• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Site Logo

BasuNivesh

Personal Finance Blog

  • Home
  • Service
    • Fee-Only Financial Planning Service
    • Financial Wellness Session
  • Blog
  • Old Articles
  • About Us
  • Contact us
  • Media
  • Search

How to complain against Insurance Company?

Insurance is the long term contract you enter with Insurance Company. But during that period you may face few service related problems from Insurance Companies. Those may be like-not received your policy, dispute regarding premium paid or payable, delay in claim settlement, claim rejection, or regarding few terms and conditions. In that case it is better to know how you need to approach and what are your rights. Let us discuss about it in detail.

Before proceed let us know the turnaround time provided from IRDA for each type of services.

COMPLAINT-1

So as per above table if your Insurance company not resolved your grievance then the next step is to contact Grievance Redressal Officer of your Insurance company of it’s branch or any other branch. Below is the list of official mail ids of life insurance companies. Provided the available non-personal ids only. Hence you may not see few companies in below list.

COMPLAINT-2

Below is the list of official mail ids of General Insurance companies. Provided the available non-personal ids only. Hence you may not see few companies in below list.

COMPLAINT-3

When you give complaints then dont forget to take the acknowledgement of the same from Insurance Company. Insurance company need to act within 15 days about your complaint. If they not resolved or you are not satisfied then the next step is approach Grievance Redressal Cell of IRDA. You can reach through Toll Free No.155255 or complaints@irda.gov.in. You can also utilise the facility of IRDA “Integrated Grievance Management System (IGMS)” too, which is the tool to track your complaints.

You can send letter to IRDA to the below mentioned address.

Consumer Affairs Department
Insurance Regulatory and Development Authority
3-5-817/818, United India Towers, 9th Floor
Hyderguda, Basheerbagh
Hyderabad – 500 029.

The next step if not resolved is, Insurance Ombudsman/Court/Consumer forum. Govt have created 12 ombudsman in different locations like-Mumbai, Lucknow, Kolkata, Kochi, Hyderabad, Guwahati, Delhi, Chennai, Chandigarh, Bhubaneshwar, Bhopal and Ahmedabad.

But to approach Ombudsman their are certain conditions like maximum limit is 20 lakh, you need to approach within one year of rejection by your insurance company and if the complaint is already lodged with court or consumer forum then you are not eligible to lodge the complaints with Ombudsman.

Hope I made it as simple as possible to grasp the basic function of complaining. I mainly concentrated on Insurance Company and IRDA, thinking your problems may get resolved under these two steps 🙂

 

About Basavaraj Tonagatti

Basavaraj Tonagatti is the man behind this blog. He is SEBI Registered Investment Adviser who is practicing Fee-Only Financial Planning Process and also an Independent Certified Financial Planner (CFP), engaged in blogging since 7 years. BasuNivesh blog is ranked as one among India's Top 10 Personal Finance Blog. He is not associated with any Financial product/service provider. The purpose of this blog is to "Spread personal finance awareness and make them to take informed financial decisions." Please note that the views given in this Blog/Comments Section/Forum are clarifications meant for reference and guidance of the readers to explore further on the topics/queries raised and take informed decisions. These should not be construed as investment advice or legal opinion."

Previous Post: « Life Insurance-How your agent may manipulate returns?
Next Post: Senior citizen health insurance-Apollo Munich’s “Optima Senior” »

Reader Interactions

Comments

  1. prabu

    July 8, 2017 at 5:41 PM

    Sir,

    HDFC LIFE Insurance customer care called of lapsed policy but i am notable to pay. But they continuously called me. But i am very much worried ever after i told not to call me. how can i make complaint about this.

    Reply
    • Basavaraj Tonagatti

      July 8, 2017 at 6:30 PM

      Prabu-You can raise your complaint at the higher level of HDFC Life.

      Reply
  2. Selvakarthi

    April 27, 2017 at 5:42 PM

    Recently (4 months before) we had an car accident, and we claimed to National Insurance, so for no reply from them.
    Is there any way to file a case in consumer court regarding the same?

    Reply
    • Basavaraj Tonagatti

      April 27, 2017 at 7:12 PM

      Selvakarthi-Four months is a long delay. Better to take charge and complaint with the ombudsman.

      Reply
      • Selvakarthi

        April 28, 2017 at 5:20 PM

        Thank you. Is there anyway i can charge in online with ombudsman and what are all the details should i provide. If any links are there please provide.

        Reply
        • Basavaraj Tonagatti

          April 28, 2017 at 6:42 PM

          Selvakarthi-As of now NO online process. You have to explain all details with proper proof.

          Reply
  3. Chandmian

    November 7, 2016 at 6:37 PM

    I paid three years 75000 Rs the company did not give any response

    Reply
    • Basavaraj Tonagatti

      November 7, 2016 at 7:13 PM

      Chandmian-What is your concern?

