Insurance Policies – the genuineness and authenticity is at stake
Are you in need of an insurance policy? Have you ever taken an insurance policy from a private insurer? Are you sure of getting back the policy amount after maturity? Well, one must ask these questions before opting for an insurance policy.
Insurance policies are in abundance and there are dozens out there to sell their dubious policies which are either bogus and carry no value at all. Insurance companies in our country are always on the prowl to hunt for customers who are naïve and fall in the trap of these deceptive insurers.
Insurance policies are tailor-made and fine-tuned in such a way that it is a financial trap, which has no way out. People in our country are beguiled and deceived by the so-called agents who roam around in search of would-be policy buyers who have no idea and inkling about the trap that is laid out for them.
Most of the policies that the private insurance players offer are full of sale gimmick and despite tall promises, nothing is implemented practically. Even big players indulge in misleading information in the initial stage and later con the customers of their savings for zero benefits.
People from different lifestyles, irrespective of their status fall prey to the dubious and bogus policies of reputed insurance companies who are out there to cheat and deceive for their gains.
The insurance regulator has the authority and wherewithal to investigate fraud claims comprehensively but despite laws in force, several cases of fraud and deception have become known in recent years.
People lose their savings and their hard-earned money within a matter of time. There is no end to this persistent menace that has claimed several victims. Nevertheless, the trend of manipulating the insurance policies continues and insurance companies are finding new ways to exploit innocent and honest customers who are naïve and have no idea of insurance policies.
Several fraud claims are mishandled and customers are misguided from the very beginning. Their claims lie unattended and eventually, the cases end up in courts for a viable judgment.
Such is the notoriety of insurance companies and their policies that there is no end to their aggressive and assertive behavior towards customers. Customers are made to believe about the handsome benefits, and the returns the policy would fetch, but the actual scenario turns out to be a debt trap for most of them.
Many malicious agents out there in the industry are on the prowl 24/7. They pretend to represent the insurance companies and con customers with their sales pitch. Such is the intensity of these agents that they trap the customers by their sweet talk and false promises.
A small piece of advice from me is that I would like to allay fears of fellow customers who have bought an insurance policy or who are planning to buy one to remain vigilant and not encourage any sort of insurance calls from dubious agents.
Always confirm and check thoroughly the nature and durability of the policy you are buying and the authenticity of the agent who is bent upon to sell you the policy.
Act smart and be alert all the time. Do not be naïve and ignorant of your needs. After all, alertness and timely action will keep you in good stead all the time.