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
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.
The insurance industry must learn lessons from the banking sector as, overlooking the potential risk and vulnerability may prove costly to all stakeholders
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
Life insurers can provide cash-flow through annuities for old-age financial requirements. For that, the government should issue very
long-term bonds for pension funds to invest
The last quarter is always the most productive for the life insurance sector because during this quarter all concerned work hard to accomplish their respective targets and the potential buyers see long term advantage in the d
LIC and other major players have to lead insurers in asset management techniques, product development and cater to those who depend on insurance for meeting their long-term needs.
During the tenure of a life insurance policy, the customer experiences several moments of truth, which must be graced with due empathy. Sadly, the ground reality is far from the desired standards of professional and ethical m
For financial freedom to be real and meaningful, the tool of insurance needs to be popularised and provided to all citizens with convenience to purchase and maintain.
Life insurance is a long-term contract. Check your insurance company’s reputation, its claim settlement record and whether it has a trained workforce before signing on the dotted line
These days storing data is not an issue and the best use of such data is to analyse them for better decision making and strategising leading to more customer satisfaction and faster growth.
It is necessary for every young person to decide on buying life insurance policies well on time, when he is eligible for maximum life insurance cover on his life.
In developed economies individuals tend to be more self-reliant by adopting various financial tools so that they live their life with dignity and comfort.
IT is commonly believed that life insurance plans are meant for saving on individual taxes. This belief is further reinforced by reports appearing in the media during the last quarter of the financial year when people start t
Prime Minister Narendra Modi has been vigorously pursuing the agenda of converting the country’s socio-economic landscape into a digital highway for faster and more inclusive growth.
In spite of a long-term contract, the promised services as per the insurance contract are available to policyholders or to their nominees only if the policies are renewed by paying the contracted instalments of premium on or
Alife insurance policy is a long-term contract between the policyholder and the insurer for financial protection to the dependents if the policyholder dies during the tenure of the policy.
