In today’s fast-paced world, having health insurance is more important than ever. With the rising cost of healthcare and the unpredictability of illnesses and accidents, it’s crucial to have a safety net in place to protect you and your family financially. Health insurance ensures that you have access to the medical care you need, when you need it, without breaking the bank. In this blog post, we’ll explore the importance of having health insurance in today’s world and the various benefits it offers. From financial security to peace of mind, having health insurance is a smart decision that can truly make a difference in your life.
All thee risk cause financial loss. This loss can be covered through Insurance. Risk of falling ill cause big financial drain and such financial loss can be compensated through Health Insurance.
Please take note that Health Insurance is an agreement for indemnification. This means that Health Insurance cannot be availed of for financial profit but for the compensation of financial loss, in a justifiable and standard manner. Nowadays, Health Insurance has become an indispensable part of life as it provides financial compensation in case of unforeseen medical expenses. These expenses can be covered through cashless hospitalization, where the medical expenses are directly paid by the insurance provider, or through reimbursement. With the cost of healthcare rising, the need for insurance coverage has become even more critical. Without health insurance, an unexpected illness or injury can lead to financial ruin. In this write-up, we will discuss the significance of having health insurance and why it is essential for everyone to have coverage.
If you were mis-sold an insurance policy, then immediately contact your insurance company and inform them about the mis-selling. If you need help, you can contact
We provided guidance on how to approach the insurance company and helped Sapna to escalate the case to the Ombudsman. We were pleased to resolve the case within eight months, and Sapna was able to reclaim her funds.Later, she received a call for renewal (premium) which made her realize that an endowment policy has been mis-sold to her. She was required to pay premium for 10 years. She was helpless as she has no source of income and the money she had, was wrongly invested in an insurance policy that she never needed.
We buy life insurance to provide financial security to us (at the time of maturity) and to our family in case something happens to us (as a death benefit). It is worth being extra careful while buying one so as…
Insurance Mis-selling: Insurance is a well-regulated business and all insurance companies follow the basic guidelines provided by the regulator – The Insurance Regulatory and Development Authority of India (IRDAI). The regulator insists on basic guidelines as below : Insurance should…
In life insurance, if something happens to you then your beneficiary or nominee will get a death benefit, but what if nothing happens? Will you get anything in return for the premium paid during the policy term? Yes, if the…