Category: Life Insurance
Do you also believe that Insurance Broker and Insurance Agent are the same?
The answer is No. Insurance Broking is an organization licensed and controlled by the Insurance Regulatory and Development Authority of India.
Insurance Broking has a wider scope of approach when it comes to selecting the right policy for you. Because an Insurance Broker can extend their approach to all the insurance companies. They act as your representative to the insurance company.
Whereas Agents act as Insurance Company’s representative for which they hold the license. Hence their approach is limited to the single insurance company.
Since Insurance Broking is an entity and not an individual, they have greater responsibilities towards their clients and dedicated teams to take care of them.
The support from an Insurance Broker is not restricted to just helping you buy the right policy. They help you throughout the policy life cycle including their dedicated support in settlement of the claim.
What is a Material Fact in an Insurance Contract?
In the complex landscape of insurance contracts, grasping the significance of material facts is crucial. As a policyholder with Ethika Insurance Broking, comprehending these facts is pivotal for making informed decisions about coverage. The Crucible of Clarity: Material Facts in Insurance Contracts Unraveled Defining Material Facts Material facts are key information influencing an insurer’s decision […]
Are Legal heir and Nominee the same?
Sheena is late for the meeting with her lawyer Imran. Imran had sounded anxious over the phone, she recalls. When she finally reaches Imran’s office, Imran’s secretary hands her a judgment that Imran has asked her to. As she reads it, her eyes well up in grief and she cannot help but tumble in the […]
Let us divorce– first hand story
“This will put an end to all your problems,” he said sternly and left. I sank into the sofa, stunned. Dumbfounded. What did I do for this? Don’t I deserve a good life, a happy relationship and a secure future? Don’t I deserve joy or some peace of mind at the very least? Am I […]
How to use Section80D to save maximum tax?
We are allowed to claim a deduction of Rs.25K from our taxable salary for the Mediclaim Insurance premium. But so many of you will be covering yourself (including spouse and kids) within Rs.10K to 15K only. You can utilize the balance benefit by purchasing an Outpatient benefit Insurance policy. For example, let’s say your Mediclaim […]