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  • New privatization policy ready; Cabinet to discuss note on 'strategic sectors' soon Oct 19, 2020 05:16 PM IST

    New privatization policy ready; Cabinet to discuss note on 'strategic sectors' soon

    Banking and insurance will be designated as 'strategic sectors', sources told Moneycontrol. Over the long run, the Centre will have only four PSUs in strategic sectors and exit the 'non-strategic sectors' completely

  • The new Saral Jeevan Bima standard term insurance plan: Should you buy? Oct 19, 2020 10:23 AM IST

    The new Saral Jeevan Bima standard term insurance plan: Should you buy?

    In a bid to offer simple products, the insurance regulator has mandated a standardised term insurance plan

  • Tracing the staggering growth of term insurance in India over the last decade Oct 15, 2020 09:58 AM IST

    Tracing the staggering growth of term insurance in India over the last decade

    Since 2009, the number of private sector insurance companies has increased manifold, and the policies offered by them are diverse and designed specifically for your needs

  • COVID-19 treatment: Dealing with denial of cashless settlement and huge deductions in health insurance claims Oct 14, 2020 11:36 AM IST

    COVID-19 treatment: Dealing with denial of cashless settlement and huge deductions in health insurance claims

    Always have an easily accessible contingency fund and if possible a credit card handy to sail through such situations

  • The many confusions and disputes in COVID-19 insurance settlements Oct 13, 2020 10:19 AM IST

    The many confusions and disputes in COVID-19 insurance settlements

    Insurance policies generally do not reimburse expenses incurred for observation purpose

  • Here’s why risk-taking has worked well for Star Health Insurance Oct 12, 2020 12:01 PM IST

    Here’s why risk-taking has worked well for Star Health Insurance

    Unlike other health insurers, who focus on covering only healthy individuals, Star Health covers even those who have ailments such as cancer, diabetes or cardiac disease. Despite this being a risky strategy, the insurer has done well, and is on course to record 45% YoY growth in premium collection this year

  • Exclusive | LIC IPO may not happen before second quarter of FY22 Oct 08, 2020 03:15 PM IST

    Exclusive | LIC IPO may not happen before second quarter of FY22

    The government is yet to appoint book running lead managers and legal advisors. An embedded value has to be decided, the insurer has to pare its stake in a number of other listed companies and has to tweak its balance sheets to comply with regulations, and the LIC Act has to be amended in Parliament.

  • Private life insurers back in black in weighted received premiums, says Motilal Oswal report Oct 08, 2020 12:48 PM IST

    Private life insurers back in black in weighted received premiums, says Motilal Oswal report

    A report by Motilal Oswal Institutional Equities showed that after reporting six consecutive months of decline, private players’ individual weighted received premium (WRP) rebounded at 3.6 percent year-on-year (YoY) in September.

  • Term insurance: How much should your coverage amount be? Oct 07, 2020 09:48 AM IST

    Term insurance: How much should your coverage amount be?

    The term insurance cover should be calculated after factoring in existing savings and investments

  • Explained: Here’s how scores will be calculated in the new colour-coded health insurance plans Oct 06, 2020 12:11 PM IST

    Explained: Here’s how scores will be calculated in the new colour-coded health insurance plans

    Products with a score of 2 or less will be classified green, more than 2 and less than 4 will be orange, while those above 4 and up to 6 will be red. Seven parameters will be considered for the coding system.

  • Green, orange or red: These colours will reflect if a health insurance plan is simple or complex Oct 05, 2020 05:16 PM IST

    Green, orange or red: These colours will reflect if a health insurance plan is simple or complex

    Green will mean a simple product, orange a moderate product, while red will be a complex category health insurance product

  • Explained: Here are the changes LIC will have to undergo before it gets listed on exchanges Oct 05, 2020 01:01 PM IST

    Explained: Here are the changes LIC will have to undergo before it gets listed on exchanges

    For one, the LIC Act, 1956, will have to be amended to increase the capital base. Simplification of investment books and additional public disclosures are the other steps. A combination of Indian and international listing is expected to be the model.

