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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.

Does alcohol use affect insurance?

The answer, unfortunately, is that it likely will—in a number of ways. Someone who uses alcohol only occasionally will have no trouble qualifying for life...

What is non forfeiture in insurance?

A non-forfeiture option. (or clause) is a provision included in certain life insurance policies stipulating that the policyholder will not forfeit the val...

Can you get rid of PMI after 2 years?

Many loans have a “seasoning requirement” that requires you to wait at least two years before you can refinance to get rid of PMI. So if your loan is less...

What insurance should a self-employed electrician have?

Three types of insurance you should consider as a self-employed electrician are: public liability insurance. employers’ liability insurance (a legal requi...

How long can a pre existing condition be excluded?

Conditions for Exclusion HIPAA allows insurers to refuse to cover pre-existing medical conditions for up to the first twelve months after enrollment, or e...

When must Cobra notices be sent out?

An employer that is subject to COBRA requirements is required to notify its group health plan administrator within 30 days after an employee’s employment ...

How is whole life insurance cash value taxed?

As a general rule of thumb, when cash value remains inside a life insurance contract, it is not taxable. This means that as cash value grows inside a life...

What happens if you get caught driving without a license or insurance in California?

Driving without a license is a “wobbler” offense that can be charged as either a misdemeanor or an infraction. If charged as a misdemeanor, the maximum pe...

Why did my life insurance premium go down?

Insurance companies have three years to transition to the new system that uses simulation models to estimate the necessary reserves to cover future claims...