Although, most people rely on insurance cover, claims can often be a hassle for the consumer. In such cases, one can easily approach the office of the insurance ombudsman, specifically appointed by the government to look into such matters.
On a day when all the opposition parties and even some supporters of the United Progressive Alliance (UPA) government organised a nation-wide bandh over the recent steps taken by the Centre, sources say that the government is likely to go ahead with more reform measures.
In an interview to CNBC-TV18 Harshvardhan Roongta of Roongta Securities explained the importance of taking an accident cover and answered personal finance queries.
Selecting insurance products can be confusing. However, individuals usually seek two kinds of products - endowment and money back plans, and generally, there is a confusion in differentiating the two. Certified Financial Planner Gaurav Mashruwala explains the difference.
There are many people today who either dont think about insurance as something that needs to be managed, or who are not very aware of the policies that they hold.
CNBC-TV18's Rituparna Bhuyan reports, quoting sources, that the UPA's coordination meet on Wednesday would be dominated by the CAG reports and attendance by TMC supremo Mamata Banerjee.
As European banks retrench to recover from the global financial meltdown, they are finding ready buyers in Asia for everything from loans to entire insurance and broking operations.
When an investor is looking at a time horizon of about 20 years, he must have a good mix of term insurance plans and mutual fund schemes, suggests Pankaj Mathpal of Optima Money Managers.
Hemant Rustagi, Wiseinvest Advisors
Nirmal Jain, Chairman of IIFL said its brokerage income came down by 15% in the first quarter while its distribution income fell 48%. Seasonally, Q1 is weak and therefore, the company could not post good numbers, he added.
As financial services system integrator, Infosys will implement and manage India Post's core banking and insurance products in its banking and insurance operations.
It could be the big boost to market and the government's divestment agenda. Govt sources have indicated that the investment cap on insurance companies may be hiked. Insurance companies may now be allowed to invest upto 20% in market.
The monsoon session of Parliament that will begin tomorrow promises to kick up a lot of heat and dust as opposition parties are planning to raise a whole bunch of issues ranging from rising prices, economy to the drought. So what can we expect from tomorrow's session?
A scary looking man grins at the camera, benignly shaking his head with utmost sincerity. An animated devil like creature, although way less scary than his grinning human counterpart, disappears with a poof behind the grinning face.
Cashless policies mean that the health insurance company settles the bill directly with healthcare provider, whether a hospital or a nursing home. This is to reduce the direct financial burden on insured individual at the time of hospitalization.
While nearing retirement age, one should avoid risky investment ideas and focus on debt instruments, advises Hemant Rustagi, Wiseinvest Advisors. Debt funds have a role to play while investing for short to medium term because there the focus is on capital protection, he added.
The government, insurers and regulator must work together for sustainable and profitable growth of the insurance sector, an industry body has said in a report.
As an NRI, insurance can sometimes seem to be an unclear issue. But in reality, it‘s quite simple.
Insurance sector watchdog IRDA today has imposed a fine of Rs 5 lakh on Bajaj Allianz Life Insurance for violating regulations pertaining to group unit-linked policies.
The family members of a 21-year- old youth, who was crushed to death last year by a rashly driven tempo here, has been awarded a compensation of over Rs 10 lakhs by a Motor Accident Claims Tribunal (MACT).
ASAP (as soon as possible) â€“ These four letters will more or less convey the explanation of this entire article. Many people use their â€œcurrentâ€ good health as a rationale not to buy a health insurance policy immediately.
If you have liabilities such as a home loan, car loan, personal loan, or you have financial dependents and you wish to financially provide for them in your absence, you are one of the people that needs life insurance.
Insurance companies have come under the scanner of a government intelligence agency for allegedly evading service tax of over Rs 300 crore.
It seems that the mindset of insurance consumer is subtly changing lately. People are much more aware of the earlier innocuous details in their health insurance policies.
In an exclusive interview to CNBC-TV18, Radhika Gupta of Forefront Capital Management answers investors' personal finance queries.