InsureSmart - Magnus Nerva Corporation

05/05/2026

Covering Non Medical Expenses

The Most common Deduction Under Health Policies “Non - Medical Expenses” which is Increasingly being Inflated By Most Hospitals.

insurancetips

28/04/2026

Keep Walking In Hindi

28/04/2026

And Here In India They are In process of Acquiring Bharti Axa

Prudential Life Insurance has suspended sales for an additional 180 days after receiving more complaints related to the alleged misuse of customer funds.

29/03/2026

Never Mix Insurance & Investments.

AVOID THE TRAPS OF “Guaranteed” Returns Which are Not Guaranteed Rate of Returns , ULIPs, MoneyBackPlans , Endowment Plans

12/02/2026

RBI’s New Draft Rules on Mis-Selling of insurance and other products by banks (Effective July 1, 2026)
■ Every product needs your separate, clear, recorded consent. No bundled checkboxes. No hidden approvals.
■ Mis-selling Clearly Defined - Even if you “agreed,” it is still mis-selling if:
• The product was unsuitable for your profile
• You were misled or not given full information
• It was sold without proper consent
• It was compulsorily bundled
■ Banks must assess whether the product matches your age, income, risk tolerance, financial literacy, etc. Selling an unsuitable product itself counts as mis-selling.
■ A bank cannot force to buy insurance or any third-party product along with a loan or other service.
■ No false urgency, hidden charges, default add-ons, subscription traps, misleading pop-ups, or manipulative UI designs.
■ If mis-selling is established: Full refund of the amount paid. Compensation for financial loss
■ Banks must contact customers within 30 days to confirm they understood the product and its risks.
■ Sales calls only between 9 AM and 6 PM (unless you authorise otherwise). No coercion or misleading representations.

The burden now shifts clearly onto the bank. If a product is pushed, bundled, unsuitable, misleading, or sold through manipulation; you are legally protected. Public comments invited till March 4, 2026.

08/02/2026

Two Judgements : One from Mumbai High Court & Second from … Highly Commendable that Insurance is now becoming a Mainstream Topic in Judiciary also with Active Policy Holders resisting every Processes internally Enforced by Insurers.

Case 1. CARE Health Vs Manjula Joisar - Porting a Health Insurance Policy should Not entail Rigorous Re- Underwriting by the New Insurer theough Tele MER , Test Reports and Heavy Investigations.

Case 2 : CARE Health vs Ashwini :- an insurer cannot reject a claim In Ported Health Insurance Policy citing Un availability of Past data Due to Down time of IIB Portal . It can re verify the data directly with old insurer / Re Try after some time for portal to reapond. insured has already provided all known information.

16/01/2026

Finsafe returns with our monthly FREE WEBINAR, in Association with InsureSmart , this edition its all about "Health Insurance"
📘 What you will learn:
* How to choose a health insurance plan that truly fits your needs?
* Why corporate health insurance is NOT enough?
* Base Policy vs Super Top-Up
* How to reduce the risk of claim rejections?
* Health insurance for parents & senior citizens — what really works?

🎓 By a Senior Insurance Expert
📅 22 January | ⏰ 4 PM
📍 FREE Live Online Webinar
👉 Register now: https://finleap.finsafe.in/client/webinars?webinarId=695f6c342337ce0cde424f33
*PLEASE REGISTER USING ONLY YOUR PERSONAL EMAIL ID*

23/12/2025