insurance

Premium hike: Your health insurance may soon cost 10-15% more

IRDAI has recently issued guidelines barring insurers from denying a health insurance for a series of ailments; this will push costs upwards

Free insurance from service providers not a substitute for regular policies

A holistic protection plan needs to be prepared in consultation with a financial advisor

We are now open to having JV partners, says Edelweiss General CEO

For the April to September 2019 period, the non-life insurer collected premium of Rs 51.52 crore, showing a 70.4 percent year-on-year growth.

EXCLUSIVE: Deposit insurance cover likely to see a gradual hike to Rs 3 lakh

If deposit insurance is hiked, the direct beneficiary is the customer

Strong business growth and improved margins in H1 FY20 make SBI Life a worthy buy

SBI Life Q2 net profit down 48.2% at Rs 130 crore

The insurer made a Rs 70.3 crore of provisions for diminution in value of investments in Q2FY20 compared to no such provisions in the year-ago period.

Life insurers’ new premium sees 35% YoY growth in H1FY20; LIC beats industry

LIC saw a 41.7 percent YoY increase in first year premiums in H1

Why bite-sized protection for lower-income groups makes sense

Insurers have invested in developing robust in-house systems to create an end-to-end digitalised sales experience

Policy | On deposit insurance, the system went to sleep for a quarter century

Deposit insurance in India protects up to Rs 1 lakh of a depositor’s money — an incredibly low figure by whichever way you seek to measure it. This level was fixed over a quarter century ago in 1993.

Endowment/money-back policies: Inadequate insurance, low returns

Many buy these plans in a hurry and for the sole purpose of saving on taxes

Weekly tactical pick – ICICI Prudential Life

'Sabse Pehle Life Insurance' campaign to kick off in a month

This is the Indian life insurance industry’s first joint mass media campaign aimed at increasing life insurance awareness in the country.

Cheaper, standard title insurance product on anvil

This specialty insurance product provides indemnity to property developers and the subsequent owners of the property against losses and risks related to defects in property title arising out of third-party challenges not discovered before the policy takes effect

LIC refutes wealth erosion rumours, says it is in 'sound financial health'

LIC asked its policyholders to not believe any rumours circulating on social media about the insurer's financial position

Explained: Why your property developer must have a title insurance

Liabilities related to property titles are high. But, a title insurance policy can help mitigate financial risks for the buyer.

This is how health insurance policies discriminate in India

IRDAI has barred insurers from denying a medical cover for mental health, genetic disorders and hazardous activities. But the real issue is health covers are not available for a series of conditions

New India Assurance signs inter-creditor agreements for exposure to Reliance Home Finance, Dewan Housing Finance

This is the first instance of an insurance company entering into ICAs for debt resolution.

Independent directors ask for insurance cover prior to appointment

Independent directors, who have been under the lens, are now putting D&O as a pre-condition for joining the board of an organisation.

Explained: Here is why airlines, portals can no longer mis-sell you travel insurance from Oct 1

IRDAI has said that travel insurance cannot be offered as a pre-selected default option on online portals

Why you should be an insurance crorepati

A Rs 1 crore may sound too high for a common man. But considering the cost of living in Indian metros, it is not.

Despite dip in motor sales, Shriram General Insurance eyes 30% growth in FY20 premium

Shriram General does not have OEM tie-ups, so is not dependent on auto-makers for policy sales

This could be the best time to buy a motor own-damage cover

The motor own-damage premiums have crashed since there is an intense competition among insurers to capture market share

Digital and voice behaviour: The future of insurance pricing

Risk assessments between different customers require individually identifiable characteristics that ultimately lead to a measurable difference in outcomes.

Explained: Buying a motor insurance policy? Here is how to spot a fake one

Customers must check the credentials of the seller and their IRDAI registration number; you can be jailed for 3 months (plus fined) for having a fake policy

Policy | The role of reinsurance companies in building resilience

India can consider a better investment of its disaster relief funds by buying premiums from insurers for vulnerable regions and thereby reducing the accumulation of public debt.