Insurance

Why it is a good time to invest in market-linked products – Find out

Your financial roadmap must talk about robust planning for not just the ongoing COVID-19 pandemic but also some common unforeseen circumstances, like death, disease and disability.

How to reactivate a lapsed life insurance policy?

Has your life insurance policy lapsed owing to any unavoidable reason? Here's how you can revive a lapsed policy.

Why it is important to renew motor insurance despite the pandemic

Motor insurance covers the risk of your vehicle getting damaged due to cyclone, earthquake, natural calamities, building collapse, stone falling, fire, theft etc, while your vehicle stationed.

motor insurance renewal

Holding multiple health covers? Here is how cashless and reimbursement claims work

If the amount to be claimed exceeds the sum insured under a single policy, the policyholder has the right to choose the insurer from whom he or she wants to claim the balance amount.

how cashless and reimbursement claims work

Your Money: Insurance – Peace of mind and tax benefits, too

Section 80C includes an exhaustive list of investments on which you can claim tax deduction while filing for your taxes. Some of these are Employee Provident Fund, Public Provident Fund, life insuranc

IRDAI permits insurers to sell short-term Covid policies till March 2022

Amid rising number of coronavirus cases in the country, IRDAI had last year asked all insurance companies to come out with 'Corona Kavach' policies (standard indemnity based health policy) and Corona

IRDAI on Covid policies

Life insurance: Upward trend in premium growth of private players

Buoyant capital markets supporting revival in Ulips and continued strong momentum in non-par savings and annuity segments are likely drivers

Buoyant capital markets supporting revival in unit-linked insurance plans (Ulips) and continued strong momentum in non-par savings and annuity segments are likely drivers for private players.

Cyber risks: Irdai issues cyber insurance product norms

The guidance will improve the development of the cyber insurance market with new products and enhance benefits for policyholders

At present, general insurance companies are offering cyber insurance products with exclusive coverage for individuals to protect against cyber perils. The policies cover first party losses such as direct financial loss, data recovery and regulatory actions.

Maharashtra: Over 7 lakh farmers call insurance firms to inform about crop damages due to excessive rain

Besides crop damage, the farmers also informed about washing away of their farm soil, damages caused to cattle sheds and other issues

seven lakh ,maharshtra farmers, current monsoon season, armers call insurance firms, crop damage, state agricultural commissionerate's chief statistical officer Vinaykumar Awate

Is the maturity amount of life insurance policies tax-free?

In a typical traditional policy, the maturity amount comprises of the amount of sum assured and the total of bonuses accrued over the years.

money back policy maturity amount, taxable, taxability, tax-free, life insurance policies, exempt under section 10 10d, LIC policy,

Your Money: Six factors to consider when selecting a life insurance firm

The second half of 2020-21 saw a 16% year-on-year business premium growth, with more people preferring to buy single premium policies (as a protection against future loss of income).

HDFC Life to acquire 100% stake in Exide Life Insurance. Here’s what customers need to know

HDFC Life will acquire 100% stake in Exide Life Insurance from Exide Industries via issuance of 8,70,22,222 shares at an issue price of Rs. 685 per share and a cash payout of Rs.  726 crore aggregati

insurance

Covid-19 claim rejected? Here’s how to lodge complaint with insurer, Ombudsman and consumer court

Health insurance companies have received a total of 23.06 lakh claims worth Rs 29,341 crore as on August 6, 2021, while they have settled Rs 17,813 crore involving 18.99 lakh claims so far.

Covid-19, Coronavirus, Health insurance, claim, complaint, insurance companies

Key things to keep in mind while buying health insurance plans for children at different stages of life

The right approach to choosing the best health insurance policy for children would be according to key life cycle milestones, such as:

insurance for children

Edelweiss Total Protect Plus Term Life Insurance Plan offers cover up to 100 Years. Check key features

Edelweiss Tokio Life Insurance recently launched a new term life insurance plan - Total Protect Plus, which has been designed to protect the financial future of the insured and his/her family.

term life insurance

Aditya Birla Sun Life Insurance cuts premium rates by 15% on term plan with sum assured upto Rs 3 crore

Aditya Birla Sun Life Insurance (ABSLI) has announced a reduction in the premium rates in ABSLI DigiShield Plan by up to 15 per cent

money

How to select a good health insurance plan for senior citizens

Careful selection of a health insurance policy for the elderly is a must to make the overall experience worthwhile

health insurance

LIC launches Arogya Rakshak individual health insurance cover

This plan provides fixed-benefit health insurance cover against certain specified health risks and provides timely support in case of medical emergencies.

LIC insurance

Embedded Value: How need for life insurance changes at each life stage

A young man at the threshold of his working life is a potential wealth creator not only for himself but also for his parents, spouse and children; and his sudden demise because of sickness or accident

Why it is important to add riders to your insurance policy

Riders, when chosen appropriately, can help you get benefits that are much needed in addition to the benefits under an insurance policy.

Own a car? Check top mistakes to avoid while buying a motor insurance plan

Motor insurance plans are not just meant for compliance and adherence to rules as only third party insurance is mandatory and not the comprehensive one.

motor insurance

No Claim Bonus in Health Insurance: Here’s all you need to know about

To beat medical inflation, No Claim Bonus is a great way to enhance your sum insured without paying anything extra from your own pocket.

Consumers are buying more comprehensive covers & also top-ups to existing plans: Mayank Bathwal, CEO, Aditya Birla Health Insurance

In the retail business, anything between 60-62% or thereabout comes from banks for us. Agencies contribute about 23-24%.

Mayank Bathwal, CEO, Aditya Birla Health Insurance

SBI Research: AB-PMJAY, MGNREGA can help increase insurance cover in unorganised sector – here’s how

MGNREGA has provided livelihood security till now. However, SBI Research proposes that it can be used as a provider of social security as well.

insurance
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