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  #1  
27th October 2017, 01:05 PM
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What Can You Do With IRDA

I want to know my rights and duties fixed by Insurance Regulatory and Development Authority, here will you please help me?
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  #2  
27th October 2017, 01:50 PM
Super Moderator
 
Join Date: Aug 2012
Re: What Can You Do With IRDA

As you want to know your Insurance Regulatory and Development Authority, rights and duties here I will gather details for you.

Here telling you your rights and duties

Duties

When you buy a policy:
Fill the proposal form yourself correctly and truthfully, it is the basis of the insurance contract
Do not leave any column blank, do not sign a blank proposal form
You will be responsible for any information in this document as it bears your signature. Disclose all
material information about the risk you want to cover
Select the term of the policy as per your needs
Select the amount of premium you can afford to pay
Choose between Single Premium or Regular Premium
Choose your premium paying frequency such as annual, half-yearly, quarterly or monthly
Opt for electronic payment of your premium (ECS) for your convenience, safety and records
Ensure to register nomination under your policy. Fill the nominees name correctly

After you buy the policy:
Once the proposal is submitted, you should hear from the insurance company in 15 days
If not, take up the matter in writing
If any additional documents are asked for, comply immediately
Once the proposal is accepted by the insurance company, the policy bond should reach you within a reasonable amount of time
If not contact the insurance company about it
When policy bond is received, check it and be sure that the policy is the one that you wanted.

Right and Duties





Address:-
Insurance Regulatory and Development Authority
3rd Floor, Parisrama Bhavan, Basheer Bagh HYDERABAD 500 004
Telangana State (INDIA )

Phone:-
(040) 23381100


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