A fine of Rs. 2 lakhs have been imposed on MetLife India, a private sector insurer, by the Insurance Regulatory and Development Authority for not following the norms while issuing policy.
About Ombudsmen
Insurance Ombudsman institutions work for the purpose of quick disposal of the grievances of the insured customers.
Insurance Ombudsman institutions work for the purpose of quick disposal of the grievances of the insured customers.
As per the IRDA regulations, a proposal is to be processed by the insurer with speed and efficiency and the decision communicated to the applicant within 15 days of receipt of the proposal.
The IRDA said that the insurer MetLife India Insurance Company did not pay sufficient attention in promptly communicating the underwriting decision as well as in refunding the proposal deposits collected from the complainant within the prescribed time limit.
Travel Plans - Star Health Travel Plans
Star Health & Allied Insurance offers a convenient insurance for the corporate people when they travel abroad for globalization and business expansion.
Star Health & Allied Insurance offers a convenient insurance for the corporate people when they travel abroad for globalization and business expansion.
A Decade of Health Insurance Beginning
2011 was a positive start to what we believe to be the Health Insurance Decade (2010-2020). Health Insurance Portability and Bancassurance have been topics of general conversation.
2011 was a positive start to what we believe to be the Health Insurance Decade (2010-2020). Health Insurance Portability and Bancassurance have been topics of general conversation.
Insurance Companies Urged to Design Products for Rural People
J. Hari Narayan, IRDA’s chairman said that the future growth of the insurance industry lies in bringing out products based on the rural population’s needs and aspirations.
J. Hari Narayan, IRDA’s chairman said that the future growth of the insurance industry lies in bringing out products based on the rural population’s needs and aspirations.
