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Tag: claim

The Motor Insurance Proposal Form

By: Insurancepe June 6, 2024

Are you aware that Motor Insurance has a proposal form? Online, sure. But a physical form for you to fill up with a pen! At the very beginning of this
Compulsory Motor Insurance
Compulsory motor insurance for drivers but optional for insurers? Why are American motor insurers refusing to insure?

By: Insurancepe May 22, 2024

It’s common knowledge that motor insurance is compulsory by law (in India, the USA and most other countries). In an economy like the USA where there is a lot of
Utmost Good Faith
Utmost Good Faith – the UK’s biggest change to its Insurance Laws

By: Insurancepe May 16, 2024

If you have ever carefully read a proposal form of any type of insurance you are or were considering taking, you may have noticed a statement (usually in the Declaration)
How did they (try to) carry out the scam?
A student who amputated his own legs for a $1.3 million dollar insurance scam

By: Insurancepe April 27, 2024

In 2023, a university student in Taiwan tried to scam his insurers in an attempt to get a payout of $1.3 million dollars! By amputating his own legs! What did
section 45
Incontestability clause in life insurance (Section 45)

By: Insurancepe April 15, 2024

If you go through your life insurance policy wording, you will come across Section 45, a provision of the Insurance Act, 1938 as amended by Insurance Laws (Amendment) Act, 2015.
Cohort based pricing
Health insurance & Cohort-based pricing

By: Insurancepe March 7, 2024

You may have heard the phrase ‘cohort-based pricing’ being tossed around a lot recently; owing to the news that the regulator IRDAI is considering a proposal from health insurers to
Consumables covered in Health Insurance?
Consumables Cover – All you need to know

By: Insurancepe February 13, 2024

If you have ever gone through your health insurance’s policy wording when the process of buying health insurance, you may have noticed “Consumables” listed under Exclusions. Or perhaps your insurance
Why every pet owner needs insurance?
Pet Insurance – All you need to know

By: Insurancepe January 29, 2024

Having a pet in your life is – like having your best friend move in! Our four-legged companions weave threads of joy, loyalty and unwavering companionship and bring boundless love
Family Health Optima Insurance
The cost of poor service in Health Insurance

By: Insurancepe January 8, 2024

What happens when a legitimate claim is rejected by an insurance company? The insurance company ends up paying more than the original cost of the claim. At least that is
CAUSA PROXIMA or Proximate Cause Allianz v The University of Exeter

By: Insurancepe May 5, 2023

In insurance, the rule of ‘proximate cause‘ is often called into action “to determine whether an event covered by a policy or an event excluded by the policy is the