http://www.bimaworld.com/forums/ Indian Insurance Community Forums en Sat, 11 Feb 2012 08:36:54 +0000 http://www.bimaworld.com/forums/topic/what-if-my-insurance-company-fails#post-1050 Thu, 04 Mar 2010 21:10:56 +0000 Pooja 1050@http://www.bimaworld.com/forums/ <p>Every insurer are required to maintain solvency margin which is monitered by IRDA on regular basis. </p> <p>Hence the chances of an insurer going backrupt is very remote, even if it happens, IRDA and Finance Ministry will take it's usaul course for recovery of public money. </p> http://www.bimaworld.com/forums/topic/what-if-my-insurance-company-fails#post-1048 Thu, 04 Mar 2010 00:58:31 +0000 anandbal795 1048@http://www.bimaworld.com/forums/ <p>If I choose an insurer, say, for a Term Plan and the company goes bankrupt what is the way out? Who will come to rescue as per IRDA? </p>