IRDAI has recently issued guidelines barring insurers from denying a health insurance for a series of ailments; this will push costs upwards
A holistic protection plan needs to be prepared in consultation with a financial advisor
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.
If deposit insurance is hiked, the direct beneficiary is the customer
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.
LIC saw a 41.7 percent YoY increase in first year premiums in H1
Insurers have invested in developing robust in-house systems to create an end-to-end digitalised sales experience
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.
Many buy these plans in a hurry and for the sole purpose of saving on taxes
This is the Indian life insurance industry’s first joint mass media campaign aimed at increasing life insurance awareness in the country.
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 asked its policyholders to not believe any rumours circulating on social media about the insurer's financial position
Liabilities related to property titles are high. But, a title insurance policy can help mitigate financial risks for the buyer.
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
This is the first instance of an insurance company entering into ICAs for debt resolution.
Independent directors, who have been under the lens, are now putting D&O as a pre-condition for joining the board of an organisation.
IRDAI has said that travel insurance cannot be offered as a pre-selected default option on online portals
A Rs 1 crore may sound too high for a common man. But considering the cost of living in Indian metros, it is not.
Shriram General does not have OEM tie-ups, so is not dependent on auto-makers for policy sales
The motor own-damage premiums have crashed since there is an intense competition among insurers to capture market share
Risk assessments between different customers require individually identifiable characteristics that ultimately lead to a measurable difference in outcomes.
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
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.