IRDAI asks insurers to define ‘claim’: what it means for CSR comparisons
IRDAI has asked insurers to define “claim” and standardise claim settlement ratio. The answer matters for every term insurance buyer comparing CSRs.
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Section 45: Fraud vs Non-Disclosure — What You Should Know (2026 Guide)
Who proves fraud when an insurer rejects your claim? Section 45 puts the burden on the insurer — but only for fraud. Know the legal test, the 3-year limit, and how courts actually decide.
The 3-year clock: when it starts, when it resets, and what resets it
The 3-year contestability clock under Section 45 resets to zero if your policy lapses and is revived. Adding a rider starts a separate clock. Know when your protection begins.
Can Your Insurer Reject a Claim After 3 Years? Section 45 Explained
Section 45 of the Insurance Act 1938 sets a 3-year limit on contesting life insurance policies. But fraud changes everything. Exact timelines, exceptions, and what courts have ruled.
NHRC Flags Insurance Denial to Disabled Persons
NHRC issued a notice to IRDAI after disabled persons were denied life insurance. The legal framework, IRDAI guidelines, and your rights as a buyer explained.
Term Insurance Premium Hike April 2026: What Actually Changed
Term insurance premiums rose 85% between 2020 and April 2026 in two sharp spikes. We break down exact premium increases by insurer and age, and what options remain for buyers after the hike.