Various provisions of insurance act ensure that the interests of the policyholders are not compromised in any situation, even if insurance company becomes insolvent.
In an interview with CNBC-TV18, HDFC Vice Chairman and CEO Keki Mistry spoke about Standard Life's decision to up its stake in the company's insurance joint venture from existing 26 percent to 35 percent, at a price of Rs 95 per share.
The government today introduced the Bureau of Indian Standards Bill that seeks to establish a new quality regulator in India, which will not only mandate norms for all goods, but also services.
Birla Sun Life is a joint venture with Indian conglomerate Aditya Birla Group and is one of India‘s biggest insurance companies.
Speaking to CNBC-TV18, Hemant Contractor, chairman, Pension Fund Regulatory and Development Authority says government sponsors handling pension funds is just a legacy issue.
Insurance is a risk management technique in which buyers of insurance transfers large uncertain risk to a pool by choosing to pay a certain price called premium.
New guidelines ensure that there is a cap on charges which ensures better returns for insurance buyers. Also the insured is expected to take a long term view on his investments, which means higher accumulation of wealth.
The Corporation, which is the nation's largest institutional investor, had made a profit of Rs 21,257 crore from the equity markets in the financial year 2014 and Rs 24,373 crore in 2014-15, which is a gain of 14.65 per cent.
Traditional pension plans offer low rate of return in accumulation phase and annuities paid by pension plans are taxable in the hands of the annuitant.
Knowing the exclusions in health insurance before buying policy, ensures that you set your expectations right.
Government will divest 5 percent of its stake in Power Finance Corporation on July 27 which may fetch around Rs 1,700 crore at current market price.
Travel insurance policies ensure that you are not financially hit when things go wrong. The new age travel policies offer better coverage as compared to traditional ones.
There are many reasons behind a life insurance claim rejection. If you take right precautions, you may avoid a situation of claim rejection
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced that it has been named ...
Smart motor insurance policies offer comprehensive cover for the motor vehicle owner in addition to the statutory third party liability.
State-owned non-life insurers are "surprised" at the Rs 671-crore penalty that fair trade watchdog CCI on Thursday slapped on them for allegedly forming a cartel and rigging the tender floated by Kerala government to select insurance provider for Rashtriya Swasthya Bima Yojna.
Getting the policy in electronic format can be the first step in the right direction, following the procedures for non-life insurance claims help in claim settlement
There are statutory provisions in place to ensure that insurance buyers do get post-sales service. Insured persons can take the right steps to resolve their complaints or service requests.
While critical illness cover offers lump sum payment to insured, the health insurance policy pays for the hospitalization benefit to the extent of sum assured.
Buying a child plan is more of an emotional decision than a financial one. However, it may not be worth it, given the low cover and low return they offer.
Trading value from IRF -- on BSE, NSE and MSEI -- cumulatively stood at Rs 56,831 crore in May, latest exchange data showed. Besides, turnover in IRF in June is more than two times the figure in the same month last year.
Watch the interview of Feroze Azeez of Anand Rathi Financial Services with Sumaira Abidi and Latha Venkatesh on CNBC-TV18, in which he spoke about life insurance scheme.
Life Insurance Corporation, which has seen its market share steeply falling below the 70 per cent mark last fiscal for the first time, has set an ambitious target of selling as many as 3 crore new policies worth around Rs 31,000 crore this fiscal year.
Being a reinsurance-driven industry, more than 95 percent of the domestic aviation insurance finds reinsurers in the London market, which is the most competitive market. ls
While buying a policy online, do not get lured by low price alone. Consider the service quality element in addition to the fine print.