In the current race, industry chiefs and bureaucrats are in tough competition to sit on the pedestral to lead the insurance sector
Touted as the first such reform globally, a repository aims to enable customers to have paperless policies.
While insuring a joyous occasion is still an afterthought, the youth of India is at the cusp of change to ensure financial security at every stage of life.
The Finance Ministry had in November invited applications to fill up the post of IRDAI chairperson, after Vijayan's term got over in February.
A note by Morgan Stanley had said that life insurance products, particularly Ulips (unit-linked insurance plans) could appear relatively attractive from a medium- to long-term perspective.
A nominee is just the receiver of the money. He has to eventually hand over the monies to the legal heirs.
You may be aware of the standard exclusions that the policy comes with. But here are some of the less known reasons, behind auto insurance claim rejection.
Long-term capital gains were tax free in the hands of the investor before Budget 2018.
ULIPs provide market-linked returns on the investment portion while part of your premium goes into providing life insurance cover.
After purchasing a used car, the owner should get the insurance policy transferred in his name within the first 14 days of the purchase.
As long as you are earning and there are individuals financially dependent on you, a term life insurance cover is a must.
All of us have faced upheavals at home, be it due to the death of a loved one or shifting to a different location. In between all this, very often we misplace, or forget about an insurance policy. And if you don't claim it for 10 years, it will probably be too late.
The company also said that Max Life's AUM has crossed the Rs 50,000 crore mark for the first time.
One must have insurance cover for all risks because to protect against hazards and probability of loss.
These three insurers that will be merged have an average of 14,000-16,000 employees and a few thousand will be let go
The LTCG tax burden that is applicable to equity mutual funds does not extend to unit-linked insurance plans.
But for an employee, the base pay/salary is what attracts him/her to the new job.
The report said that the merger of three non-life insurers will aid capital adequacy.
The insurer’s underwriting losses came down to Rs 464.30 crore in Q3 of FY18 compared to Rs 1036.89 crore posted in the same period last fiscal.
The country’s largest general insurer was listed on the stock exchanges in November 2017.
With risk-based capital regime on the anvil, it is estimated that there will be a 30-40 percent increase in number of actuarial positions required by insurers.
Finance Minister Arun Jaitley today said the world's biggest health cover plan announced in the Budget will be cashless and not a reimbursement scheme, and promised more funds if required depending on the rollout later next financial year.
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