Insurance

Income guaranteed for life! Canara HSBC Oriental Bank of Commerce Life Insurance launches new plan

Guaranteed Income4Life plan is a non-linked, non-par individual life insurance savings cum protection plan
rupee

Standard professional indemnity policy for insurance intermediaries soon; IRDAI committee recommends details

An insurance broker or corporate agent/agent, web aggregator or insurance marketing firm etc. are recognised as intermediaries in the insurance industry.

standard insurance product

Term Plan: 10-year delay in buying costs a 35-year-old 70% more, says India’s first insurance price index

PolicyX.com claimed that the insurance price index uses concepts of indexing and basic statistics.

insurance

Bajaj Allianz Life strengthens agency channel

The company's agency channel has become one of the the fastest-growing channels with a 23% year-on-year growth in December. The company added over 3,000 agents in the month alone.

Bajaj Allianz has 1,07,979 insurance agents pan India with average ticket size at Rs 63,165.

IRDAI group suggests introduction of Traffic Violation Premium

The group has recommended inserting a fifth section to motor insurance called "Traffic Violation Premium" in addition to motor own damage insurance, basic third party insurance, additional third party

IRDAI group suggests introduction of Traffic Violation Premium

Your Money: Pvt life insurers see low growth in Dec premium

Growth in the protection segment has likely moderated from peak levels observed in H1FY21, reducing contribution to quarterly APE

This is likely following recent tariff hikes by large players and lower risk aversion among consumers driving slowdown in retail protection.

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.

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Digit Insurance becomes first unicorn of 2021

Digit claims to have also garnered profits in all three quarters of the current financial year.

In January last year, the company had raised about $84 million from a clutch of investors at a valuation of over $800 million.

Union Budget 2021 Expectations — Life Insurance: Tax sops needed to boost penetration

Union Budget 2021 Expectations for Insurance Sector: A relook at GST on term, pension and annuity products is needed even as tax deduction for life insurance premium should be made available under the

Insurance Sector Budget 2021 Expectations, Budget 2021 Expectations for Insurance Sector

Here’s how IRDAI wants insurers to settle cashless health insurance claims for Covid-19 treatment

IRDAI has issued guidance to insurers on settling of cashless health insurance claims for Covid-19 treatment.

cashless health insurance claims, Covid-19 treatment, Reference Rates, IRDAI, GIC,

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
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