RBI has said that any person can file a complaint with the Banking Ombudsman against a bank for improper, unsuitable sale of third party financial products like insurance.
Life insurers had sought a further tax exemption for investment into pension products. But, no such provision was made by the finance minister in his budget announcements.
Bajaj Allianz Life has seen a 41 percent growth in the individual rated premium in FY17.
As part of this proposition, the insurer has launched ICICI Pru Heart/Cancer Protect that pays part of the insurance cover amount to the customer on diagnosis of a heart ailment or cancer.
Bajaj Allianz Life has also launched a new fund that does not invest in firms operating in area of tobacco, alcohol or gambling
According to the Motor Vehicles (Amendment) Bill that has already been passed by the Lok Sabha, the maximum liability for compensation to a victim by the insurer linked to the regulated minimum premium shall be a sum of Rs 10 lakh.
Insurance companies generally provide student travel insurance to those who are between 16 to 35 years of age.
Currently, a tax of 15 percent is imposed on an average insurance premium which includes Swachh Bharat Cess and Krishi Kalyan Cess. It will increase from July 1.
International reinsurers will face a review in December this year with respect to the right to first refusal.
If the insurer fails to resolve the grievance within the stipulated time, a policyholder can approach the Insurance Regulatory and Development Authority of India (IRDAI) within a year.
The industry is seeking a zero rate for insurance or at least a rate which was among the lowest in the tax bracket.
Once you arrive at a ballpark coverage figure, let your individual circumstances dictate your precise life insurance policy combination.
The insurer has taken a conscious call to not be overdependent on one single segment like crop which has been driven by the Fasal Bima Yojana.
With CPI inflation cooling down, the repo rate cut by the monetary policy committee may be seen as early as August.
You may be surprised to know that health insurance is not that expensive compared to its necessity. A health cover needs changes as you enter different phases of your life.
Bajaj Allianz General Insurance has launched an application that uses blockchain technology to disburse travel insurance claims even before the claim is reported.
The Pradhan Mantri Fasal Bima Yojana (PMFBY) will have an increased presence since the government has allocated Rs 9000 crore for the scheme. In 2016-17, they were allocated Rs 5500 crore.
While buying a term insurance plan for yourself, it is necessary to know that term insurance not only provides you protection benefit but also comes up with many other benefits
CNBC-TV18 spoke to experts Sandeep Batra, ED, ICICI Prudential Life Insurance Company and Santosh Singh, Head of Research India, Haitong Securities to understand some of the basic elements of the Insurance sector.
The company is also mulling tie-ups with companies operating in the fitness band space so that customer data can be effectively captured.
In June 2016, Max Financial Services and HDFC had said they had received a board approval for the merger of their life insurance businesses. However, IRDAI did not clear the deal.
The life insurer launched their CritiShield Plan which will cover both cardiac as well as renal illness.
Yes you can - with heart and cancer insurance plans @ Rs 100 per month
A senior official associated with the development said the Bank wants to space out the IPO, so that they do not clash with the other issues that will come out this year.