What would happen if the insurer company goes bankrupt? Would my family still get the insured amount in that case?


Dear 

IRDA and Insurance Act regulates all insurers . IRDA ensures quarterly audit of each insurance company and solvency margin .

In case of any early warning , IRDA would ensure that weak insurance company is merged with a strong insurance company .

So be assured that no insurer can go bankrupt . Once merged , new Insurer would honour all liabilities .

This has been happening in the industry without any harm to policy holder .

Hope this clarifies

How would you rate the answer?


Excellent Good Neutral Poor Bad

Thank you for your response..


tesz.in
Hey , can you help?
Answer this question