What are my rights & duties?
As a smart consumer, you should be aware of your duties and rights about your policy
coverage, claims and grievance redressal. The rights and duties during various stages of
the life-cycle of insurance policy are briefly discussed here:
When you buy an insurance policy:
- Fill the proposal form yourself correctly and truthfully.
- 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 and 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 nominee’s name correctly.
- DO NOT LEAVE ANY COLUMN BLANK
- DO NOT SIGN A BLANK PROPOSAL FORM
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