- #1
chound
- 163
- 0
All insurance ads have this line "Insurance is a subject mater of solicitation".
What do they mean?
What do they mean?
Insurance is a subject mater of solicitation
- Thread starter chound
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SUMMARY
The phrase "Insurance is a subject matter of solicitation" is a mandatory disclaimer in Indian insurance advertisements, as required by regulatory authorities. This statement serves to clarify that the content is an advertisement, addressing concerns about consumer understanding. The discussion highlights the perception that such disclaimers may insult consumer intelligence, similar to small print warnings in loan advertisements. The necessity of this disclaimer reflects regulatory efforts to ensure transparency in the insurance market.
PREREQUISITES- Understanding of Indian insurance regulations
- Familiarity with advertising standards in financial services
- Knowledge of consumer protection laws
- Awareness of legal jargon used in financial contracts
- Research Indian Insurance Regulatory and Development Authority (IRDAI) guidelines
- Explore consumer protection laws in India
- Learn about advertising compliance in financial services
- Investigate the impact of disclaimers on consumer behavior in insurance
Insurance professionals, legal advisors, marketers in the financial sector, and consumers interested in understanding the implications of advertising regulations in the insurance industry.
- #2
Schrodinger's Dog
- 835
- 7
Insurance claims may be adjudicated by solicitors, at a wild guess. Legal jargon for if the crap hits the fan we reserve the right to take up legal advice in processing a claim perhaps?
- #3
hypatia
- 1,177
- 10
The Feds makes them put it on there ads, to make it clear that it is a ad. Because we are really dumb.
- #4
Schrodinger's Dog
- 835
- 7
That's demeaning 
if your too stupid to realize it's an advert then your too stupid to buy insurance anyway.
if your too stupid to realize it's an advert then your too stupid to buy insurance anyway.
Last edited:
- #5
turbo
Gold Member
- 3,154
- 56
I Googled on the phrase, and it is peculiar to the Indian insurance market. Apparently, Indian regulators require this disclaimer.
- #6
cristo
Staff Emeritus
Science Advisor
- 8,144
- 75
Schrödinger's Dog said:That's demeaning
It's like the small print in loan adverts over here your home is at risk if you do not keep up repayments on loans secured on it or whatever it says-- just in case you thought you were getting money for free!
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