How do I send my application?
As per the Right to Information (Regulation of Fee and Cost) Rules, 2005 prescribed by the Government of India: a request for obtaining information under Section 6(1) of RIA needs to be accompanied by an application fee of Rs.10 by way of cash against proper receipt or by DD or bankers’ cheque.
You could send your request by post accompanied by the application fee of Rs.10/- payable by demand draft or bankers’ cheque favouring Insurance Regulatory and Development Authority. The fee can also be paid in cash along with the application. Applications can also be made over fax or email. IRDA will take up the application for consideration, as required under the Act, only after the application fee has been received.
Wednesday, September 24, 2008
Making an Application under the Right to Information Act, 2005
Making an Application under the Right to Information Act, 2005
Citizens of India will have to make the request for information in writing, clearly specifying the information sought under the Right to Information Act, 2005. The application for request should give the contact details (postal address, telephone number, fax number, email address) so that the applicants can be contacted for clarifications or for further information. As per the Act, information can be furnished only to citizens of India but not to others.
Citizens of India will have to make the request for information in writing, clearly specifying the information sought under the Right to Information Act, 2005. The application for request should give the contact details (postal address, telephone number, fax number, email address) so that the applicants can be contacted for clarifications or for further information. As per the Act, information can be furnished only to citizens of India but not to others.
Complaints from Policyholders
Complaints from Policyholders
Policyholders who have complaints against insurers are required to first approach the Grievance/Customer Complaints Cell of the concerned insurer. If they do not receive a response from insurer(s) within a reasonable period of time or are dissatisfied with the response of the company, they may approach the Grievance Cell of the IRDA. For details of contact, please visit IRDA website http://irdaho/irdaweb/grievancescell.htm
Policyholders who have complaints against insurers are required to first approach the Grievance/Customer Complaints Cell of the concerned insurer. If they do not receive a response from insurer(s) within a reasonable period of time or are dissatisfied with the response of the company, they may approach the Grievance Cell of the IRDA. For details of contact, please visit IRDA website http://irdaho/irdaweb/grievancescell.htm
Complaints against Insurance Companies
Complaints against Insurance Companies
IRDA has provided for a separate channel for lodging complaints against deficiency of services rendered by Insurance Companies. If you have a complaint/grievance against an insurance company for poor quality of service rendered by any of its offices/branches, please approach the Nodal Officer of the Insurance Company concerned. In case you are not satisfied with the Insurance Company’s response you may also file a complaint with the Insurance Ombudsman in your State. The Insurance Ombudsman is an independent office to provide speedy and cost effective resolution of grievances to the customers. For more details on Insurance Ombudsman Scheme and their contact numbers, please vi
IRDA has provided for a separate channel for lodging complaints against deficiency of services rendered by Insurance Companies. If you have a complaint/grievance against an insurance company for poor quality of service rendered by any of its offices/branches, please approach the Nodal Officer of the Insurance Company concerned. In case you are not satisfied with the Insurance Company’s response you may also file a complaint with the Insurance Ombudsman in your State. The Insurance Ombudsman is an independent office to provide speedy and cost effective resolution of grievances to the customers. For more details on Insurance Ombudsman Scheme and their contact numbers, please vi
CUSTOMER PROTECTION:
CUSTOMER PROTECTION:
Insurance Industry has Ombudsmen in 12 cities. Each Ombudsman is empowered to redress customer grievances in respect of insurance contracts on personal lines where the insured amount is less than Rs. 20 lakhs, in accordance with the Ombudsman Scheme. Addresses can be obtained from the offices of LIC and other insurers.
Insurance Industry has Ombudsmen in 12 cities. Each Ombudsman is empowered to redress customer grievances in respect of insurance contracts on personal lines where the insured amount is less than Rs. 20 lakhs, in accordance with the Ombudsman Scheme. Addresses can be obtained from the offices of LIC and other insurers.
INSURANCE PRODUCTS
INSURANCE PRODUCTS (as on 1.4.2000) (for latest information get in touch with the current insurers – website information of insurers is provided at the web page for insurers ):
Life Insurance:
Popular Products: Endowment Assurance (Participating), and Money Back (Participating). More than 80% of the life insurance business is from these products.
General Insurance:
Fire and Miscellaneous insurance businesses are predominant. Motor Vehicle insurance is compulsory.
Tariff Advisory Committee (TAC) lays down tariff rates for some of the general insurance products (please visit website of GIC for details )
2001
New products have been launched by life insurers. These include linked-products. For details, please visit the websites of life insurers.
Life Insurance:
Popular Products: Endowment Assurance (Participating), and Money Back (Participating). More than 80% of the life insurance business is from these products.
