Insurance

Consumer Alert! Are you buying online insurance from this fake website?

IRDAI has constantly issued such public notices communicating policyholders and new buyers that it does not sell any insurance products.

Used Cars, Used Cars Buyers, car registration fraud, IDV, claim settlement, IRDAI News

Health insurance: Towards a simpler customer journey

Regulation has broadened the scope of coverage and made it more inclusive—mental illness and HIV are now under the ambit of health insurance.

A current pain point for customers is that health insurance policies are too complex to understand. (Illustration: SHYAM Kumar Prasad) News

Floods in India: IRDAI issues guidelines to ease claim filing process in Karnataka floods

IRDA has issued guidelines to all General Insurance Companies and Stand Alone Health Insurance Companies to adhere to while attending to the claims of the victims involved in the floods.

Kerala Floods,Floods in Kerala, Maharashtra Floods, Karnataka Floods, Health Insurance Companies, policyholders, claim filing process, News

Explained: How to choose a term insurance policy

The insurance companies and aggregators offer term insurance calculators on their sites that help in analysing which plan suits you better.

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Want to buy life insurance with living benefits? Invest in ULIPs

If one plans and invests early in a well-organised manner, one will have fewer worries about finances not just post retirement, but also during the working years.

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Why you should opt for term insurance till your retirement age

The best way one can determine the tenure of one's life insurance policy is by determining the duration of one's financial obligations.

IRDAI New Regulations, life insurance, tax benefits on premium, millennials, Ulips, sum assured News

LIC launches much awaited cheaper term plan Jeevan Amar; know its features and eligibility

Not only LIC of India's new term plan Jeevan Amar is much cheaper than its just withdrawn Amulya Jeevan Plan, but it is also more flexible and has much wider features.

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Critical illness policy covering all family members launched: Check details

While individual health insurance plans are indemnity-plans i.e. the insurer pays the actual hospital expense, in the critical illness plans, the entire sum insured is paid by the insurer to the polic

NMC Bill, Medical Council of India, IMA News

Friendship Day 2019: Why friendship is an insured relation for life

As a support system in today's hectic world, friends are the most reliable sources for social, intellectual and creative understanding.

Friendship Day, health insurance, passport, roadside assistance, insurance News

Term Insurance: Enhance your term cover with accidental death benefit rider

When planning to buy a life insurance policy, it is often observed that most people fail to understand the various elements that together make a life insurance cover, following which they end up inves

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Life Insurance: More customer-friendly products in the offing

Irdai has introduced changes in filing new or modified products and procedures for modifications of the existing products.

Insurance News

Travelling abroad? Check out how Personal Liability gets covered under Travel Insurance

It is very important to have a personal liability coverage in your comprehensive travel plan. Here's why.

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IRDAI regulations make insurance policies more rewarding on surrender, flexible to operate

The Insurance Regulatory and Development Authority of India (IRDAI), in its latest guidelines, has taken several customer-centric measures that will immensely benefit the policyholder of life insuranc

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Fraud Alert! IRDAI asks insurers to ensure cancellation of vehicle RC in case of Total Loss

IRDAI has recently asked all general insurers to ensure cancellation of Certificate of Registration of the vehicle in case of total loss claim settlement.

Used Cars, Used Cars Buyers, car registration fraud, IDV, claim settlement, IRDAI News

Strong distribution helps private insurers

Marketing of insurance service is critical and complex due to the periodicity, claims and brand switching costs that affect buying behaviour. Distribution is one of the key determinants of succes.

Insurance News

4G ULIPs: New age investment avenue for young generation to create wealth

Among life insurance products, ULIPs are the best investment tool to create wealth, especially the new age 4th Generation ULIPs which over the years have gone through several changes.

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How to protect yourself from insurance frauds

Recently several news reports have also shown how fraudsters filed cases of natural deaths as road accident victims in order to claim money from their personal accident policies.

Used Cars, Used Cars Buyers, car registration fraud, IDV, claim settlement, IRDAI News

Motor Insurance: Is your vehicle monsoon-ready? Find out

Vehicle owners spend a large amount on the repair and maintenance of their vehicles during monsoon, and hence it is important to take primitive precautionary measures to minimize excessive damage.

car insurance, motor insurance, monsoon, car insurance policy, motor insurance policy, motor insurance policy types, importance of car insurance during monsoon, Engine Protector, Depreciation Shield News

5 most common myths about child insurance busted

As a parent, one’s most important goal would be to make sure that one’s children have a bright future and lead their lives comfortably.

Sukanya Samriddhi Yojana, SSY, small savings scheme, beti bachao beti padao, girl child, post office scheme, chil education, daughter's marriage, Post Office, SBI, HDFC Bank, online account opening News

Premium income of non-life insurers falls marginally to Rs 12,937 crore in June

On a cumulative basis, the premium of all non-life insurance companies rose 9.91 per cent to Rs 41,063.61 crore during April-June period of 2019-20.

These 25 companies had collected Rs 11,571.16 crore in June 2018 as premium income. (Representational image) News

Health Insurance: How to pick the right health cover

It is important to understand the kind of policies available and choosing the right health insurance coverage as per your health conditions and family type.

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Have you covered these risks before monsoon impacts your wallet?

There could be a financial strain on one's budget or one may even have to dip into one's investment in order to meet the expenses incurred during monsoon showers.

monsoon, investment, Health insurance, medical expenses, Engine Protector, OPD benefits News

Wary of a car breakdown during a road trip? Your insurance company will help you

RSA or Roadside Assistance is an add-on that you can take while buying a motor insurance policy or renewing it.

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Life insurance: High individual premium drives growth for private insurers

The company has increased focus on ULIPs in the past two years. Its ticket size in individual non-single segment was up moderately by 13% y-o-y/m-o-m.

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Motor insurance: Now buy standalone own damage cover

Policyholders will have the option to renew the own damage component of a bundled cover on or after September 1, with the same insurer or different insurer, on an annual basis.

Motor insurance, car insurance, standalone damage, Insurance Regulatory and Development Authority of India, Irdai, money, insurance news, policy holder, Motor Vehicles Act, News

LIC’s Nav Jeevan offers good insurance cover, tax benefits with options to pay single or limited premium

LIC’s Nav Jeevan plan is a non-linked with profit endowment assurance plan, with the options to pay either single premium or limited premium for 5 years.

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Term Insurance Vs Home Loan Insurance: Which is a better bet for you to protect your home loan?

Home loan insurance can be beneficial both for the lender and the borrower. However, it’s critical make an informed decision factoring in your financial requirements.

Home loan, RBI, MCLR, repo rate, priority sector lending, housing, News
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