In endowment products, the pure protection element is lower than the one offered in pure term products.
The insurer is also taking steps to increase its digital presence in the country to reach out to the mass market.
Swiss Re expects its insurance claims from natural catastrophes for the first nine months of 2017 to amount to approximately USD 4 billion at a group level.
Insurance is not about investment and returns. It is a tool for protection and it should be perceived in its true and correct form.
Three more companies, SBI LIfe Insurance, GIC Re and ICICI Lombard General Insurance got listed on the bourses recently, with HDFC Life and New India Assurance in the line for listing in November
Bajaj Allianz General Insurance today launched a cyber-protection product for individuals
IRDAI has laid down clear-cut guidelines for insurers to calculate depreciation value of each part of the bike.
In May this year, Bharti Enterprises had appointed Sam Ghosh as the managing director of its financial services business.
The rising incidence of cancer, coupled with high treatment costs, necessitate a cancer insurance policy.
Earlier, heart and kidney ailments apart from cancer were one of the most common exclusions in health insurance products
Ebix is a leading international supplier of on-demand software and e-commerce services to the insurance, financial, e-governance and healthcare industries.
The company proposes to utilize the net proceeds of the fresh issue towards meeting future capital requirements.
G Srinivasan said that the IPO will have 80 percent secondary issue and 20 percent primary issue.
The index measuring 30 countries and covering 60 percent of the world’s population, has urged countries with unsustainable pension systems to take action now
Globally, shipment return policies are taken by large companies to cover against the losses incurred for return of the shipment and loss of revenue.
If the grace period is over and no premium has been paid to make it active again, the policy will lapse and the beneficiaries will not get any sum assured after the death of the policyholder.
XL Group will acquire a 20 percent minority stake in the insurance broking firm.
The company has declared an interim dividend of Rs 0.75 per share for the second quarter of FY18.
The regulator had brought out guidelines in April 2017 on Information and Cyber Security for insurers
Edelweiss has come out with its sector report on Insurance dated October 12, 2017. SBI Life holds momentum, ICICI Prudential Life growth normalises.
In the non-life insurance space, private sector players recorded a growth of 25.41 percent while public sector saw a 14.42 percent growth.
The standalone health insurer is also filing a health and wellness product that will cover the outpatient department.
A bench of Justices R K Agrawal and S Abdul Nazeer said that rejection of the claims on purely technical grounds in a mechanical manner will result in the "loss of confidence of policy-holders in insurance industry".
Across the service industry there is compelling evidence that to be relevant to all the rapidly changing risks and the evolving customer needs, holistic solutions need to be designed in and around the risks.
Earlier this week, State Bank of India's life insurance subsidiary, SBI Life Insurance, listed its shares on the Bombay Stock Exchange, less than a week after ICICI Lombard General Insurance (ICICI Lombard), the general insurance subsidiary of ICICI Bank did the same.