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If unsuccessful or dissatisfied with the insurer’s internal grievance redressal system, the aggrieved insured can register their complaint on IRDAI’s…

Insurance Grievance redressal A grievance is defined as any communication that expresses dissatisfaction about an action or lack of action,…

Provisions related to nomination Nomination is the process by which the policyholder appoints a person or persons to receive policy…

The amount of capital that an insurance company has in relation to probable claims. Technically put, the solvency ratio of…

Pre-Sale Stage Fill the proposal form yourself correctly and truthfully, it is the basis of the insurance contract Do not…

SURVEYORS Link between Insurer and Insured an Insurance Policy is a combination of protection and savings to meet your future…

Microinsurance is insurance with low premiums and low caps / coverage. In this definition, “micro” refers to the small financial…

More recently, IRDA has taken a holistic view of the features of ULIPs and addressed issues impacting the policyholders including…

Paying LIC premiums offline Offline premiums for LIC policies can be paid in any of the below-mentioned ways: NACH (National…

In these Regulations, unless the context otherwise requires, (i) ‘Act’ means the Foreign Exchange Management Act, 1999 (42 of 1999);…