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Showing posts with the label bank locker

Simplified policy information for insurers from January 1

Starting January 1, 2024, all insurers in India will be required to provide their policyholders with a simplified policy information document (CIS). The CIS is designed to help policyholders understand the key features of their insurance policy in plain language, without having to wade through complex legal jargon. Insurance policy. CIS will include information such as The name and number of the policy type of policy (e.g., life, health, motor, etc.) sum insured, coverage period, exclusions and waiting periods, claims process. Policyholders can request a copy of their CIS from their insurance company at any time. It is important to read the CIS carefully and understand the coverage that you have purchased. If you have any questions, you should contact your insurance company directly. The IRDAI has mandated the introduction of the CIS in order to improve transparency in the insurance sector and make it easier for policyholders to understand their policies. The CIS is expected to be a v...

What are the features of a bank safety deposit box?

Whether you keep money, jewelry, bonds, silverware, valuables in your bank vault, it is very important that you keep something called "Safety" there. For the attention of our friends who have vault facilities in banks, I have posted some security warning tips that I know for your consideration. first is to choose a bank Safe deposit box. The first is to choose a bank with a safe deposit box close to home. It can safely reach the bank quickly and deposit immediately in the vault without having to carry the most important documents and precious ornaments and articles over long distances. The safe deposit box rental details should be clearly inquired from the bank manager. You should also know when the bank allows you to use the safety deposit box. You should also know when the bank allows you to use the safety deposit box. Banks usually allow customers to use safe deposit boxes from 10 am to 3:30 pm. Banks avoid providing safe deposit box service to customers aft...