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Browse Registrationkraft’s Insurance Category blog posts to learn about the various types of insurance policies, latest insurance industry trends and more.
Have you ever heard about climate risk insurance? Do you know what does it mean? Well, if you don’t know about this type of insurance, you can get to know everything about climate risk insurance in the following post. With the paradigm shift in the behavior of the climate, it is no surprise that it […]
Insurance claim fraud is the illegal act of misleading and exploiting a company or an individual holding an insurance contract. For instance, a policy seller might sell somebody a policy by a company that does not even exist, or make fake promises to the buyer for the sake of earning more commission. In a similar […]
In today’s fast-paced lifestyle, insurance emerges as the most preferred way of keeping life elements particularly in regard to finance. Be it any expensive item like car, mobile phone, home, office, or even health, taking up an insurance policy for the same gives a kind of assurance that he can rest assured if something wrong […]
Life insurance is a type of agreement between a policyholder and an insurer. It includes the insurer guaranteeing to pay a fixed amount of money in exchange for insurance premiums. The amount paid depends on the specific terms and conditions of the policy. And, the payout is typically made after the policy matures or in […]
Digital transformation is being seen across multiple industries such as healthcare, manufacturing, transportation, and finance. The insurance sector has also adapted to new changes. As customers demand better service and accessibility, insurance companies change themselves and improve their speed, efficiency, and accuracy. This resulted in the growth and evolution of digital insurance. So, companies that […]
The insurance industry of India is one of the premium sectors that is experiencing upward growth. This means growth in income and awareness, currently, India is the 5th largest life insurance market in the world, growing at 32 to 34% every year. The industry has gone through multiple transformations in terms of development, growth, modification […]
The Insurance Ombudsman scheme was created by the IRDAI for individuals who have complaints regarding insurance intermediaries and insurance brokers. The ombudsman helps people to resolve their complaints in a cost-effective and efficient or impartial manner. Currently, 17 Insurance Ombudsman offices are located in the different locations of the country. You can submit a complaint […]
IRDAI The insurance industry is growing every year but the cases of policy rejection are also increasing during the claim process. To resolve customer grievances the Insurance Regulatory Authority of India launched the offices of the Insurance Ombudsman. Many people are getting help from these offices. Who is the Insurance Ombudsman? An Insurance Ombudsman is […]
The insurance companies in India are regulated by the IRDAI and it makes regulations for the insurance sector which must be fulfilled by the companies to operate the insurance business without any intervention of the authority. Also, it ensures that the rights of the insurers will be safe so that they don’t face any problem […]