General Insurance:
Fire and Miscellaneous insurance businesses are predominant. Motor Vehicle insurance is compulsory.
Tariff Advisory Committee (TAC) lays down tariff rates for some of the general insurance products (please visit website of GIC for details )
2001
New products have been launched by life insurers. These include linked-products. For details, please visit the websites of life insurers.
INSURANCE BUSINEES:
INSURANCE BUSINEES:
Insurance business is divided into four classes :
1) Life Insurance 2) Fire Insurance 3) Marine Insurance and 4) Miscellaneous Insurance.
Life Insurers transact life insurance business; General Insurers transact the rest.
No composites are permitted as per law.
Insurance business is divided into four classes :
1) Life Insurance 2) Fire Insurance 3) Marine Insurance and 4) Miscellaneous Insurance.
Life Insurers transact life insurance business; General Insurers transact the rest.
No composites are permitted as per law.
LIST OF LIFE INSURERS
List of Life Insurers
Sr. No. Name of the Company
1 Bajaj Allianz Life Insurance Company Limited
2 Birla Sun Life Insurance Co. Ltd
3 HDFC Standard Life Insurance Co. Ltd
4 ICICI Prudential Life Insurance Co. Ltd.
5 ING Vysya Life Insurance Company Ltd.
6 Life Insurance Corporation of India
7 Max New York Life Insurance Co. Ltd
8 Met Life India Insurance Company Pvt. Ltd.
9 Kotak Mahindra Old Mutual Life Insurance Limited
10 SBI Life Insurance Co. Ltd
11 Tata AIG Life Insurance Company Limited
12 Reliance Life Insurance Company Limited.
13 Aviva Life Insurance Co. India Pvt. Ltd.
14 Sahara India Life Insurance Co, Ltd.
15 Shriram Life Insurance Co, Ltd.
16 Bharti AXA Life Insurance Company Ltd.
17 Future Generali Life Insurance Company Ltd.
18 IDBI Fortis Life Insurance Company Ltd.
19 Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd
20 AEGON Religare Life Insurance Company Limited.
21 DLF Pramerica Life Insurance Co. Ltd.
Sr. No. Name of the Company
1 Bajaj Allianz Life Insurance Company Limited
2 Birla Sun Life Insurance Co. Ltd
3 HDFC Standard Life Insurance Co. Ltd
4 ICICI Prudential Life Insurance Co. Ltd.
5 ING Vysya Life Insurance Company Ltd.
6 Life Insurance Corporation of India
7 Max New York Life Insurance Co. Ltd
8 Met Life India Insurance Company Pvt. Ltd.
9 Kotak Mahindra Old Mutual Life Insurance Limited
10 SBI Life Insurance Co. Ltd
11 Tata AIG Life Insurance Company Limited
12 Reliance Life Insurance Company Limited.
13 Aviva Life Insurance Co. India Pvt. Ltd.
14 Sahara India Life Insurance Co, Ltd.
15 Shriram Life Insurance Co, Ltd.
16 Bharti AXA Life Insurance Company Ltd.
17 Future Generali Life Insurance Company Ltd.
18 IDBI Fortis Life Insurance Company Ltd.
19 Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd
20 AEGON Religare Life Insurance Company Limited.
21 DLF Pramerica Life Insurance Co. Ltd.
Tuesday, September 9, 2008
Started receiving the money
These banks, which had made a profit while rounding off their accounts, had been asked by the Supreme Court to spend the money for public good specifically for the disabled after a PIL three years ago.
The ministry, which has started receiving the money, plans to implement the insurance scheme in this financial year using the funds
The ministry, which has started receiving the money, plans to implement the insurance scheme in this financial year using the funds
Insurance cover by companies
The disabled who have been denied insurance cover by companies all these years stand to get insurance as a right once the scheme is in place this year. The source of the funding of the insurance scheme is also unique.
It is to be funded through a Rs 2400 crore (Rs 24 billion) corpus that has accrued to the Ministry for Social Justice and Empowerment from public sector banks.
It is to be funded through a Rs 2400 crore (Rs 24 billion) corpus that has accrued to the Ministry for Social Justice and Empowerment from public sector banks.
Key benefits of PRAVASI VANITHA SURAKSHA SCHEME
Key benefits of PRAVASI VANITHA SURAKSHA SCHEME
• Permanent partial disablement and temporary total disablement due to accident upto a maximum of Indian Rs. 2,50,000/-
Compensation payable for permanent disability as a percentage of the Capital Sum Insure of RS. 2,50,000/- depending
upon the type of disability. Eg.:
• Permanent partial disablement and temporary total disablement due to accident upto a maximum of Indian Rs. 2,50,000/-
Compensation payable for permanent disability as a percentage of the Capital Sum Insure of RS. 2,50,000/- depending
upon the type of disability. Eg.:
Key benefits of KUDUMBA AROGYA
Key benefits of KUDUMBA AROGYA
• Hospitalisation treatment in any 15 bed hospitals in India and for C class cities, the number of beds will be reduced to 10.
