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When Was The Insurance Regulatory And Development Authority Constituted?

The Insurance Regulatory and Development Authority Constituted in 1999

How to Claim Life Insurance When Someone Dies?

To claim life insurance when someone dies and the steps you to ensure a smooth and successful claim are

  • Notify the insurance company
  • Fill out the claim form
  • Submit the claim form along with the required documents
  • Wait for the claim to be processed
  • Receive the payment

When Can I Cancel My Bike Insurance Policy?

There are few situations in which you can cancel your bike insurance policy:

  • If you are not satisfied with the service provided by the insurance company after taking the insurance policy.
  • If you have taken a double policy for the same two wheeler bike. Two policies are active at the same time for a single bike.
  • If you have taken Comprehensive policy but wanted to take only Third party bike insurance.

When to claim car insurance in india?

In India, it is advisable to claim car insurance when you encounter significant damages or losses that are covered by your policy. This includes scenarios such as accidents resulting in substantial vehicle damage, theft of the vehicle, or damage caused by natural disasters. It's important to promptly inform your insurance company about the incident and file a claim as per their specified process. However, it's essential to consider factors such as the extent of damages, deductible amount, and potential impact on your future premiums before deciding to make a claim. Evaluate the situation, assess the financial implications, and consult with your insurance provider to determine the right time to claim car insurance in India.

When To Purchase Travel Insurance?

Some people might think that they don’t need to purchase travel insurance because they have a good health plan or they are healthy. However, the truth is that some people might not be covered by their health plan while traveling, and there are other risks involved in traveling that can result in an unexpected medical bill.

So when is it time to purchase travel insurance? If you are traveling internationally, then you should always purchase travel insurance. If you're on a cruise and going outside of the country's territorial waters for more than 12 hours, then you should also purchase travel insurance.

When Not To File a Car Insurance Claim?

In India, filing a car insurance claim is a very common event. However, there are some instances when you should not file a car insurance claim. If the accident was your fault or if your car is not insured.

There are many reasons to file an insurance claim for your car in India. If you have been in an accident and need to get your car repaired, it's important to file a claim with the company that insures your vehicle. If you don't, then you may end up paying more than what the repair would cost without filing a claim.

Claims are a necessary evil. You have to file a claim when you have been in an accident or your car gets stolen. But what about when you just want to get a new car and the insurance company doesn't want to pay for it? No need to claim a file.

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