Given the fact that investment decisions are subjective, financial service providers are also diversifying and creating innovative avenues and means for varied customer requirements.
Growing levels of financial literacy makes many individuals consider it and the online availability adds to the accessibility of the accident covers.
If the system on which LIC is working is implemented, it could mean that only those who are expected to stay longer and exhibit certain characteristics would be taken into the system
It is estimated that almost 30-40 percent of the policies are sold through the bancassurance channel in India.
Under this health scheme, the beneficiaries need to pay only Rs 30 as registration fee for a year while central and state government pays the premium as per their sharing ratio to the insurer.
Getting a treatment abroad can be a costly affair. Having a policy that covers your overseas medical expenses seems to be an attractive proposition. However there are various critical pointers one should know.
With the monsoons in full swing across the country, taking a cover will be beneficial and will not burn a hole in one’s pocket. Remember, your regular insurance policy is of no use if you face any unfortunate accident during the acivity.
DHFL General Insurance is a general insurance venture promoted by Wadhawan Global Capital Private Limited.
If you are looking at a pure protection product to safeguard your financial responsibilities in your absence, you should buy term insurance plans.
While court cases may take time to be resolved, the petitioners stand a better chance of a favourable ruling if they move the courts in groups.
The merger between HDFC Life and Max Life is set to be reworked again after the insurance regulator recently refused to approve it in the current form.
Apart from a strong digital presence, the insurance industry must provide omni-channel access have empathy and touch elements through its physical presence and employee network on a people to people touch basis
There were a total of 1.2 lakh complaints filed against life insurance companies by policyholders in 2016-17. Three years ago, the figure was 3.75 lakh.
No project or investment can be safe without the financial protection afforded by a well thought out insurance program which is comprised of a number of different insurance policies or contracts.
The GST rate is slightly higher than the existing service tax rate. Therefore, it would result in a small increase in the insurance premium
On Monday, ICICI Prudential Life began the process of valuing the policyholder liabilities of Sahara Life for taking over their business. They have been given three weeks time to assess it.
While board policies across India Inc prohibit gender discrimination against women, incidents have cropped up. To deal with this, training across the board to remove biases is being administered.
Point of Sales person can sell only simple and easy to understand products wherein each and every benefit under the product is predefined and disclosed upfront clearly to the customer.
If it is a single premium policy or an endowment policy, the rate of tax will be 4.5 percent. In the case of a renewal premium, the tax charged will be 2.25 percent while if it is a single premium annuity plan it will be taxed at 1.8 percent.
Ensure that you buy your own health insurance policy. Otherwise, you may not have the cover when you need it most.
What is our greatest asset? Not our house, new car or investments - our ability to earn an income is the greatest asset.
The government may bring out only one initial public offering (IPO) of the proposed four state-owned insurers. Sources said that while all the five state-owned general insurers will be listed within the next two years, the government will not hurry into the process.
The most common grounds for rejection are age, pre-existing diseases, individuals working in hazardous situations, exclusions by insurance companies and filling up the wrong details in the issuance form.
A term insurance plan provides you monetary protection in case of premature death within the insurance term.
The association with Utkarsh Small Finance Bank will offer general insurance products from HDFC ERGO to the Bank’s general banking and micro banking clients across India.