Explore the benefits of Marine Sales Turnover Policies (STOP) in simplifying transit insurance. Learn how it differs from Marine Open Policies, with insights on premiums, operational processes, and a practical example. Discover the advantages for your business and make informed decisions. Introduction: In the world of international trade, mitigating potential risks and financial losses is…
