Insuright Insurance Broking Pvt Ltd.

Imagine This....  You finally buy your dream apartment in Mumbai. After years of saving and taking a hefty home loan, you’re ready to start a new chapter. The griha-pravesh pooja is done, walls painted, furniture placed. But a few months later, you receive a legal notice : “The land on which this building stands actually belongs to our family. Your sale is invalid.” Suddenly, your dream home becomes a courtroom battle. Scary? Absolutely. And yes, such cases have happened in India. This is why Title Insurance exists — to protect your dream home from hidden ownership risks . 🔑 What is Title Insurance? Title Insurance is a specialized insurance policy that protects property owners and lenders against losses from defects in property ownership (title) . In simple words: 👉 It ensures that the home you buy is legally yours and cannot be taken away because of hidden disputes from the past . Under the RERA Act, 2016 , Title Insurance is mandatory for developers of ...

Insurance Ombudsman offices in India serve as  crucial dispute resolution mechanisms, achieving  a remarkable 94.5% complaint disposal rate in 2023-24 .  With 52,575 complaints received and 49,705 resolved, these quasi-judicial bodies demonstrate significant success in protecting policyholder interests. However, jurisdictional limitations, including a monetary cap of ₹50 lakh and specific procedural requirements, create boundaries to their effectiveness. What is an Insurance Ombudsman? The Insurance Ombudsman is an independent quasi-judicial authority established by the Government of India to resolve disputes between policyholders and insurance companies outside the traditional court system . Created under the Redressal of Public Grievances Rules in 1998 and later governed by the Insurance Ombudsman Rules 2017, this institution provides a cost-effective, efficient, and impartial grievance redressal mechanism.  Currently, 17 Insurance Ombudsman offices operate ac...