The number of scams out there is unbelievable. These happen in all sectors and sadly, insurance is not exempt. Once in a while, you hear of the police uncovering some fraud insurance company.
People spend their lives savings in building a home and often it is the most prized possession for any household. Yet, if one were to conduct a survey on how many homeowners possess a home insurance cover.
Married Women's Property Act 1874 (MWP Act) was created to protect the properties owned by women from relatives, creditors and even from their own husbands.
In India insurance is not bought, it is sold. More often than not, the buyer is not aware of what insurances he should have and accepts what is sold to him by the insurance agent.
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