jayfinsol.com

What is Jay Finsol?

Jay Finsol Insurance Marketing Private Limited is an IRDAI certified company started in 2018 and is based in Coimbatore. Jay Finsol deals with Financial Products and Investments. It is an Insurance Marketing company that works in partnership with top insurance providers such as Life Insurance Corporation of India (LIC), ICICI Prudential, United India and Star Health Insurance.

Which Insurances are under Jay Finsol?

LIFE INSURANCE, GENERAL INSURANCE AND HEALTH INSURANCE

Who are the providers of insurance under Jay Finsol?

Life Insurance Corporation of India (LIC), ICICI Prudential, United India, Religare Health Insurance and Star Health Insurance, ICICI Lombard

Why Jay Finsol?

Long Term Assistance,Multiple Partner Companies,Rewards & Benefits

What is general insurance?

It’s the non-life insurance that doesn’t come under life insurance such as automobile,fire, marine,homeowners policies which provide payments depending on the loss from a particular financial event.

What is NCB(No Claim-Bonus)?

In automobile  insurance, it gives reward to the policyholder for not making a claim for the insurance

What is Term Insurance?

It provides financial protection to your family in the form of life cover/sum assured which is paid to the nominee in case of death of the person insured during the term of the policy.

Who is a nominee?

The person which you nominate who will receive the benefits of the life cover

What is Health Insurance?

It covers all the bills from consultation to treatment cost incurred when you get to the hospital.

What is cashless Hospitalization?

The hospital bill settlement is done directly through the insurance company

How do I increase/decrease the life insurance cover in my policy ?

To increase/ decrease your life insurance cover, you have to fill the form under the Change in Sum assured section. After filling the form you submit the form to the nearest branch or send it through courier.

What family floater plan ?

It’s a health insurance plan which provides coverage to the entire family rather than just an individual

What happens if the policy lapses or is discontinued?

Firstly the policyholder loses out on all the benefits of the plan. Secondly the policy cannot be withdrawn after discontinuance.

How do I apply for a loan on my policy ?

You can apply for a loan on your endowment policy after completion of the lock-in period.

What are the tax benefits ?

Tax deduction on premium paid under Section 80C of the Income Tax Act, 1961, allows exemption up to Rs. 1.5 lakh per annum.

I have not paid premiums for my policy, can I revive my policy now?

If your premium is not paid for more than 3-6 months, you will have to pay the due premium amount and submit a Personal Health Declaration form at the nearest Insurance branch.

I have paid my premium, how can I check if it is applied to my policy?

You can always login with your policy ID on the website and check on the progress

How do I change the premium payment frequency in my policy?

To change the premium payment frequency of your policy you need to submit the following documents:

  • You have to download the Request form and fill in the Change in Premium Payment Frequency section of the form.
  • Electronic Transfer Form with your bank account details and a canceled cheque of the bank account from which you wish to pay your policy premiums every month/ every six months.

After filling the form you can submit the form in the nearest branch or courier it the address

How do I pay my policy premiums?

It can be paid through any of the below option

  • Cash
  • Online
  • Cheque
How can I raise the claim?

To raise the claim you can choose any of the following:

  • Visit the website and look for claim section
  • Call at our 24 x 7 service number
  • Visit your nearest Insurance branch.
How will I receive the claim amount?

The claim amount will receive through cheque or electronic clearance system

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to the public that.

➤ IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

➤ IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.