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BIMA BHAROSA PORTAL
Missed insurance claim submission deadline? Don't worry, you are still eligible for reimbursement. Here's whyA Bombay High Court ruling favored policyholders, stating insurers cannot reject claims solely for delayed document submission beyond the 9...- 58% surges in Insurance Ombudsman cases: 4 reforms to fix the backlog before it breaksThe Insurance Ombudsman serves as a guardian of trust for the industry and has resolved thousands of disputes for policyholders. But a grow...
- Health insurance records strong growth momentum with premiums exceeding Rs 1.2 lakh crore in FY25India's health insurance sector is growing strongly. The Insurance Regulatory and Development Authority of India (Irdai) has set strict dea...
- Insurance mis-selling in India: How banks and agents push mis-sold policiesFinancial year-end targets fuel aggressive sales tactics in insurance. Customers are being sold policies they do not need, often through co...
- Massive rise in grievances pendency in health and general insurance in FY25, claim-related issues account for 69%, mis-selling haunts life insuranceIndia's insurance grievance system is buckling under pressure, with a significant surge in complaints, especially for health and general in...
- Rs 2,000 cr returned so far under 'Your Money, Your Right' initiative; PM urges citizens to claim unclaimed assetsNearly 2,000 crore rupees have been returned to citizens through the 'Your Money, Your Right' initiative. This government program helps peo...
- FinMin, RBI working on portal to help citizens claim unclaimed assets: DFS SecyThe finance ministry is working with the Reserve Bank of India to build a single portal that will allow citizens to track and claim unclaim...
- NRIs flying home for faster access to healthcare, lower costs: Here’s what to check before you seek medical treatment in IndiaNRIs are choosing India for medical treatment due to lower healthcare costs, faster access to quality care, and NABH-accredited hospitals. ...
- Have unclaimed insurance amount? Here’s how to check and claim your hidden wealthOver Rs 25,000 crore remains unclaimed in Indian insurance policies due to forgotten claims or unaware nominees. Tracking and claiming thes...
- Why health insurance claims get rejected in India and how to fix the trust deficit?Once there is a claim, especially a large one, some insurers slam the brakes and initiate in-depth investigations that should have been don...
- Health insurance: How insurers can use ‘material change’ clause to hike your health insurance premium at renewalHealth insurers are introducing a new 'material change' clause in policies. This clause allows them to alter premiums and policy terms. Exp...
- Rising insurance grievances push IRDAI to propose internal insurance ombudsmen—but will it stay neutral on insurer payroll?To improve how insurance complaints are handled, IRDAI has suggested each insurer have an internal ombudsman. This aims to address the high...
- Rs 2.8 lakh refund issued to insurance misselling victim, per NCDRC rulingIn the case of TATA AIA vs. Gyan Singh, the National Consumer Dispute Resolution Commission ruled that policyholders are entitled to a full...
- Why can your insurance claim get rejected & how to avoid it?All health insurance policies have a life-long renewal clause which the regulator has mandated. They cannot be rejected and your pricing ca...
- Bima Bharosa portal for insurance grievances: Step-by-step process to register an insurance-related grievanceBima Bharosa has been launched by the Insurance Regulatory and Development Authority of India (Irdai) to serve as an online platform for gr...
- Is your medical claim stuck? Find out why you face problems in health insurance claim settlement and how to avoid themWhile health insurers can sometimes be blamed putting customers through unending hardship in clearing claims, many a times it’s the policyh...
- 50% of complaints against pvt life insurance companies in 22-23 were unfair business practice grievances: IRDAIThe total number of grievances lodged against all life insurers in India decreased from 1,54,826 in 2021-22 to 1,27,378 in 2022-23, as per ...
- Irdai to revamp grievance redressal mechanism, plans to call it 'Bima Bharosa'The revamp will include an option of filing complaints in regional languages. This can be attributed to making the process of complaint red...
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