ICICI Pru Life Insurance announces highest-ever annual bonus of Rs 867 crore for policyholders

Bonus is the share of profits generated by the company's participating policyholder's funds, which are added to their guaranteed maturity benefits, thus enhancing the corpus.

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Rs. 867 crore bonus for ICICI Prudential Life policyholders declared! Check eligibility

The bonus declared is the highest ever by the Company till date and is also 10 per cent higher than the bonus announced in the last fiscal.

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Health Insurance: Keep an eye on sub-limits in your policy

Even if you have a high sum assured, you will not be able to claim the entire treatment expenses if there is a sub-limit clause in your health policy

While opting for a policy with sub-limits will lower the premium to be paid, it will lead to a lower claims payout and increase the out-of-pocket expenses of the policyholder.

PLUM: Group health insurance made fast and simple

The platform enables real-time insurance design and pricing to enable firms to buy insurance in three clicks

(L-R) Co-founders Saurabh Arora and Abhishek Poddar

Review Meet: Finance minister asks states, insurance companies to expedite settlements of claims under key schemes

During a review of the Pradhan Mantri Garib Kalyan Package (PMGKP) Insurance Scheme for health workers fighting the pandemic, the minister observed that only 419 claims amounting to Rs 209.5 crore hav

Faster claim settlements have assumed greater significance in recent months, given the ferocity of the pandemic that has claimed 3.44 lakh lives in the country.

How to claim car insurance for damages caused by cyclones, other natural calamities

There are a couple of things that must be kept in mind and strictly followed to ensure that your claim is not rejected.

Not just group health policy, ACKO offers comprehensive benefits for employees: Janani Viswanathan | Interview

Acko said its new-age digital Group Medical Coverage (GMC) provides comprehensive health benefits that focus on primary care and wellness, besides hospitalisation insurance, all in one ACKO mobile App

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Buying a family floater health plan? Keep these important things in mind

Health insurance policies are usually available in two variants when it comes to covered individuals -- individual health policy and family floater health policy.

How much will Rs 10 lakh health insurance plan cost for a family of 4?

In a Family Floater plan, on paying a single premium amount, the sum insured (coverage) can be utilized by any member of the family.

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Insurance: Claiming damages due to cyclone is now easier

With Irdai calling for speedy settlement of claims, insurers are encouraging policyholders to file claims online

Insurers will encourage policyholders to use electronic communication for filing the claim and ensure digital processes for assessment of claims

Pay Rs 342 for triple insurance cover up to Rs 2 lakh! Enrollment in these govt schemes begins June 1

The coverage for both the schemes is for 1 year starting from June 1 till May 31 next year and they have to be renewed each year by paying the required premium.

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IRDAI asks insurers for speedy claims settlement in areas hit by cyclones Tauktae, Yaas

Regulator IRDAI has asked life insurers to take steps for quick settlement of life insurance claims in all the states affected by cyclones Tauktae and Yaas.


Cyclone Yaas, Taukate: IRDAI issues guidelines for Life Insurance claim settlement of victims

Cyclones Tauktae and Yaas have caused the loss of human lives and belongings in several districts of Maharashtra, Gujarat, Odisha and West Bengal.

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Health Insurance: What happens to a policy after death of an insured member?

With many policyholders are among Covid-19 casualties, it's important to know the effect of death of an insured person on an active health insurance policy.

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How to insure yourself with term insurance amidst rising Covid-19 fear

The importance of having a term plan that covers death due to COVID-19 as well cannot be ignored especially during tough times like these when the deadly virus is infecting everyone equally.

Embedded Value: New areas of insurance unfold in Covid-19 pandemic

Health coverage during overseas trip due to flight cancellation, forced quarantine abroad at own cost, rent for house not in use, cost of vaccination are all opportunities for insurance companies

Embedded Value: New areas of insurance unfold in Covid-19 pandemic

Not following these 7 points will make Covid-19 claim difficult for you

Unexpected Covid-19 deaths have devastated families across the country. Not just emotionally, Covid has destroyed families financially as well.

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Can second Covid-19 wave lead to increased penetration of health insurance in India?

Once this ongoing crisis diminishes, one needs to look at how to secure health insurance for the family as well as how the insurance companies write the risks.

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Banks to deduct premium of Rs 12 before May 31: PMSBY scheme details

It is compulsory to give consent to join or enable the auto-debit in the bank account while joining the PMSBY scheme.

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‘Save upto Rs 1.65 lakh by buying term plan today’ alert costs Rs 24 lakh in fine to Policybazaar

Policybaaar claimed that the information in the said SMS was "neither misleading nor wrong and was based on specific information received from insurers as well as from public domain."

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Insurance: Insurers can now invest in Fund of Funds

Claims under life insurance policies can be estimated with a significant level of accuracy. This enables the insurers to invest in less liquid assets like FoF quite confidently, fetching better return

Recently, domestic private retirement funds were allowed to invest up to 5% of their investable funds in AIFs.

Savings plan offering guaranteed regular income, additional bonus launched – Check features

This savings plan provides a policyholder with the comfort of a guaranteed regular income for up to 30 years to help them achieve their evolving life goals while reaping the benefits of a comprehensiv

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Your Money: How health insurance can use data from wearables

This has also led to increase in demand of wearables and health apps. As per research firm IDC, the wearables market in India posted a 144.3% year-on-year growth in 2020.

Why are banks deducting Rs 330 from your savings account in May?

PMJJBY is a one-year life insurance scheme, renewable from year to year, offering coverage for death due to any reason, and is available to people in the age group of 18 to 50 years.

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COVID-19: Know how home hospitalisation works in health insurance policies

Considering the acute shortage of hospital beds and the rapid pace at which COVID-19 is spreading in India, insurers are also covering domiciliary hospitalization.

Insurance & real estate: Panel moots cover for allottees & successors

A few general insurance firms offer title insurance to developers, housing societies and their shareholders

The panel has suggested synchronised efforts to popularise the new insurance products so there is demand for the title insurance product from individual buyers, banks and lending institutions.

Third Party vs Comprehensive Coverage in Vehicle Insurance: Which is Better?

Comprehensive plans provide a No Claim Discount in premium for a complete claim free year.

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