Insurance

How can insurance companies stay relevant in times of Covid-19?

The Coronavirus pandemic has impacted almost all industries across the world, including the insurance industry. This has forced insurance companies to take multiple steps to stay relevant in these cha

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Auto Insurance: Renewing your car insurance? Get an engine protector plan

During monsoons, the streets are filled with water, and there is low visibility with lesser traction on roads. All these factors witness a spike in motor insurance claims.

If you reside in a flood-prone zone, it can be a handy add-on to your already existing car insurance.

COVID-19: How to boost your financial immunity to cope up with increased stress

One could go so far to say that highly contagious Novel Coronavirus COVID-19 has re-emphasised the importance of immunity for each one of us.

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Guidelines on short-term health insurance policies for COVID–19 issued – Check details

Short term health insurance policies are permitted to be devised offering health insurance cover specific to only COVID-19.

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Car Insurance: Now pay as you drive – Check details

Over the past few weeks, a handful of insurance companies have started offering pay-as-you-drive insurance. For drivers who aren’t constantly on the road, these plans could offer an opportunity to r

On that note, we now finally have usage based motor insurance policies in India.

Covid-19 fear makes people rush for health insurance cover

Financial loss is a real issue in situations like the COVID-19 pandemic when one doesn’t know treatment costs and whether the government will pay or not.

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General insurance: Protect your assets with an insurance policy

Floods during monsoon can damage assets such as homes, manufacturing establishments, factories, shops and offices. A comprehensive insurance cover can help in such a situation

Be it your home, shop, factory or any other establishment, it takes years of hard work to accumulate a capital asset.

Fasal Bima Yojana: Fewer claims and good monsoon prediction bring down premiums

Premiums for crops exceeded 30% in as many as 53 districts in kharif 2018 and the crop insurance scheme put a heavy onus on the Central exchequer.

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Amid rising COVID-19 cases, Govt extends Rs 50 lakh insurance scheme for healthcare providers till September

Insurance Scheme for health workers in government hospitals and healthcare centres operationalised with effect from March 30, 2020, an official statement said, adding the scheme has been extended up t

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Father’s Day 2020: How to secure your father’s health in the COVID-19 era

This Father’s Day buy health insurance for your father that provides coverage to meet your family’s needs.

National Insurance Awareness Day 2020

Bigger Earthquake can’t be ruled out. Here’s how insurance can protect you from financial tremors

Insurance for earthquake damage in India: There has been a series of earthquakes of small magnitude on the Richter scale recently in Delhi-NCR and other parts of the country.

Insurance for earthquake damage in India,

Life insurance sector to see growth coming back to normal levels in medium to long term: Edelweiss

As companies are learning several lessons to deal with this pandemic, he said Edelweiss Tokio Life expects these learnings to make way for some innovative products and services during the year.

Among others, the life insurer sector is building automated customer engagement models and structures to increase digital connect.

From term insurance to investment-linked insurance, how Covid-19 may impact life insurance in India

Like most other industries, the outbreak of Covid-19 pandemic has impacted all types of insurance, including life, general and health insurance.

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Home Insurance: Residing in an earthquake, cyclone-prone area? Get your home insured right now

Apart from providing cover against natural calamities, a home insurance policy even covers your home against damages due to burglary, fire and allied perils, and equipment breakdown.

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Health Insurance: New rule set to increase your renewal premium

Recently, the IRDAI has modified the guidelines in health insurance plans with regards to the proportionate deductions that insurance companies resort to during the claim process.

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Renew Your Bike Insurance to Avoid Paying Heavy Fine

Bike insurance renewal is simple and the process can be completed online in a few steps in quick time.

Renew Your Bike Insurance to Avoid Paying Heavy Fine

Insurance Trends During Covid-19: Health in high demand, Motor lags

People feel that insurance helped to ease their stress and provide financial support during the time of COVID-19 crisis and most of them said that their claims experience matched their expectations.

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Bajaj Allianz Life insurance launches child education plan with guaranteed income – Check key features

This new-age guaranteed income life insurance plan comes with unique features like the flexibility to receive or accumulate Survival Benefits including Cash Bonus.

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Indians more concerned about mental health, finances: Survey

Covid-19 has significantly impacted financial stability across key markets, with up to a 1/3 feeling overwhelmed and anxious about finances.

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Good news for ICICI Prudential policyholders! Get 15 per cent more bonus payout

A bonus from an insurer is the share of profit generated by the company's participating policyholders' funds. All participating policies inforce as of March 2020 are eligible for bonus, which will be

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Max Life Insurance launches Ulip with return of mortality charges at maturity – Check features

In Max Life Flexi Wealth Plus Plan, one can personalize their unit-linked insurance plan (ULIP) based on individual risk appetites and convenience.

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Premium underwritten by non life insurers falls up to 10% till May 2020

The data from General Insurance Council shows that general insurance in first two months of current financial year saw gross premiums at Rs 25,363.06 crore compared to Rs 28,124.13 crore in previous y

The fall in premiums was led by motor insurance, which was down due to the lower vehicles sales.

How Covid-19 may impact health insurance industry in India

The COVID-19 pandemic is challenging for the health insurance industry on various fronts; at the same time, it represents an opportunity.

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First-year premiums decline 28% this fiscal due to lockdown

However, participants in the life insurance industry say that there has been high demand for term plans, which are pure protection product by the investors.

Insurers believe that there would be demand of term plans going forward as investors have realised importance of having a basic insurance cover rather than investing in endowments plans.

ICICI Lombard allows insurance benefits for COVID-19 home treatment; to settle claims in 15 days

''This will significantly benefit those customers who wish to avail treatment for any ailment in their homes, rather than a hospital, thereby ensuring social distancing,'' the company said.

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Including mental illness in insurance policies: Supreme Court seeks reply from IRDAI, Centre

A bench of Justices R F Nariman, Navin Sinha and B R Gavai issued notice on the plea and sought their responses.

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Health insurance: Health policies to cover telemedicine costs

In order to address mis-selling of indemnity-based health insurance policies and increasing out-of-pocket expenses incurred by policyholders during treatment, IRDAI has directed all insurers to standa

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