Know your rights as an insurance buyer

Lif insurance is the favourite investment option for millions of Indians but very few of them know about their rights as policyholders. A 2011 survey by NCAER shows abysmal level of awareness about policyholder’s rights.Whether it’s about the time in which a claim must be settled or the 15-day freelook period, the 22,164 households surveyed across India displayed an acutely low level of knowledge.

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