A health insurance policy provides a vital protection against any unforeseen medical expenses that may strike you. And going by the skyrocketing medical costs these days, this is one decision that should not be postponed.
Insurance must be unquestionably the most misunderstood financial instrument in India. People buy insurance for all sorts of reasons except for the ones that matter. In this blog post, I will attempt to explain what should and shouldn’t be a consideration while buying an insurance product.
Bajaj Allianz General Insurance’s customer service is an absolute joke! Their representatives are not at all aware of the IRDA rules and regulations, nor are they responsive to customers’ complaints. Whatever you do, please DO NOT buy, renew or transfer your motor insurance online through their website!
All those of you who have or are planning to buy any insurance policy from ICICI Lombard — be very careful! These guys are employing every trick in the book to mint money from unsuspecting customers. After going through the break-up of my insurance renewal charges, I found that they had not only hiked the basic premium, but had also added two optional covers without my permission!