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Illness, insurance and the cost of timing
6+ hour, 49+ min ago (706+ words) In 2019, upon my Multiple Sclerosis diagnosis, I was admitted to the hospital for five days. At discharge, I received a bill of Rs 2 lakh, an amount more than double my monthly income at the time. My corporate insurance covered 90 percent…...
No Claim Bonus: The motor insurance reward many drivers lose unknowingly
2+ week, 2+ hour ago (1578+ words) Most people think of motor insurance only when something goes wrong. A dent after a parking mishap. A cracked bumper. A flooded road during monsoon. And in those moments, filing an insurance claim feels natural, after all, that is what…...
Mandatory but delayed: Why third-party motor insurance claims take years to settle
3+ week, 6+ day ago (1601+ words) Third-party motor insurance is meant to pay for the damage caused in road accidents. In practice, that payment is taking years to come through, with lakhs of claims stuck in the legal system. More than 10 lakh cases are currently pending…...
Buying a car or bike? The hidden truth behind insurance sold at dealerships
1+ mon, 2+ week ago (1011+ words) Buying a car or bike is often one of the milestone purchases people make. The focus is usually on the price, the model, the delivery date. Somewhere in that process, insurance quietly becomes just another item on the bill. It…...
Insurance claim rejection over hospital lapse ruled unfair by consumer forum: Report
1+ mon, 3+ week ago (429+ words) A consumer forum in Vadodara has ruled in favour of a policyholder, stating that a patient cannot be penalised for a hospital's failure to meet registration rules, reported Times of India. The forum directed the insurance company to settle the…...
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1+ mon, 3+ week ago (15+ words) Bima Sugam to launch zero-commission insurance from June: What it means for you'India Today...
How aggressive sales targets at banks are fuelling India's mis-selling crisis
2+ mon, 3+ week ago (1278+ words) You walk into your bank branch to renew a fixed deposit, but your trusted relationship manager suggests something better. Instead of locking your money into a traditional fixed deposit, they say you could earn higher returns through a long-term investment…...