      Reply
  4. sneha kapoor

    September 16, 2016 at 11:05 AM

    Sir India mein koi strict penalty pade tab yeh company theek Se kaam karein.sir aap ko yeh nhi malum meri family mein 5 lakh ka claim aya tha.we got our claim from consumer forum.sir agar apki jaan pehchaan na ho toh aap police fir bhi nhi karwa skate.very weak laws in india

    Reply
    • Basavaraj Tonagatti

      September 16, 2016 at 11:11 AM

      Sneha-Yes, its fact of what you told. But they check your knowledge. If you are full of knowledge then they act swiftly otherwise they just ignore. Hence, the need of the hour is to educate yourself and bend them as per rule book.

      Reply
  5. sneha kapoor

    September 16, 2016 at 11:01 AM

    Basu Ji yeh gro koi help nhi krte hain .they don’t settle claim judiciously.even irda don’t take action they advise u to go to ombdusman.if u go to consumer forum they it will take around 4 to 5years to take your claim.health insurance or headache.India mein koi rule nhi hai.

    Reply
    • Basavaraj Tonagatti

      September 16, 2016 at 11:10 AM

      Sneha-I understand the pain. But knocking the ombudsman is the best way to give shock treatment to insurer.

      Reply
      • sneha kapoor

        September 18, 2016 at 3:05 PM

        U told me about obdusman .when we went there the judge is on long leave.reality is something different from practicality.

        Reply
        • Basavaraj Tonagatti

          September 19, 2016 at 5:40 PM

          Sneha-You no need to visit personally. You can write them and let everything be in proof. If judge is on leave then is it my fault? 🙂

          Reply
  6. Prahalad Ram

    March 3, 2015 at 3:39 PM

    Respected sir/ madam,

    With reference to the subject, I got a call from Mr Ajay – 9555976632 and offered me loan against policies. After that the executive collected documents from me. I took below policy in my name

    PRAHALAD RAM –

    Future Generali Pearls Guarantee Traditional Non Participating Money Back Plan

    Complaint SR Number 1001571785

    Policy No. Customer Id

    01237100 58577993

    Reliance Fixed Savings

    Complaint SR Number 1502232951

    Policy No. Client Id Application No.
    51910818 89389144 D8446022

    In addition they told me that the first year agent commission also credited to customer account.

    The total premium of the policies is apprx. 50000/- As per requirement I become victimized of such case in the offer of loan. Now they are cooking stories and told me that the loan has sanctioned from Adhitya Birla Finance and will be deposited in January end.

    I am totally depressed as I cannot manage the policies on such a huge premiums.

    Please advise what help can be from your esteemed organization.

    I need to cancel the policy and get my premium.

    Kindly revert with your kind advise.

    After your kind advise I will proceed to further authorities as I have record all the correspondence with Mr. Ajay and his team.

    As the policy has made after communication with them it means your agency is also involved in these frauds.

    It is my request please help me.

    & Other Landine Number

    Mr Ajay Sharma- +919555976632, Yogesh sharma 09873732170, 1130564645, 011-33216387

    Mr Saket Mathur 9990512828 Mr Rajeev &Others- +911133216475,+911133216468,+

    911133216306, +911133216305, +911130564662, +911133216366, 09582107169

    Thank you

    Prahalad Ram
    Phone: 08750282923,9680522359
    Email ID: prahaladram1988@gmail.com
    ramprahalad1988@gmail.com

    Reply
    • Basavaraj Tonagatti

      March 3, 2015 at 5:14 PM

      Prahlad-Whether you raised the issue with IRDA?

      Reply
      • prahalad ram

        March 18, 2015 at 10:18 AM

        no answer this complaint

        Reply
  7. insurance company complaints india

    March 26, 2013 at 1:12 PM

    excellent post, covers most of the details

    Reply
    • BasuNivesh

      March 26, 2013 at 5:24 PM

      Thanks 🙂

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sidebar

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest product or an exclusive offer.

Enter your email address

Categories

  • Banking
  • Consumer Rights
  • EPF and PPF
  • Insurance Planning
  • Investment Planning
  • Mutual Fund
  • Real Estate
  • Real Life Stories
  • Retirement
  • Tax Planning
  • Uncategorized

Subscribe to our YouTube Channel

Recent Posts

  • Muthoottu Mini Financiers NCD Jan 2021 – Double money in 84 MONTHS!!
  • Latest NPS exit and withdrawal Rules 2021
  • Interesting Tax Dispute – Whether Sachin Tendulkar Actor or Cricketer?
  • List of Index Funds in India 2021
  • 7.15% Power Finance Corporation NCD Bonds 2021 – Review
  • ENEMY No.1 of your investment

Are you looking for Unbiased, Simple and Conflict-Free Financial Planning Service?

We neither SELL any product nor representative of any Insurance or Mutual Fund Companies.

We offer you an unbiased Fee-Only Financial Planning Service.

GET STARTED

    Follow along on social media

Get in touch with us here

Address: Basavaraj Tonagatti,
1446, Aastha, Sir M Vishweshwarayya Layout, 5th Block, Bangalore-560056.

Phone: (+91) 9019580450

Email: tonhokrani@gmail.com

Subscribe to our newsletter

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest product or an exclusive offer.

Enter your email address

© Copyright 2020

Return to top