Saving, financial freedom and to do extra for your rest of life is Insurance. It may be life insurance, health insurance or others. Insured people insure their part in life after death or unable to work. They live life hazardous free. There are no other ways to live better rather than do saving from your income. Insurance is a part of it.
Here I’d like to tell you the insurance negative impact on peoples, the insurance company they don’t show their terms and condition in bold letter where customer should read it properly. Insurance is very necessary to everyone in human life or in goods as well etc.
In India here, the mostly insurance company sell their product in the name of investment, but due to lacks of knowledge about the product: The insurance company executives who do generally involve in selling the insurance product without giving proper knowledge to the customer about their insurance product are generally novice. And most important thing is in India before recruiting anybody for Insurance executive job, the company they just considering 10th standard as the minimum educational qualification.
The most of the corporate are hiring most face valued insurance executive so that they can sell companies insurance policies. But it has a dark-side, process of claiming and doing the final settlement. Which are really very cumbersome and hard to regain, so most peoples do not get claims easily.
Insurance is field of Life and Death Promising Company. This is one of the important product to live life easily, but insurance company is playing as this is the product for society in companies profit and loss basis.
In what process insurance company keeps his records of customer that is also huge matter now a day’s most of customer of insurance they affects in fraud calls. If Insurance companies are keep record safely each and every customer they don’t get any fake calls in the name of insurance companies.
It is always happens with of innocent people of insurance policy holder. Such kind of cheating has existed ever the beginning of insurance as a commercial sector. It takes many forms and may occur in any areas of insurance.