IRDA and its Role in Insurance Sector: New IRDA Guidelines Included
You must have come across the term IRDA while reading about insurance related news and regulations. India’s insurance industry is thriving and there is no dearth of providers offering different types of insurance, be it life, general, or specialized. But which agency makes sure that insurance companies operate fairly and follow best practices? That’s IRDA […]
Surrender Value: Meaning, Types, and FAQs
Insurance policies are long-term commitments that bring a lot of jargon and conditions. Surrender value is one such aspect of insurance policy that often baffles individuals, couples, and families alike. To be fair, surrender value is a complex concept that requires a simple explanation. That’s why Aapka Policywala – a leading life insurance service provider […]
Comprehensive Insurance vs Third-Party Insurance: 6 Differences
Comprehensive and third-party insurance are two highly sought-after vehicle insurance options in India, and for a good reason! Road accidents are on the rise in our country. According to the Press Information Bureau, a total of 4,61,312 road accidents have been reported by States and Union Territories in 2022. These claimed 1,68,491 lives and caused […]