FAG - GENERAL

Benefits Circle offers a straightforward solution. We work with leading insurance companies, enabling an easy understanding of insurance for you. We eliminate policy jargon and provide clear explanations in simple language.

This platform has been built to make buying insurance online easy. We are fiercely committed to you, whether it is to get a policy or to process a claim. At Benefits Circle, no policy is too small for us and we will go the extra mile for everyone.We do not charge any fees to you. We believe in keeping your interest & needs at the heart of everything we do.

Benefits Circle offers various insurance options to cater to your needs. You can buy health insurance or super top-up insurance tailored for both yourself and your family, parents, your in-laws. Other insurance options – motor, term, travel, pet, and cyber – will be available soon.

Benefits Circle is licensed & regulated by IRDAI & will never do marketing, distribution alliance of any insurer. This ensures our research, recommendations are never influenced by any reason other than your requirements, history, and preferences.

Underwriting of a risk involves consideration of material facts on the basis of which a decision will be taken whether to accept the risk and if so at what rate of premium.

The free-look provision to a policy means a customer has 15 days/or as given by the company from the date of the policy's receipt to revisit his purchase decision. This would essentially mean that the policyholder has the time to go through the policy fine-print, understand how the policy is going to work and convince himself that he needs such a policy before deciding to commit funds every year over the plan tenure.

The objective Make the process of buying insurance transparent, easy and fulfilling for the customer, rather than leaving him with the feeling that he has picked up what he would have otherwise not needed.

If a customer does decide within the 15-day free-look period that the policy he purchased is not suited to his requirements, the policy can be returned to the company. However, generally the entire premium paid by him is not refunded. Costs incurred by the insurance company in the form of stamp duty charges and the cost of a medical check-up, if any, is deducted before the payout is made. Additionally there might also be a deduction of risk cover charges on a proportionate basis — that is, as the life of the policyholder has been covered till such time he decides to return the policy, risk cover charges for this period may also be applicable.

Typically Insurance contracts are for one year period unless purchased a multi-year policy for 2yrs, 3yrs.

Yes renewal needs to be done as per frequency chosen in the policy.

Insurance is a contract between the insured and the insurer and the proposal form acts like offer from insured side. Moreover, it contains all the required information for the preparation of the policy which is a contract document.

No, most company insurance are valid till you work with company.