India market could see a bit of correction in the short term but the market has been correcting in the last one month even though Nifty rose in the same period.
Recognising the need for term insurance plan will not only create awareness for it and make people realise its importance but also make them buy adequate protection.
Insurance penetration in India rose to 3.49 percent from 3.40 percent in FY17
As against the regulatory requirement of 1.5, the insurer’s solvency ratio stood at 2.06.
Data from the Life Insurance Council showed that LIC had collected Rs 99783.33 crore of first year premium for April to December period
The insurer provides cover for children between 3 and 25 years of age who have been diagnosed with autism for a sum assured of Rs 3 lakh.
Before we understand how to file a claim post a fire incident, it is essential to understand the policy document and read its fine print.
While the purpose and benefits of purchasing a ULIP are known to most people, the choice of investing in the right kind of ULIP is still a matter of concern as most people are unaware of the factors they must take into consideration while buying the plan.
Government agencies under the direction of a Communist Party central reform group led by President Xi Jinping are drafting a plan that would combine the China Banking Regulatory Commission (CBRC) and the China Insurance Regulatory Commission (CIRC), Bloomberg reported without naming its sources.
A film insurance policy covers loss to life or property on film sets, as well as disruptions during its release
Aegon Life has about 1100 employees strong as of now. Adil said that retention is a challenge for the industry at large.
In September 2017, Acko received the final licence (R3) from the Insurance Regulatory & Development Authority of India (IRDAI).
The insurer has a strong presence in tier-2 and tier-3 towns, especially through the touch-points of the Shriram group.
As of now, BOING on Alexa will address generic insurance related queries and very soon it will also respond to policy specific queries that require authentication of the policyholder.
Here is a round up of all major developments in the personal finance space during the week.
Global research firm Citi has initiated a sell on HDFC Life Insurance and has a neutral rating on ICICI Prudential Life Insurance Company while SBI Life Insurance is the top pick for the research firm. It believes that larger private players are likely to gain market share.
The final reinsurance regulations, which will define how the business is done in the country as well as the order of preference, will be released by end of February, said Insurance Regulatory and Development Authority of India (IRDAI) Chairman TS Vijayan.
In an overcrowded 80C limit of Rs 1.5 Lakh, life insurance seems to be struggling for space, experts say.
The general insurance market has grown at 16-18 percent over the last two years. This has been aided by strong growth in segments like motor, health as well as crop insurance.
Global reinsurers want IRDAI to support competitive market practices and give them an equal opportunity to source business
General Insurance Corporation of India (GIC Re), which is India's largest reinsurance company, has also received approval to enter Lloyd's.
Regular premium payment is the most recommended mode and it involves paying premium monthly, quarterly, half-yearly or yearly.
From now on, MISPs will be required to offer products of all companies for customers to choose.
The solvency ratio was at 2.21 at end of December 31,2017 as against the regulatory requirement of 1.5.
If you are looking for an insurance product completely from the protection point of view a term plan is the best suited option.