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COMMISSION RATES NEED TO BE DISCLOSE  According to the report, IRDAI may soon consider a proposal that seeks to have a single limit for expenses made by insurance companies including operating expenses, commissions, rewards, etc. Moreover, under the proposed rules, web aggregators will have to disclose their charged commission rates and rewards that they are qualified to receive from insurance companies for selling their policies, products, and plans. Currently, in accordance with the continuous endeavor towards promoting ease of doing business for insurance companies in India, IRDAI has allowed separate limits for expenses at the business level and for operations, commissions, and rewards.  It is expected that this proposal may bring transparency and customer protection and also reduce the misselling of products which will enable insurers to better focus their efforts with the ultimate goal of improving coverage and penetration.  SOURCE:-  IRDA  THANKS TEAM FO...

INSURANCE CLAIM OR MURDER REGISTERED CASE. The family of a woman, who had a love marriage, came to know about her death when her husband filed an insurance claim. The deceased woman was a resident of Chhatarpur in New Delhi. The woman identified as Ritu had married her boyfriend Sachin, a resident of Khanpur village in Shamli.   The incident of the woman's death came to light after insurance officials reached her Delhi home for verification. The family was shocked to know about their daughter's death. The family has accused Ritu's husband of murdering her. They have filed a murder case against Sachin at Chhatarpur police station. Ritu reportedly died in a road accident.   On Wednesday, the Delhi Police reached Sardhana to probe the case. Police have also collected post-mortem reports among other documents. According to Ritu's family, she had a love marriage with Sachin from Shamli. Around a year ago, Ritu and Sachin were heading to Delhi via the Karnal highway on bike. ...

  BUY POLICY:- WHATSAPP 8999520001                                                  WWW.FOXINA.IN What is Sum Insured In Health Insurance In India, most people avoid buying a health insurance plan because they do not understand the terminologies used in it. While it is quite understandable, having a comprehensive health insurance plan will protect you and your loved ones against unforeseen medical contingencies. We do our best to help you understand your health insurance policy before buying the product from us. In this section, we have explained what the sum insured in health insurance is. What is the Sum Insured in Medical Insurance? Sum insured is the amount provided to you (the policyholder) in case of any unforeseen event like medical emergencies, theft, damage to the vehicle, etc. Note that this sum of money is not a financial benefit but is merely a re...

Difference between Incurred Claim Ratio and Claim Settlement Ratio Incurred Claim Ratio VS Claim Settlement Ratio Incurred Claim Ratio (ICR):  The ratio of the total number of claims received to the total premiums collected in the same period by the insurance company is known as the Incurred Claim Ratio. A high ICR gives you an idea that the insurance company is more open to accepting new customers and more friendly to issuing policies to people with pre-existing illnesses, and if you are one of those customers with pre-illness, then you don’t have to wait much to get your plan. The ratio also tells you about their relationship with the customer. I.e Total value of the claim paid/ total value of premium collected Claim Settlement Ratio (CSR):  The ratio of the total number of claims settled to the total number of claims received by the insurance company within the same duration of time is known as the Claim Settlement Ratio. It tells you how friendly the company will behave du...

 HEALTH INSURANCE Health insurance is a cover that covers the medical expenses of the policyholder. It is a protection against high hospitalization expenses, pre-medical, and post-medical expenses, daycare treatments, aIr ambulance, Ayush benefits, in some type of policies maternity and vaccination of child too. In this article, we are helping you to consider the factors, before purchasing the health policy. so that you choose the best company and products. Factors you should consider before buying health insurance and deciding on the insurance company. Incurred Claim Ratio (ICR):  The ratio of the total number of claims received to the total premiums collected in the same period by the insurance company is known as the Incurred Claim Ratio. A high ICR gives you an idea that the insurance company is more open to accepting new customers and more friendly to issuing policies to people with pre-existing illnesses, and if you are one of those ...

  10 Best Health Insurance Plans in India What’s the best health insurance plan in India? If you’re an ex-pat or just planning to relocate to the country, figuring out how to get health insurance in India can be a tricky task. Different companies offer different policies, some of which are more suited to your needs than others. To help you make an informed decision on your health insurance plan in India, we’ve put together this list of the 10 best health insurance plans in India right now.                                                 HDFC OPTIMA RESTORE STAR HEALTH YOUNG STAR ADITYA BIRLA ACTIVE ASSURED DIAMOND NIVA BUPA REASSURE The above-mentioned plans are best suitable for people who want to buy at an early age to avoid uncertainty and risks. Major benefits are No Sub-limits Comprehensive coverage No claim bonus up to 150% Lower premium As our team of ex...

 हां, "यह तभी मुफ़्त है, जब आप करदाता हों। भारत में अधिकांश जनसंख्या स्वास्थ्य बीमा के अंतर्गत नहीं आती है और अस्पताल के खर्चों के लिए अपनी बचत या उधार पर निर्भर करती है। लेकिन सरकार भी सभी को चिकित्सा बीमा खरीदने के लिए प्रोत्साहित करती है और आपको धारा 80D के तहत कर कटौती का लाभ उठाने की अनुमति देती है। धारा 80डी क्या है? प्रत्येक व्यक्ति या एचयूएफ धारा 80डी के तहत किसी भी वर्ष में भुगतान किए गए चिकित्सा बीमा प्रीमियम के लिए अपनी कुल आय में से कटौती का दावा कर सकता है। यह डिडक्शन टॉप-अप हेल्थ प्लान और क्रिटिकल इलनेस प्लान के लिए भी उपलब्ध है। कटौती लाभ न केवल स्वयं के लिए स्वास्थ्य बीमा योजना के लिए बल्कि जीवनसाथी, या आपके आश्रित बच्चों या माता-पिता को कवर करने के लिए पॉलिसी खरीदने के लिए भी उपलब्ध है। सबसे अच्छी बात यह है कि यह धारा 80सी के तहत दावा की गई कटौतियों के अतिरिक्त है। धारा 80डी के तहत कटौती के लिए कौन पात्र है? वरिष्ठ नागरिकों के लिए चिकित्सा बीमा प्रीमियम और चिकित्सा व्यय के लिए कटौती की अनुमति केवल करदाताओं की व्यक्तिगत या एचयूएफ श्रेणी के लिए है। व्यक्तिगत या एचयू...