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Is my money safe with an insurance company?

All the insurance companies, both life and general insurance, are established players or have tied up with a foreign partner who have a proven track record and considerable

By: Manoj Aswani | 
Read Time: Less than 1 minute | 
Last Updated: 24-02-2022
Is my money safe with an insurance company?

All the insurance companies, both life and general insurance, are established players or have tied up with a foreign partner who have a proven track record and considerable experience in the insurance sector. Also, our insurance regulator (IRDA) has stringent financial norms for companies entering the sector with a stipulated liquidity buffer to be maintained to cover all unforeseen eventualities. The investments made by you are absolutely safe. This should not be a factor to decide against making insurance decisions which are the most crucial components of any person and his family's life.

Manoj Aswani
Manoj is the co-founder and COO of MyInsuranceClub. He has experience in Financial Services, Internet, Insurance and Outsourcing business. He has done his Post Graduation from XLRI, Jamshedpur.

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