A health emergency may be far from your mind when you start your career, but it is best to have an adequate health cover. Likewise, motor and cyber insurance covers, too, deserve a place in your protection portfolio.
Insurers can also apply for any subclass of business like motor, health, and accident.
IRDAI has allowed higher agent commissions within the overall expense cap, modifying its August 2022 proposal to drastically cut commissions. Under the new proposal, commissions may not come down, but one can save on premiums by buying policies directly from insurers.
The IRDAI has also suggested the government to ease the minimum capital requirement of Rs 100 crore and permit the regulator to fix the amount depending upon business plans of the prospective company.
IRDA’s relaxations could see competition heating up in the insurance space in the coming years
Wedding insurance is a relatively untapped market and popular with mainly weddings that cost in excess of around Rs 50 lakh. It covers you against uncertainties beyond your control. But if you get second thoughts about your life partner and call the wedding off, the insurance doesn't offer any solace.
The insurance regulator said the amendments will promote ease of doing business and simplify the process of setting up an insurance in India.
In this edition of the Simply save podcast, Kapil Mehta - Co-founder and CEO of SecureNow Insurance Brokers - explains how to buy an independent health insurance policy and identify the right plan with the help of Moneycontrol-SecureNow Health Insurance Ratings
The rider benefit offers up to a 40 percent renewal discount or cash-back to policyholders with limited car usage. This is applicable to the own damage component, and not the mandatory third-party insurance element
In Q2, the company’s consolidated loss narrowed to Rs 186.63 crore compared to Rs 204.44 crore loss registered in the same quarter last year
A pet insurance policy offers to financially secure the overall health and well-being of your pets by taking care of treatment costs and even third-party liability if the pet happens to bite someone or damage property.
Insurance benefits could be differentiated on the basis of designation, salary, family size, or a combination of these factors.
It’s easier for diabetics to obtain health insurance policies, but not being upfront about your pre-existing conditions could result in rejection of claims
From stem cell therapy to oral chemotherapy, insurance companies are mandated to cover certain modern medical procedures. But stringent sub-limits enforced by some insurance companies may serve as a deterrent to a reasonable claim.
Co-founders Abhishek Poddar and Saurabh Arora attributed the layoffs to the tough market conditions that have plagued the startup space since earlier this year.
PB Fintech is aiming to deliver Rs 1,000 crore in profits by FY27. The company aims to increase the annual run rate for insurance premiums from Rs 10,000 crore currently to Rs 35,000 crore by FY27.
Buying a super top-up policy is a simple and cost-effective way of enhancing your health insurance cover. But watch out for the entry age barrier.
The Mumbai Insurance Ombudsman annual report shows an increase in health insurance complaints in 2021-22, on account of partial claim payout, rejection due to ‘unnecessary’ hospitalisation, amidst other COVID-19 related complaints.
Doing away with the minimum capital requirement of Rs 100 crore would allow entry of small, specialised and niche players, which would help in increased insurance penetration and density in the country.
You can only port your policy at the time of renewal. So start the process at least 45-60 days prior to the expiry of your existing policy
Spend some, save some and plan your investments and taxes. First-time salary earners should learn the ropes of money management quickly to ensure they don’t squander their money away.
Many motor insurance policies now reward good driving behaviour by reducing premiums on cars that are not used too frequently