Terms to be specified before the sale of policy

A policy is bought as a protection to cover against uncertainties and unexpected events. When a policy is purchased, on the basis of ?exclusion claims?, some of the important risks and claims go uncovered. This fact may or may not be known to the policyholder. Hence the Delhi Consumer Court has observed that the terms and conditions of the policy should be made known to the client before the policy is purchased. A lot of times customers purchase the policies without the knowledge of exclusion claims. This ruling by the Consumer Court will enable the insured to make a correct choice in the purchase of the policy.

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