Online Insurance - Need to seek help from your insurer

AS a life insurance customer, there can be multiple situations when you may have queries and will need to get in touch with your insurer. Here are some of the sit­uations in which you may require their assis­tance: 

1) Policy related issues: One of the most common policy related query could be not hav­ing received the docu­ment within two to four weeks of completed the initial procedures. In this case, you should contact your insurer and get the policy document deliv­ered. If the policy has in-correct details printed on it, you should contact the insurer at the earliest, since such details are crucial at the time of making a claim. There may also be instances where your policy may not meet your financial requirement. In such cases, you should use the free-look period. 

2) Claims related issues: Claim related questions could vary from the claim intimation process, docu­ments required for a claim submission, or the claim amount that would be payable, for which, you can contact the in­surer. In case, your claim has not been settled within the mentioned timeline, or has been re­jected, you could make a complaint to the insurer. 

3) Fund related issues: As a customer of a unit-linked plan (Ulip), the most common query is usually the fund value or fund's NAV, or getting an account statement. You can also avail of the fund-switch facility of­fered by insurers to safe­guard your Ulip invest­ments from market volatilities.

What you can do?  

1) Use the toll free number or social network to inti­mate a grievance with your insurer.

2) Escalate to Irda or Ombudsman: In case, you do not get a satisfactory response you're your insurer, you can contact the Irda grievance cell or the Om­budsman through their toll free number or email address.

Understand Osteoporosis Risk Factors - Medical Insurance

Understand Osteoporosis Risk Factors - Here we are defining the Osteoporosis Risk Factors with Medical insurance and health insurance policy plans. Various factors like age, gender, family history, race, body type, menstrual history, and personal lifestyle and history can make certain patients more susceptible to osteoporosis with aging. Where do you fit with these osteoporosis risk factors?

As we typically start to lose some bone density during our 30s, it’s important to have an advanced understanding of osteoporosis risk factors in order to start taking corrective and preventative steps in these early years.

While largely preventable and treatable, osteoporosis is called the “silent disease” because many people don’t know that their bones have thinned until the condition has progressed and/or led to back pain and bone fractures. In a further effort to break the silence about the dangerous consequences of osteoporosis and to achieve more education and public policy for the prevention of this disease, October 20 has been designated World Osteoporosis Day (WOD).We are pleased to offer few tips on how patients can become more aware of osteoporosis to avoid it from occurring later on in life.
 

Travel Insurance - while planning a trip

In this article, we’ll take a look at the ways in which you can prevent loss of money and get yourself the best exchange deal possible in travel insurance. First, some tricks you should know when dealing with the traditional forms of money exchange: cash, cards and traveller’s cheques.

TRICKS

Cash:

• Know the exchange rates beforehand – this will prevent you getting ripped off by local agencies.
• Never exchange money from airports, train station or hotels – you’ll inevitably pay a very high commission and get a lower rate.
• As far as possible, exchange money at local banks, or at a local branch of your bank.
• Exchange half your money before you leave on your trip, and exchange the rest of it once you reach your destination. Thus, if the rates go low, you’ll have half of your money intact. If the rate increases, you can capitalize on it with the remaining half of your cash.

 

TIPS

• Don’t rely on using a signature for transactions. Some countries use chip technology that requires a PIN for all transactions.
• If your PIN is larger than 4 digits, ask your bank if you can get it altered, as foreign ATMs may not recognize more than that.
• Carry contact details of all the financial service companies you’re dealing with.
• Keep in mind the daily withdrawal restrictions in the country you are traveling to.
• Never keep all your cash, cards and cheques in one place. That way, if you go get robbed or misplace something, you won’t lose all your money at once.
• Keep a copy of all receipts to check against your statements
• As far as possible, deal in US Dollars. They can get you the best exchange rates, and it is often possible to pay directly in dollars rather than local currency.