What is “Know Your Policy”?
“Know Your Policy” is an essential step that helps every policyholder understand their insurance policy in detail — including its coverage, benefits, exclusions, and terms.
Most people buy insurance policies without fully understanding what’s covered and what’s not. This lack of awareness often leads to claim rejections, delays, or disputes later.
At Insurance Nidaan, we help individuals and families decode their policy documents so they can make informed decisions and avoid surprises during claim time.
Why Knowing Your Policy is Important
- Understand Your Coverage — Know exactly what your insurance covers and what it doesn’t.
- Avoid Claim Rejection — Awareness of exclusions and conditions helps prevent mistakes at claim time.
- Get the Right Value — Ensures you’re not underinsured or overpaying for limited coverage.
- Stay Updated — Helps you keep track of renewal dates, riders, and policy changes.
- Empower Yourself — You become confident and aware of your insurance rights.
FAQs on Know Your Policy
Know Your Policy means understanding every important detail of your insurance policy — including what it covers, what it excludes, how claims work, and your rights as a policyholder.
It helps you make informed decisions and avoid unpleasant surprises during a claim.
Knowing your policy helps you:
- Avoid claim rejections due to missed conditions.
- Understand your coverage limits and benefits.
- Identify if your plan truly meets your needs.
- Prevent being misled or mis-sold.
- Make smart decisions about renewals and upgrades.
Many policyholders face issues like claim rejection, short settlement, or confusion during emergencies because they never reviewed their policy terms carefully.
Not knowing your policy can lead to financial loss and unnecessary stress later.
You can:
- Go through your policy document and the benefit illustration.
- Log in to your insurer’s official portal or mobile app.
- Review the coverage, exclusions, and claim process section carefully.
- Or simply contact Insurance Nidaan — we’ll explain your policy in plain language.
Yes ✅
At Insurance Nidaan, our experts:
- Review your current policy documents.
- Explain every important clause, benefit, and exclusion.
- Help identify if you have any coverage gaps or redundant add-ons.
- Suggest necessary corrections or better options suited to your needs.
Absolutely!
We specialize in policy analysis and consolidation.
Our team can review multiple life, health, or general insurance policies together — helping you understand overlaps, missing covers, or better ways to manage them.
No. It applies to all types of insurance — health, life, motor, home, travel, or business.
Every insurance product has unique conditions, and understanding them early ensures smoother claim experience later.
