Page 5 - Insurance Policy

Reader's corner: Can motor insurance policy be transferred to a new car?

You need to inform to the insurance company about any changes or modification you have done to the insured vehicle, says expert

Small-ticket insurance brings feel-good factor, but not adequate coverage

But in terms of sum assured or scope of coverage, the products are unlikely to meet your needs

Irdai plans to standardise insurance guidelines for houses and shops

In the last few years, the need for such standardisation was accentuated by increasing loss of small houses and commercial establishments due to natural calamities

Irdai directs Reliance Health Insurance to stop selling new policies

The company will be merged into Reliance General

Falsity in policy form can lead to claim rejection; check before signing

Claims can be rejected if the information given in the document is wrong

Fines for seeking wrong claims

The claim has to be settled within the scope and ambit of the coverage mentioned in the policy

Besides life and health, here're some must-have insurance policies

Having adequate insurance protection against the exigencies of life may be one of the wisest decisions you can take for a financially secure future

Readers' Corner: Insurance Policy

Insurance need increases as income and liabilities or responsibilities grow, and therefore it is prudent to keep reviewing one's policy at every life stage

Tipping Point: What is a paid-up insurance policy?

Many convert Ulips as well, if they are underperforming

Saving for your child's future

Child-centric investment products suit those who cannot maintain financial discipline

Portability can be tricky for older customers

The earlier in life you decide to port, the smoother the process is likely to be

Arm yourself with these insurance covers this monsoon

Covers for those living in dengue-prone localities and covers to protect car from waterlogging

Don't surrender your insurance policy at a loss

If your Ulip was bought before 2010, it would make sense to continue

Go online to reduce mis-selling

Centralised and Aadhaar-based KYC will make purchasing financial products online faster

Focus on claim settlement is not enough

Thrust of Irdai's latest draft guidelines is mostly procedural