Ulips among most demanded insurance scheme amid young recruits; check how it gained ground over mutual funds

Almost 90% of our young new recruits said they would be investing in unit-linked insurance plans (Ulips).

Ulips, insurance scheme, most demanded insurance scheme, mutual funds, mutual funds in demand News

Car insurance: What does zero depreciation offer cover? Find out here

The unique feature of a zero depreciation cover is to extend complete protection without any co-pay options. Zero depreciation cover is only offered to vehicle with a certain threshold that considers

Car insurance, zero depreciation News

Insurance sector undergoing disruptions, trend to accelerate: Report

The insurance industry in the country is undergoing multiple disruptions in its functioning and the trend will accelerate in the future, a report says.

Insurance News

You can get no-claim bonus even if you change your insurer

– Manohar Bhat I am not satisfied with the services of my car insurer. If I change the insurer, will I get no claim bonus? – Ajit Pillai Yes, when you change your car insurer, you will be ent

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Why you must buy cancer insurance: These 3 reasons can save your life and money too

If you are the only breadwinner in your family, then you shouldn’t think twice before investing in a good insurance plan that covers you against life-threatening diseases such as cancer.

cancer insurance, save life, save money News

Individuals, marketing companies to soon be part of Irdai database

The Irdai-backed central database unveiled recently will shortly bring individual agents as well as insurance marketing firms under its ambit.

Irdai, central database unveiled, insurance marketing firms, data duplication News

General insurance companies register 9% growth in July

Compared to the first three months of the current financial year, when the growth was in double digits, sales slowed down in July largely due to negative growth in three large public sector insurers.

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Insurance policy: Here is how you are now protected even more

Irdai has ordered insurance companies to mention important policy conditions like guaranteed surrender value, types of bonuses to be declared, details of revival schemes in the policy document itself.

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General Insurance Corporation of India files draft papers for IPO

General Insurance Corporation of India (GIC Re) on Monday filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) with the Securities and Exchange Board of India (Sebi).

Insurance News

Birla Sun Life Insurance MD Pankaj Razdan explains why insurance is very challenging

The business of insurance allows me to deal with people either as customers, employees, distributors or advisers.

Insurance News

Irdai working with government to create a simple platform for KYC

Insurance Regulatory and Development Authority of India (IRDAI) today said though Aadhar is not a mandatory requirement for Know Your Customer (KYC) in the insurance sector, it is the most simple form

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How digitisation is helping insurance firms reduce the points of failure

As customers prefer instant solutions, digitisation has played a pivotal role. It is also making a noticeable impact in insurance.

Insurance News

Telematics can cut motor insurance cost for good drivers, says Irda

Motor insurance premium in future may be determined through black box-based real-time monitoring of driving habits, vehicle usage and even distances covered, as per a proposal mooted by regulator Irda

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15 insurance companies offer products covering Ayush treatment

At least 15 insurance companies are offering products that cover various systems of AYUSH treatment, the government said today.

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LIC aims new business on individual basis at Rs 38,000 cr in FY18

State-run insurance behemoth Life Insurance Corporation (LIC) has set a premium collection target from new business on individual basis at Rs 38,000 crore in the ongoing fiscal, a top official said.

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FICCI launches insurance policy to promote use of ATA Carnets among start-ups and SMEs in India

Federation of Indian Chambers of Commerce & Industry (FICCI) in association with The New India Assurance Company Limited (NIA), Besso Limited (London Insurance Brokers) and JB Boda Reinsurance Brokers

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Non-life insurers’ premium income grows 22% in Q1: Irdai

Thirty non-life insurers posted a 21.95 percent increase in their gross premium income to Rs 33,302.89 crore in the first three months of the current fiscal as compared to Rs 27,309.59 crore in the sa

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Insurance sector needs comprehensive overhaul: Report

The insurance industry needs a comprehensive overhaul across segments to boost performance as compliance cost is high and regulatory policy is less development oriented, says a report by former Irdai

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National Insurance gross premium rises 19% in FY17

State-owned National Insurance Company has recorded 18.8 per cent growth in gross premium collection at Rs 14,282 crore for the fiscal ended March 2017.

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Health insurance: A defined benefit plan or indemnity based plan; which one you should opt for

Health insurance needs vary from person to person and largely depend on the age and lifestyle of the individual.

Insurance News

Irdai spent only 40 per cent of advertisement budget in 2016-17

Unable to spend even 50 per cent of earmarked funds for insurance awareness last fiscal, Irdai is looking for innovative methods to utilise this year's advertisement budget that has been raised to Rs

Irdai, insurance, insurance advertisement, insurance advertisement budget, Insurance Regulatory and Development Authority of India,  advertisement, advertisement budget News

Why it is important to go for office package policy for insurance cover against all perils

If you want comprehensive fire policy for your office, you can look at office package policy. Such policies are designed to cater to all insurance requirements.

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Irdai to modify insurance policy covers for shops, hotels

Regulator Irdai has proposed changes in fire and allied policy covers to increase insurance penetration for dwellings, offices, hotels and shops that suffer big economic losses due to natural calamiti

Insurance News

Here’s all you need to know about the taxability of life insurance policy payouts

The general public has a common notion that the premium paid towards life insurance policies is entirely free of tax.

Insurance News

Crisis insurance: How to protect yourself against natural disasters

As India is vulnerable to natural disasters such as earthquakes, tsunamis and cyclones, here are some insurance covers which you must have to protect yourself and family during any natural calamity.

Insurance News

Health insurance among women growing: Survey

Even as 95 per cent of women are aware of health and fitness, only 74 per cent go for a checkup when they are unwell, according to a recent survey.

NASSCOM, IT, BT, Priyank Kharge, Joint House Committee, N A Haris News

Non-life insurers’ February premium up 33 per cent at Rs 10,287.74 cr

Non-life insurance companies' total premium grew 33.4 per cent to Rs 10,287.74 crore in February this year.

Insurance News
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