• Hospitalisation for a minimum period of 24 hours is admissible.
• For defined major diseases, airfare to India from country of employment is payable.
• Hospitalisation treatment in any 15 bed hospitals in India and for C class cities, the number of beds will be reduced to 10.
• Hospitalisation for a minimum period of 24 hours is admissible.
• For defined major diseases, airfare to India from country of employment is payable.
Key Benefits of PRAVASI SURAKSHA
Key Benefits of PRAVASI SURAKSHA
• Covers Death due to accident, P.T.D (Permanent Total Disability) due to accident, Loss of one eye/one limb due to accident and
Loss of both limbs / one eye and one limb or both eyes.
• If the death of the insured occurs due to accident /illness in a foreign country, the expense incurred for repatriation of the
body to India up to Rs. 50,000/- (including airfare of an accompanying person) OR if the insured is to be brought to India ALIVE
after an accident, airfare for the insured as well as for the accompanying person upto Rs. 50,000/- is payable, provided a
valid claim is admitted under PS & KA Scheme.
• In case of death of the insured NRI due to accident :
a) Educational grant of Rs. 50,000/- each to two children below 25 years who continue their education.
b) Marriage grant : Rs. 50,000/- each for two unmarried daughters.
• To and Fro airfare to India in case of death due to accident of his/her spouse or children subject to a limit of
Rs. 50,000/- once during the policy period.
• Covers Death due to accident, P.T.D (Permanent Total Disability) due to accident, Loss of one eye/one limb due to accident and
Loss of both limbs / one eye and one limb or both eyes.
• If the death of the insured occurs due to accident /illness in a foreign country, the expense incurred for repatriation of the
body to India up to Rs. 50,000/- (including airfare of an accompanying person) OR if the insured is to be brought to India ALIVE
after an accident, airfare for the insured as well as for the accompanying person upto Rs. 50,000/- is payable, provided a
valid claim is admitted under PS & KA Scheme.
• In case of death of the insured NRI due to accident :
a) Educational grant of Rs. 50,000/- each to two children below 25 years who continue their education.
b) Marriage grant : Rs. 50,000/- each for two unmarried daughters.
• To and Fro airfare to India in case of death due to accident of his/her spouse or children subject to a limit of
Rs. 50,000/- once during the policy period.
PRAVASI VANITHA SURAKSHA SCHEME
Who can enroll for PRAVASI VANITHA SURAKSHA SCHEME ?
• Any female non-resident Indian working abroad.
• Such female non-resident Indian should already be enrolled for Pravasi Suraksha Scheme I or II OR should be applying
simultaneously for Pravasi Suraksha and Pravasi Vanitha. She also has the option to join the Kudumba Arogya Scheme.
• Any female non-resident Indian working abroad.
• Such female non-resident Indian should already be enrolled for Pravasi Suraksha Scheme I or II OR should be applying
simultaneously for Pravasi Suraksha and Pravasi Vanitha. She also has the option to join the Kudumba Arogya Scheme.
KUDUMBA AROGYA
Who can enrol for KUDUMBA AROGYA ?
• Any Non Resident Indian who has already enrolled for the Pravasi Suraksha (PS ) Scheme.
• Spouse, of an NRI who has already enrolled in the PS & KA Scheme. He/she can be resident in India or abroad.
• Children, of an NRI who has already enrolled in the PS & KA Scheme. They can be resident in India or abroad.
• Parents (below 70 years), of an NRI who have already enrolled in the PS & KA Scheme. They can be resident in
India or abroad. Parents cannot enrol in the PS Scheme.
• Any Non Resident Indian who has already enrolled for the Pravasi Suraksha (PS ) Scheme.
• Spouse, of an NRI who has already enrolled in the PS & KA Scheme. He/she can be resident in India or abroad.
• Children, of an NRI who has already enrolled in the PS & KA Scheme. They can be resident in India or abroad.
• Parents (below 70 years), of an NRI who have already enrolled in the PS & KA Scheme. They can be resident in
India or abroad. Parents cannot enrol in the PS Scheme.
PRAVASI SURAKSHA
AmulyWho can enrol for PRAVASI SURAKSHA ?
• Any Non Resident Indian; and alongwith him/her
• Spouse of the NRI even if he/she is resident in India
• Children of the NRI even if they are resident in India
• Any Non Resident Indian; and alongwith him/her
• Spouse of the NRI even if he/she is resident in India
• Children of the NRI even if they are resident in India
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