Insurance

Cashless health insurance claim settlement for Covid-19 treatment: IRDAI issues new instructions

The IRDAI has directed all insurers to ensure that reimbursement claims under a health insurance policy should be settled as per the terms and conditions of the respective policy contract.
health insurance

Budget 2021 Expectation: Tax relaxations, incentives to enhance insurance penetration

Budget 2021 Expectations for Insurance Industry: While most lenders force the borrowers to insure the assets, purchased on loan for financial security, relaxations in taxes may make people take insura

Union Budget 2021, Budget 2020-21 Expectations for Insurance Industry, tax incentive, tax relaxation, income tax benefit u/s 80C, GST, Life Insurance, Health Insurance, Fire Insurance, Motor Insurance, Home Insurance

Insurance purchases in India shifting rapidly to online modes: Swiss Re

Consumer surveys and sales data this year show that the pandemic has rapidly raised public awareness about both health risk and insurance in India – and insurance purchases are shifting rapidly to o

Your Queries — Health Insurance — You can port from group health plan to family floater from same insurer

You can opt for a floater plan where your sister and her daughter are covered as insured members and your sister can be the proposer.

Whether paying for a two- or three-year term makes you eligible for a discount on premium depends on the product but in general, there is a long term discount available for two and three years policy tenure.

Bajaj Allianz Life AUM grows 79 pc in 10 years to cross Rs 70,000 cr

It shows that the pandemic has not impacted the company's growth much instead it could maintain a steady growth, the insurer said.

It shows that the pandemic has not impacted the company's growth much instead it could maintain a steady growth, the insurer said.

Standard Fire Insurance for homes from April 1: Up to Rs 10 lakh cover for home contents without declaration

Standard Fire Insurance: The Insurance Regulatory and Development Authority of India has issued guidelines to insurers to offer three standard products covering the risk of fire and allied perils from

standard fire insurance

Life insurance sector’s new business premium declines 3% in December

The new business or the first-year premium of 24 life insurance companies was Rs 25,079.89 crore in the same month of 2019.

LIC's new business premium declined by 15 per cent from Rs 16,861.98 crore in December 2019.

Adrosonic, Instanda join hands to rev up insurance sector’s digital transformation

Instanda CEO and Founder Tim Hardcastle said the partnerships play a key role in the insurance industry, not merely for the growth and expansion of the business involved, but also for the transformati

"The new partnership with Adrosonic is exciting as it provides the capability to new markets in North America, India, Middle East as well as Europe," he said.

Premiums for Rs 1 cr term plans starting at Rs 7,080 – Check the latest offers

If you’re looking to purchase a term insurance plan, here are the approximate annual premium costs for policies with a sum assured of Rs 1 crore currently being offered by 21 insurers in our country

Life Insurance: Times when you should not buy insurance

Never mix your insurance needs with your investment needs. If you are buying an insurance policy only to save taxes, there is a strong chance it will be a costly mistake in the long run

LIC provides another opportunity to revive lapsed policies

To encourage individuals to continue their risk cover amid the coronavirus pandemic, LIC on Thursday launched a campaign where lapsed policies can be revived.

IRDAI asks insurers to offer 3 standard products for fire, allied peril from April 1

The regulator said the Standard Fire and Special Perils (SFSP) Policy will be replaced by the three standard products -- Bharat Griha Raksha, Bharat Sookshma Udyam Suraksha and Bharat Laghu Udyam Sura

IRDAI asks insurers to offer 3 standard products for fire, allied peril from April 1

PhonePe ties up with ICICI Prudential Life Insurance, launches term plans starting at Rs 149 – Check details

This policy can be availed instantly on the app without any health check-ups and paperwork through an all-digital customer experience.

PhonePe, ICICI Prudential Life Insurance, term plans, app, pure protection plan

Budget 2021 expectations for health, life insurance: Increase Section 80C, 80D limits, experts suggest

Union Budget 2021 expectations for health, life insurance: In the wake of COVID-19 pandemic, the insurance sector is hopeful that Finance Minister Nirmala Sitharaman will announce measures that will h

Union Budget 2021 expectations

Extension of last date for employers to file ESI contribution – Know the impact

One-time relaxation has been given to those Employers who could not file Return of ESI contribution within time.

PhonePe, ICICI Prudential Life Insurance, term plans, app, pure protection plan

Settled death claims worth Rs 198.6 crore related to Covid: Amit Palta, CDO, ICICI Prudential Life Insurance

With the gradual opening up of the economy, the life insurance industry is back on a sequential growth path.

Amit Palta, chief distribution officer, ICICI Prudential Life Insurance

Insurance: Term policy as foundation for a sound financial plan

A term insurance plan can provide long-term assurance to beneficiaries, and critical care benefits to the policyholder

GoAir announces expansion of services to UAE

Currently, flights to the UAE are operated under an Air Bubble Agreement since international commercial flights to and from India remain suspended from March 23 in the wake of the coronavirus pandemic

Key developments in the Indian insurance industry in 2020

IRDAI, ever since the onset of the COVID-19 pandemic, has been leaving no stone unturned to make insurance products and services within the maximum reach of the consumers in the most convenient way po

The Year 2020 – Insurance: Ironing out the kinks in the insurance armour

From standardisation of insurance products to digitisation of onboarding policyholders, Irdai has made it easier to select and purchase the right insurance product

The insurance regulator had allowed all life insurance companies to get customer’s consent without requiring a wet signature on the hard copy of the proposal form.

Your Queries: Health Insurance- You will get continuity benefits on porting health insurance plan

Check the terms of your policy to see if treatments outside India are covered.

This is a situation that is a byproduct of Covid-19 related logistic challenges.

Travel Now: DBS Bank India feature provides automated flight insurance claims for cancellation, delays

DBS Bank India has introduced ‘Travel Now’, a one-stop travel marketplace within the digibank app.

dbs bank india

Standard travel insurance policy on offer from April 1, 2021 – Check details

The standard travel insurance policy will have the basic mandatory covers and will be uniform across the market.

Standard travel insurance policy, domestic travel, overseas travel, family floater, group cover

Catering to consumers in coronavirus times, IRDAI pushes new products, easier KYC norms

This year, the regulator's noteworthy initiatives include introduction of standard products with a view to enhance consumer confidence as well as easier Know Your Customer (KYC) norms.

insurance, IRDAI
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