Smoking and consuming alcohol can have negative effects on one’s health and also while purchasing health insurance. Many individuals acquire health insurance with the expectation of never having to use it, but with the assurance that the policy will be there to assist in case of unforeseen circumstances. Despite common belief, individuals who smoke and … Read more
My friend and I are in the process of considering term insurance, and a major point of concern for us is regarding smoking and drinking. Every broker has asked us whether we smoke or drink. One of us is a smoker who smokes almost daily, while the other person drinks occasionally on weekends or skips … Read more
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a master circular on Protection of Policyholders’ Interests 2024, which gives details on norms on the protection of policyholders’ interests. The latest circular combines policyholder entitlements into a comprehensive reference document. It focuses on measures towards providing a seamless, faster and hassle-free claims settlement … Read more