May 05, 2017 03:52 PM IST
Right insurance covers bought early in life can not only offer you coverage but also save money.
- May 01, 2017 12:19 PM IST
Insurance companies use the concept of anti-selection to ensure that a group consists of a mix of people so that other group does not end up compensating for one risky group.
- Apr 25, 2017 09:18 AM IST
In indemnity based insurance plans, an individual can visit their choice of healthcare provider to avail treatment. The insurer pays a fixed sum as a lump sum amount for this, which is also referred to as reimbursement.
- Apr 17, 2017 04:03 PM IST
When you miss a renewal of a health insurance policy, it can backfire at the most critical times, and you will be forced to spend from your pocket.
- Apr 13, 2017 01:54 PM IST
One of the major benefits is you can access them anywhere, any time.
- Apr 11, 2017 05:39 PM IST
Crop insurance contributed the largest to the growth with Agriculture Insurance Company of India showing a 101.3 percent growth.
- Apr 03, 2017 09:52 AM IST
The insurance industry will now have access to a panel of 13 actuaries who will be assisting them in a range of services. The panel has been put together by IRDAI from a list of candidates who had applied for the post.
- Mar 27, 2017 10:02 AM IST
Health insurance has become a more transparent means to secure your family financially against all health issues.
- Mar 24, 2017 02:31 PM IST
Term insurance is all about financial protection – it is a must for every individual with responsibilities towards their loved ones.
- Mar 23, 2017 04:54 PM IST
To buy an insurance policy without having to spend much is an art. Here are some tips to minimize the premium outgo.
- Mar 22, 2017 11:42 AM IST
For the normal person buying medical insurance is a sensible practice that has the added encouragement provided by the government in the form of a tax deduction for the premium paid U/s 80D.
- Mar 16, 2017 12:28 PM IST
The proposed health insurer, Reliance Health Insurance, will be a wholly owned subsidiary of Reliance Capital. Retail health insurance is a profitable segment for the non-life industry.
- Mar 15, 2017 01:16 PM IST
A basic health insurance plan will reimburse (within your cover limits) all your treatment related expenses if you are hospitalized. However there may be no provision to cover incidental expenses or the loss of income due to your inability to pursue your employment. This is where stand-alone hospital cash policies step in.
- Mar 10, 2017 04:34 PM IST
According to data on general insurance claims by the Insurance Brokers Association of India (IBAI), only around 3 percent health claims have been pending for more than one year.
- Mar 09, 2017 03:37 PM IST
Women should take the lead in buying health insurance policies early on in life and can then choose to add their spouse once they get married.
- Mar 08, 2017 01:26 PM IST
Women should take control of their finances. Here‘s what the empowered women should do when it comes to financial planning.
- Feb 20, 2017 06:22 PM IST
The panel would be required to give an opinion on products filed by an insurer. Further, the regulator may ask any actuary panel to investigate financial position of any insurer or to give an opinion on valuation.
- Feb 15, 2017 04:54 PM IST
On an average, premiums could go up by 20 percent. Product prices can only be revised every three years
- Feb 15, 2017 04:06 PM IST
While many informed individuals go for health insurance, they are exposed to the risks associated with errors while picking the health insurance.
- Feb 13, 2017 03:38 PM IST
If you invest in a life insurance you can avail of two kinds of tax benefits. One is by way of availing a deduction from your taxable income and the other through gaining exemption from your total income.
- Feb 13, 2017 11:37 AM IST
Health insurance policies with a cover of Rs 1 crore is becoming the new norm in the industry. With health inflation on the rise and average out-of-pocket medical expenses on the rise, insurers are increasing their cover sizes.
- Feb 09, 2017 02:20 PM IST
Combi or combination products that have the features of both life and health insurance products are expected to be back into the industry with insurers planning to bring out such products in the next financial year
- Feb 06, 2017 09:08 AM IST
Section 80D of the Income Tax Act in India allows a taxpayer to claim deductions of up to Rs. 25,000 on payment of medical insurance premium during a financial year. Senior citizens (above the age of 60 years) can claim Rs. 30,000 under this section.
- Jan 31, 2017 10:46 AM IST
The life insurance penetration is still tumbling in India, which currently is at 2.72% for the year 2015 dipping from 3.4% in the year 2011.
- Jan 30, 2017 09:00 AM IST
Purchasing health insurance is a must, not just to avail tax benefits but also to ensure that you are taken care of financially when you are not well.