As I write this piece, Motor Insurance claimfiles sprint across my mind. The angry exchanges customers had with the motor insurance officials in an insurance office come in like the waves of the sea in my mind. Millions of unsettled motor insurance claims, lakhs of customers who have gone to the court crying foul and […]
Tag: IRDAI
16. India Motor Tariff
Please check your Motor Insurance policy wording…where 80% of the policy wording and / or the 80% of the policy wording pages consist of India Motor Tariff (IMT). In a sexy way, they call it as IMT 1, IMT 2… so on., and I guess the IMT series ends at IMT 65. Let us come […]
15. Conditions Precedent to the Contract
The problem with the Indian consumers is no one reads the policy conditions. They spend huge money in paying the compulsory Motor Insurance premium. However, once the policy is issued, they never read the policy terms and conditions. They simply keep the policy either in the glove compartment or at home and forget all about […]
