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To help ease the pains of running from pillar to post for health insurance policyholders, the insurance regulatory and development authority of India (IRDAI) has asked insurance companies to strive to achieve 100% cashless claim settlement in a time-bound manner.
Recently, the Indian government introduced new draft rules regarding motor third-party insurance policies. These rules are important for all vehicle owners as they affect the premiums they pay for insurance coverage, especially for cars. Let's understand the details of these rules and what they mean for vehicle owners across the country.
Moneylife is a comprehensive online resource for news and opinions on personal finance like stocks, mutual funds, loans, insurance, credit cards, real estate and on companies, banking, finance and industry sectors from India.
As a counsellor at Moneylife Foundation, I encounter innumerable cases where bank customers have a harrowing time getting issues resolved. I completely empathise with them, given the problems that I have faced with a bank that I served for nearly three decades despite my knowledge of core banking. Let me narrate what happened to me.