Brand Updates

 
IRDAI imposes Rs 1.11 crore penalty on Policybazaar

Thursday, August 29, 2019, 3:22 PM

IRDAI imposes Rs 1.11 crore penalty on Policybazaar

The insurance regulator has imposed a Rs 1.11 crore penalty on web aggregator Policybazaar for violation of regulations. Insurance Regulatory and Development Authority of India (IRDAI) said Policybazaar entered into a partnership with a non-insurance entity called 'Indian Health Organization by Aetna' (IHO) and offered incentives to its customers in violation of regulations. IRDAI said incentives included complimentary wellness benefits for all new eligible customers and covered five OPD consultations, unlimited telemedicine consultations, unlimited second opinion services, as well as pharmacy discounts. Further, the web aggregator also displayed the services offered by IHO on its website. This is a violation of regulations as these entities are not allowed to advertise products and services of other entities.

Blog

 
LIC Policyholders Beware of this Fraud

Monday, July 22, 2019, 6:27 PM

LIC Policyholders Beware of this Fraud

LIC policyholders beware of this fraud LIC is the first thing that comes to mind when you talk, Life Insurance. Most people believe LIC to be synon ...

Real Life Stories

 
Fraudsters cheated 25 insurers by misrepresenting cancer deaths as accidental deaths

Monday, July 8, 2019, 7:26 PM

Fraudsters cheated 25 insurers by misrepresenting cancer deaths as accidental deaths

The Haryana Police arrested a gang of fraudsters for fraudulently claiming insurance money from 25 companies by misrepresenting cancer deaths as accidental deaths. The fraudsters had raised multiple insurance claims and around 100 were under process. They allegedly carried the dead bodies of the cancer patients from their homes and influenced doctors, insurance agents, and enquiry officers. They took the bodies of cancer patients to the accident spot to pass them off as genuine deaths in accidents, and to hospitals where autopsies were carried out. Criminals would identify terminally ill cancer patients from rural and low-income backgrounds, get them to insure themselves with different insurers by hiding their health condition, wait for them to pass away and then put cause of death as ‘accidents’. The fraudsters would keep the bulk of the insured sum, (This is around Rs 8 Lakh to Rs 20 Lakh), and distribute the remaining amount with partners, police officers, family members, record keepers, insurance agents, doctors, and public prosecutors.

Blog

 
How to avoid getting trapped while availing term insurance?

Thursday, July 4, 2019, 6:51 PM

How to avoid getting trapped while availing term insurance?

If you are the sole breadwinner of your family, you must have term life insurance. It makes sure you ...

Blog

 
How To Stay Safe While Buying Insurance?

Tuesday, May 7, 2019, 5:36 PM

How To Stay Safe While Buying Insurance?

How To Stay Safe While Buying Insurance? Life is very uncertain and you never know what happens tomorrow. So, it is always advisable to avail insur ...

Blog

 
Watch Out: Your Insurance Policy Could Be Fake

Monday, April 1, 2019, 6:26 PM

Watch Out: Your Insurance Policy Could Be Fake

Watch Out: Your Insurance Policy Could Be Fake Could your insurance policy be a fake? No right. There are chances of you receiving a fake insurance ...

Blog

 
How To Avoid Motor Insurance Fraud?

Tuesday, December 11, 2018, 5:05 PM

How To Avoid Motor Insurance Fraud?

Frauds happen in almost all sectors. Fraudsters find new ways each day, to dupe innocent people of hard earned money. People get cheated in almos ...

Blog

 
Apply For Term Insurance Under Married Women's Property Act

Saturday, March 31, 2018, 5:39 PM

Apply For Term Insurance Under Married Women's Property Act

The main purpose of availing a term life insurance plan, is to provide financial security to family ...

Blog

 
Transfer Vehicle To Buyer's Name Once It Is Sold

Tuesday, February 20, 2018, 7:22 PM

Transfer Vehicle To Buyer's Name Once It Is Sold

If you have sold your car and forgotten to change the ownership in the registration certificate, there is a high chance you are in deep trouble. Even ...

1 Pages, 9 Records
CIBIL Meter