Embedded value: Know how life insurers make money
In almost all the predictable scenarios, the actual death claim experience is better than what is assumed for pricing each product.
Embedded value: When all else fails, life insurance works
Universalising life insurance can help citizens in case of a financial crisis, whether at individual or national level, during their lifetime as well as after death
Embedded Value: Your life insurance policy can help you now
From offering financial protection against any eventuality in the time of Covid to raising a loan to meet your daily expenses, a life insurance plan can literally be a life-saver
Embedded Value: Plan for the year with insurance as first step
Now is the time to assess where you are in relation to financial goals, tax planning & cash inflows.
Embedded Value: Covid-19 not covered by accident insurance
Life insurance claims to the extent of basic sum assured if policyholder dies due to infection by the corona virus is admissible.
Financial planning: Work on financial plan that utilises tax incentives
Good planning enables one to meet various challenges at different stages in life and also maximise growth of funds and minimise impact of inflation
Rushing to buy insurance now? Don’t end up with a wrong policy
Every year young people find employment and at least 15-20% of those who join the organised sector earn taxable income.
Rushing to buy insurance now? Don’t end up with a wrong policy
Understand the terms and conditions of each life insurance policy before you sign on the dotted line
Insurance selling: Why new firms need to show they have better products and service standards
Credibility is a by-product of a very systematic and conscious effort to live up to the expectations of the customers, not once but almost every time.
Embedded value: Can an insurance company go bankrupt?
Following the PMC Bank scam, policyholders are also worried about their investments in insurance companies. However, the Insurance Act provides several safeguards for policyholders
Embedded value: Know the risks inherent in unit-linked insurance plans
Unit-linked insurance plans are stock market investments. Policyholders should understand when to switch funds to get good returns & highest safety
Check how victims can be compensated at time of natural or man-made disasters
A group insurance cover funded jointly by the government and individuals can be used to compensate victims affected by natural or man-made disasters
Embedded value: Life insurers need to be wary of Mutual Fund challenge
If mutual funds turn their focus on those states which have been traditional grazing ground for life insurance firms, the latter could be in trouble
Why life insurers must focus on training agents
Rapid growth in new business requires agents to be trained and made productive irrespective of growth in the online or digital marketing.
Life insurance firms must take inputs from youngsters for customised products, here’s why
As the country's demography is changing fast, life insurance companies must take inputs from young people in designing customised products for them.
Providing adequate life insurance cover and annuity plans should be vision statement of insurers
The vision statement of a company describes where the organization or the company wants to be by fulfilling its mission.
Investment deadline approaching: Do not buy life insurance just to save income tax
Tax exemptions are only incentives given to encourage people to buy life insurance in the absence of a comprehensive social security system
Term policies: Why women need to buy life insurance
Policies purchased under MWP ensure that the proceeds are utilised for no other purpose than the welfare of the wife and children.
Buying insurance? Read the fine print first
Most complaints with Insurance Ombudsman reveal policyholders’ lack of understanding about insurance products.
How riders add value to your life insurance plan
The basic objective of buying life insurance is to provide maximum financial security to the dependants in case of untimely death of the policyholder.
Why most people still do not feel the need to buy insurance
Low density and penetration indicates that nothing significant has happened for Indians in insurance.
Filing an insurance claim? Keep these tips in mind
Irdai has instructed all insurers to settle claims of those affected by the recent Kerala floods as soon as possible.
Embedded value: Policyholders can question the LIC-IDBI Bank deal
Life insurers make money by investing the surplus that they accumulate every year and maintain this in a separate account known as Life Fund. The surplus is the difference between income and expenditure in the revenue account
How to grow insurance industry
There is a need to redefine potential customers and their insurance needs to ensure that the insurance industry grows at an accelerated pace.
Data analytics: The survival tool for insurers
Insurance companies have been slow to respond to changed market realities though they are sitting on mountains of data that can direct them to the needs of customers.
Embedded value: How safe are assets managed by insurers?
The insurance industry must learn lessons from the banking sector as, overlooking the potential risk and vulnerability may prove costly to all stakeholders
Life Insurance: Buying a policy? Must understand these important things
The spurt in sale of unit-linked insurance policies (Ulips) after foreign insurers entered the market in 2001 has strengthened the perception that for accumulating fund for long-term needs such as higher education for childre
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