You might have heard the term IRDA before, the term is an abbreviation, and its full form is – Insurance Regulatory and Development Authority. The authority oversees the functioning of the life insurance industry and general insurance companies operating in the company, and acts as the regulator of the insurance industry in India. Protecting the interest of the policy holders and regulating the insurance industry is the main objective of the IRDA.
Health insurance is a commonly misunderstood term. In fact, many people refrain from buying one for themselves due to the myths associated with it. In this article, let us bust some of them so that when you buy a policy, you understand the conditions and benefits associated with the same.
The current Coronavirus pandemic has taught us an important lesson regarding the importance of adequate insurance for ourselves and our loved ones. With the disease wreaking havoc around the world and the countries going into lockdown, it is now time to review your health and life insurance cover.
The importance of health insurance has increased by leaps and bounds in the recent years due to an increase in lifestyle diseases. However, in order to keep the health insurance cover intact for you and your family, you have to renew it every year.
Today staying healthy has become a challenge for most due to the combination of pollution, unhealthy lifestyle, stressful schedules and contaminated food. This has made most of the people aware of the importance getting optimum health insurance cover.