Insurance

News - insurance ,Health Insurance ,Moneycontrol-SecureNow Health Insurance Ratings

Demystifying cashless health insurance: How to prevent claim rejection

Failing to disclose pre-existing illnesses or lifestyle diseases such as hypertension or diabetes, room rent submits and so on are the most common causes of disputes between policyholders and insurers. Likewise, treatment at hospitals blacklisted by insurers, too, could lead to claim rejection.

News - insurance ,insurance policy ,Life Insurance Corp (LIC)

LIC warns policyholders over alleged offers to acquire existing policies

LIC told its policyholders to consult with its officials before responding to any offers

News - insurance ,Life Insurance

Ulips can't be promoted as pure investment tool without mention of life cover element: IRDAI

IDRAI's clampdown is said to have targeted equity-oriented ULIP policies, particularly the small-cap and mid-cap ULIPs that were launched since the beginning of 2023. Many such ULIPs were sold to capitalise on the stock market rise, without emphasising on their insurance component. The new IRDAI regulations follow the furore around life insurance companies issuing advertisements to promote new fund launches under their Ulips without upfront mention of the life insurance component embedded within.

News - insurance ,Health Insurance ,Life Insurance ,MCPro

Nothing To Hide: Full disclosure, transparent terms key to avoiding insurance claim rejections

While insurance firms make their policy terms and conditions difficult to understand, some customers try to conceal vital defects that they know would mean a higher premium or rejection of claims.