  • Two years of PMJAY: Treatment worth Rs 15,579 crore provided, but insurers, hospitals seek better rates Oct 01, 2020 03:58 PM IST

    Two years of PMJAY: Treatment worth Rs 15,579 crore provided, but insurers, hospitals seek better rates

    Close to 12 million hospitalisation-led treatment has been provided under the Pradhan Mantri Jan Arogya Yojana. However, stakeholders are seeking an upward revision of rates for it to become sustainable for hospitals and insurers.

  • Exclusive: No single pension regulator; retirement, annuity plans will remain under IRDAI purview: Finance Ministry Oct 01, 2020 10:10 AM IST

    Exclusive: No single pension regulator; retirement, annuity plans will remain under IRDAI purview: Finance Ministry

    In 2015, PFRDA had sought permission from the government to be the sole regulator for all pension products, including those sold by insurers. With this decision, pension products across the financial sector will continue to be overseen by various regulators

  • How an expensive endowment insurance policy can strain your finances Oct 01, 2020 08:45 AM IST

    How an expensive endowment insurance policy can strain your finances

    A very high premium means that you will end up sacrificing today’s liquidity for tomorrow’s needs

  • How video KYC can simplify online buying of insurance policies Oct 01, 2020 08:20 AM IST

    How video KYC can simplify online buying of insurance policies

    IRDAI has allowed insurers and intermediaries to issue policies online. Know how the process will work

  • Online frauds: How premium of just Rs 183 can safeguard transactions worth up to Rs 50,000 Sep 29, 2020 03:17 PM IST

    Online frauds: How premium of just Rs 183 can safeguard transactions worth up to Rs 50,000

    Customers can get a cover of Rs 50,000 for a premium of Rs 183 and Rs 1 lakh cover for a premium of Rs 312 per annum.

  • EXCLUSIVE: For the first time, health segment beats motor insurance Sep 28, 2020 12:10 PM IST

    EXCLUSIVE: For the first time, health segment beats motor insurance

    IRDAI data show that while motor insurance premiums saw a 15.7 percent decline, health insurance premiums grew 13 percent YoY in the April 1-August 31 period. Demand for health products because of COVID-19, and non-renewal of vehicle insurance the main reasons.

  • Undertake 10% secondary market trades in corporate bonds on RFQ platform: IRDAI tells insurers Sep 25, 2020 08:10 PM IST

    Undertake 10% secondary market trades in corporate bonds on RFQ platform: IRDAI tells insurers

    Request for Quote (RFQ) is a platform for interaction among market participants who wish to negotiate transactions among themselves

  • Remote working: Costs rise for insurers as they scramble to ensure data security and ward off cyber risks Sep 25, 2020 11:22 AM IST

    Remote working: Costs rise for insurers as they scramble to ensure data security and ward off cyber risks

    In a bid to ensure that customer data is protected and no third-party gets access to information from their servers, insurers have had to add multiple layers of security. This has seen their costs shoot up

  • How the changes in health insurance norms from October will benefit policyholders Sep 24, 2020 11:42 AM IST

    How the changes in health insurance norms from October will benefit policyholders

    The revised policies will mean cover for more illnesses and procedures at affordable prices

  • Reliance General launches insurance gift card under sandbox guidelines Sep 23, 2020 01:23 PM IST

    Reliance General launches insurance gift card under sandbox guidelines

    The gift card with a six-month validity can be purchased online.

  • GirnarSoft to invest $20 million in InsuranceDekho Sep 22, 2020 12:56 PM IST

    GirnarSoft to invest $20 million in InsuranceDekho

    InsuranceDekho will use the funding for branding and marketing activities as well as strengthening the product and technology teams.

  • Insurance mis-selling: Nearly 10,000 complaints filed by policyholders till July Sep 21, 2020 02:36 PM IST

    Insurance mis-selling: Nearly 10,000 complaints filed by policyholders till July

    In FY20, close to 45,452 complaints were filed with IRDAI against sale practices of insurance companies.

  • Why the claim settlement ratio isn't the best measure for comparing term insurance policies Sep 21, 2020 09:21 AM IST

    Why the claim settlement ratio isn't the best measure for comparing term insurance policies

    The ratio just indicates the claims that have been settled by a company in the past

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