Frequently Asked Questions

Find answers to frequently asked questions about the General Insurance Council here.

It is a system by which the losses suffered by a few are spread over many exposed to similar risks. Insurance is a protection against financial loss arising on the happening of an unexpected event.
Insurance products help you by providing a financial cushion against adverse financial burdens suffered due to unforeseen incidents.
Almost everything that has a financial value in your life and has a probability of getting lost, stolen or damaged, due to unforeseen events/circumstances can be covered through insurance. Property (both movable and immovable), vehicle, cash, household goods, health, dishonesty and also your liability towards others can be covered.
Health insurance can be purchased directly from any insurance company (many companies now also sell policies over the internet or through their call centers, in addition to their offices and field officials) or from authorized insurance intermediaries like insurance agents or insurance brokers. When dealing with intermediaries, please check that these intermediaries are licensed by IRDA. A list of all licensed insurance companies is available at
The complaint can be file with any of the bodies below: a) Respected Insurance Company. b) IRDA- Insurance Regulatory and Development Authority.
You can visit website at
You can see the list of Ombudsman in the footer of our website or by visiting

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