The Apex Consumer Commission has asked Life Insurance Corporation of India to pay Rs. 5,00,000/- to the wife of a deceased diabetes patient and made clear that insurance claims cannot be denied on the ground of common lifestyle diseases such as diabetes or hypertension but that does not give right […]
National Commission ruled out while hearing an appeal filled by the insurance company challenging the decision of murder not to be treated as accident, stating that an insurance company cannot deny claim in case of murder of a person insured for accidental death unless such crimes are excepted in the policy. […]
‘Why should I keep paying for a product that does not give anything in return?’ is a common question that people ask insurance advisors. Not everyone can appreciate the fact that one pays a premium because there is a guarantee that if something untoward happens to him or her, their […]
Why do you need a Top up Medical Insurance Plan? You have not yet taken any health insurance policy.You do have a basic/regular medical insurance policy with, say, X company but this company does not provide a top up cover.You have a medical insurance policy but the sum assured is […]
Filing of Commercial Vehicle Insurance Claim Claims
The increasing number of accidents and incidents of vehicle thefts has made it essential for policyholders to know how to file vehicle-insurance claims. When the accident happens, call your insurance company representative as soon as possible—even
Before reading the inclusions, exclusions and addons that you should focus on before buying a commercial car insurance policy, understand the below terminologies that will help you to understand the process easily.
Difficult Terminologies Explained
Legal liability (as applicable to commercial vehicles
Most of the food we eat is turned into glucose, or sugar, for our bodies to use for energy. The pancreas makes a hormone called insulin to help glucose get into the cells of our bodies. When you have diabetes, your body either doesn’t
International Travel Insurance is important to cover the medical emergencies or financial exigencies that might happen when you travel overseas. You need to read the finer print of these policies and know what all is included and what all is not so that you
Pre-existing medical conditions
Older travellers are more likely to have a pre-existing medical condition (such as hypertension) – and some will find that they are denied cover because of that condition. But there are insurers who will offer cover specifically for older travellers with
Do you have a Bank Locker Insurance?
With your jewellery and valuables inside your bank locker you can have a goodnight sleep. Well that is what you think so? However, one gets to read about safe locker thefts frequently and who knows your safety
The performance of various ULIPs or Unit Linked Insurance Plans, with reference to growth of units, depends on market forces as also the efficient management of investments by the appointed fund managers. Due to the ups and downs in the market based on demand/supply
ULIP or Unit Linked Investment Plan is a combination of insurance and investment. A portion of the premium paid by the policyholder is utilised to provide insurance coverage to the policyholder, while the remaining portion is invested in equity and debt instruments. The aggregate
Your ULIP policy may come with additional associated charges. Please read the terms and conditions carefully before opting for ULIP. These charges could be :
Premium allocation fee
The charge is imposed beforehand on the premium amount. It is a percentage of
Almost all NBFCs (Non Banking Financial Companies) insist on insurance cover on the property mortgaged for a home loan, to deal with unforeseen calamities (fire, earthquake, floods, etc.). In fact, borrowers who avail a home loan against property mortgaged to the NBFC should also go in for life insurance (loan-secured […]
Some facts for you to ponder:
There are over 100 types of cancers which can affect human beings.
Any part of a body can be affected at any time and without any warning signals.
The incidence of cancer is
Comprehensive Buying Guide by Consumer VOICE experts to help you finalize Cancer Insurance Plans
Q1. Why buy a cancer insurance policy in the first place?
The following factors may have a role:
The existing health insurance cover by way of a critical illness plan
Infrastructure mutual funds are mutual funds that invest in the infrastructure sector or its ancillary companies that own, manufacture and operate infrastructure assets or infrastructure projects. Infrastructure is said to be the tangible aspects such as roads, railways, transportation, electricity and so on which
A mutual fund is an investment where it pools the money of several investors and invests this in stocks, bonds, money market instruments and other types of securities. It’s an ideal investment vehicle for regular investors who do not understand much about investing. Investors
The number of reported cooking gas accidents increased from 33 in 2013-14 to 68 in 2014-15 (April 2014 to January 2015). The fatalities due to such accidents shot up from 23 to 37 during the same period, while the number of injured persons increased from 56 to 159. As consumers, […]
This article will breakdown everything you need to know about two wheeler insurances. It will make the consumer understand all aspects; from tips, suggestions to what is included and excluded under the insurance cover.
Motor Vehicles( MV) Act : this act mandates that all
A consumer court in Chennai has directed an insurance company to pay compensation to its customer who was denied the claim amount for his damaged car on the ground that the damages were not relevant to the cause andnature of the accident.The petitioner, M Chandrasekar of Kolathur, was driving with […]