A significant judgment reinforcing policyholder rights in insurance contracts In a significant ruling that strengthens the rights of policyholders, the Jammu & Kashmir and Ladakh High Court has held that an insurance company cannot rely on a concealed or inadequately disclosed exclusion clause to reject a genuine insurance claim. The judgment reiterates a fundamental principle…
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…
When a fire incident occurs, the first and most important step is to immediately inform your insurance company. Delays can complicate the process or even impact the outcome of your claim. Provide your policy number, a brief description of the incident, and an initial estimate of the loss. Always follow up your phone call with…
IRDAI mis-selling regulations in India aim to prevent misleading insurance sales and protect customers. Learn how these rules may impact policyholders and insurers. IRDAI Mis-Selling Regulations in India — A Consumer Protection Push The IRDAI mis-selling regulations in India are being strengthened to reduce misleading insurance sales and protect policyholders from financial loss. Mis-selling occurs…
Confused about choosing between Bharat Griha Raksha, Sookshma Udyam, and Laghu Udyam policies? This in-depth comparison explains who should buy these policies, their coverage, exclusions, and benefits to help you make an informed decision. Understanding These Three Policies 🏡🏭🏢 Insurance plays a crucial role in protecting homes and businesses from fire, natural disasters, theft, and…
What Is Insurance Excess? Insurance excess is the amount you must pay out of pocket before your insurer covers the remaining claim. It helps discourage small claims and keeps premiums economical. Definition Term Meaning Insurance Excess / Deductible The portion of every claim paid by the policyholder before the insurer contributes. Types of Excess Type…
Discover the latest insights on Indian General Insurance Growth as the sector is projected to expand nearly 13% in FY26. Explore key drivers, market trends, challenges, and industry shifts in this detailed report. Indian General Insurance Growth Reaches a New High The Indian general insurance sector is entering a transformative phase, powered by rising awareness,…
Stay updated with the latest insurance news in India as the sector undergoes major reforms, including 100 percent FDI proposals, the launch of Bima Sugam, rising cyber threats, market growth trends, and new consumer-friendly court rulings. Read this detailed, easy-to-understand analysis to stay ahead. Latest Insurance News in India: What’s Changing and Why It Matters…