Insurance Policy

These simple financial ratios help reveal whether an insurance plan is actually worth your money.

Can you make one claim under two health insurance policies? Here's what you need to know

You can’t file a single claim under two health insurance plans, but you can coordinate benefits by submitting the claim to your primary insurer first, then to the secondary one for additional coverage.

Aim to earn 5 times of stipend cost from Bima Sakhi scheme: LIC MD & CEO

In the first year, the cost of stipend will be at Rs 840 crore. But we expect five times of the stipend cost as premium income in the first year, says Siddhartha Mohanty

Star Health launches insurance policy in Braille

It is a significant step towards ensuring that the visually-impaired can access information and make independent decisions on matters related to their health and finance, the company said

LIC warns policyholders over alleged offers to acquire existing policies

LIC told its policyholders to consult with its officials before responding to any offers

IRDAI enforces mandatory coverage for employees in private car policies

The IRDAI, in response to directives by the Madras High Court, has introduced changes to the Indian Motor Tariff 2002, making it compulsory for General Insurers to include coverage for employees under IMT-29 (Indian Motor Tariff) as an inbuilt feature within private car insurance policies.

Maharashtra: Man loses Rs 2.24 crore to insurance fraud

The caller promised to get the complainant Rs 58 lakh by facilitating the premature closure of his insurance policy, the official said citing the first information report (FIR).

Want to take out a life insurance policy? Here are the term plans on offer

While increasing and decreasing term plans may have their uses, if you are not sure whether they are right for you, a level term plan will serve you just as well

Mother’s Day 2023: 9 things to consider before buying health insurance for your mom

This Mother’s Day, on May 14, gift your mother good health with a comprehensive health insurance plan, which ensures best medical facilities and treatment for her in times of need.

Budget 2023: Tax tweak in life insurance to dent topline 10-12%, says HDFC Life chief

The Budget 2023 announcement to make changes to tax exemption policy on life insurance will likely have a 10-12 percent impact on the top-line products of HDFC Life and a five percent impact on the bottom-line products if nothing is done to mitigate the change, said Vibha Padalkar, MD and CEO, HDFC Life Insurance.

Personal Finance: A life insurance policy or fixed income investment? What to choose? 

Guaranteed life insurance plans may be a neat fit in retirement or estate planning where stable returns or passing on wealth to the next generation are being considered 

At 93 lakh in FY21, every 1 in 3 health insurance policies is sold to a woman in India

Every one in three life insurance policies in India is sold to a woman. The number of policies issued to women in FY21 stood at 93 lakh during the year.

Personal Finance | Falling prey to mis-selling of insurance policies

Beware of glib-tongued sellers of insurance policies that promise fat bonuses 

This week in personal finance: Money lessons you should teach your children; how to choose a mutual fund category

Financial literacy at a young age would include learning basics of things like income, expenses and savings, insurance and its purpose and now money works for you

Why term insurance is a must-have cover for all parents

As an American humorist said: "Fun is like life insurance; the older you get, the more it costs."

Keep these in mind for smooth settlement of life insurance claim

While Indian insurers have a healthy claim settlement ratio, some in the high 90s in terms of terms of percentage of claims settled, you should try and make sure that your family is not the one being denied the money when you are not around to stand by them.

Why we are a nation of underinsured tax savers

Tax saving and not the risk cover is the sole influencer on the insurance buying in India.

How to handle credit card debt after the death of a loved one

Death of a parent or a spouse can leave you in excruciating pain and though the wound heals over time, the void remains irreplaceable like a constant reminder. But what if you find yourself straddled with the credit card debt of your parent or spouse after the din of grief has died down? How do you cope with it? Read on to find out more.

Should you review your insurance portfolio as you turn 45?

This is an important stage of life. You should treat this stage as an opportunity to review where you stand as against where you intend to go, in terms of your financial goals.

Can you return your life insurance policy?

As per the instructions of the Insurance Regulatory and Development Authority of India (IRDAI), all the life insurance companies in India have to provide a Free-look period to consumers.

Know more about Insurance

Insurance is a risk management technique in which buyers of insurance transfers large uncertain risk to a pool by choosing to pay a certain price called premium.

Your nominee must know all about your policy

Make sure the person you nominate knows all about the policy and the claims process

Life insurance: Busting myths, one at a time

It is important that you approach life insurance with clarity as it involves both, your money and the security of your family