Indian Insurance Services and Consumer Protection Laws
Fri, 04/30/2010 - 08:54 — LIG ReporterClaiming insurance can often become a very strenuous and prolonged task. In fact, insurers tend to find ways to reduce the claim amount or avoid making a settlement altogether but consumer protection laws seek to protect consumers from such deficiencies in insurance services. The Consumer Protection Act, to cater to such fraudulent practices, administers separate clauses for insurance consumer complaints, covering a diverse range of products, from general insurance to vehicle insurance.