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How do you raise a grievance against an insurance company?

The aggrieved policyholder can make a complaint to the Grievance Redressal Cell of the Consumer Affairs Department of IRDA. This can be done by calling a ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What does adjudicated claim mean?

Adjudication of claims is a term used by the insurance industry to describe the process of evaluating a claim for payment of benefits. During an adjudicat...

Does House insurance Cover brickwork?

Buildings insurance protects the bricks and mortar, roof, structure and fixtures of a property, in case of damage. You’re also likely to get cover for the...

What was the egg ration in ww2?

1 fresh egg Eggs: 1 fresh egg a week. Tea: 50g (2oz). Jam: 450g (1lb) every two months. When were eggs rationed in ww2? 1942 Ever wondered how much food a...

Are law firms required to have malpractice insurance?

Professional liability insurance is not required by law in most states. However, at least 26 states require attorneys that do not carry malpractice insura...

What is a retrocession in insurance?

Retrocession — a transaction in which a reinsurer transfers risks it has reinsured to another reinsurer. What is risk in reinsurance? Definition: Reinsura...

What does dwelling extension mean on homeowners insurance?

Dwelling extension is an additional amount of coverage that has been allotted by the insurance company to reimburse for a complete loss that goes above an...

How do you mitigate risk in insurance?

5 Basic Methods for Risk Management Avoidance. Retention. Sharing. Transferring. Loss Prevention and Reduction. What is a risk reduction in insurance? Ris...

Do you need insurance for ear piercing?

As a body piercer, you should be aware of all the responsibility you have in protecting your property and the safety of those you provide your services to...

How was life insurance started?

The sale of life insurance in the U.S. began in the 1760s. The Presbyterian Synods in Philadelphia and New York City created the Corporation for Relief of...