For a vehicle owner, it reduces the hassle of renewing the policy every year. The customer can buy policy once and get a peace of mind for 3 to5 years.
The life insurer is in talks with Vijaya Bank and India Post among several others for a bancassurance partnership. On the other hand, SBI says it will continue to work exclusively with SBI Life
Aon does not have an insurance broking licence in India and had exited its Aon Global joint venture citing 'regulatory changes'
After the misselling complaints during the pre-2010 Ulips era, another trust deficit could prove detrimental to the insurance sector.
The statement by the insurance companies said that this move will benefit over 1.3 million policyholders of the company.
The insurance regulator allowed PE firms to become insurance company promoters subject to a five-year lock in
If you are buying a health Insurance policy, you should know the recent tax changes associated with it.
The gross direct premium by brokers grew from around Rs 19,274 crores in FY15 to almost Rs 30,000 crore in FY18.
The licence had been revoked based on some past observations
Always pick the right policy for yourself basis cost vs value proposition. Don’t just look at the premium paid for the policy but the overall value being offered.
Despite multiple requests from interested foreign partners, sources said that the government will not be making any changes on this front.
The life insurance company will divide cities into different zones and have products suited for that location
This round of funding also saw participation by existing investor Narayana Murthy’s Catamaran Ventures.
For generating better returns and making money use the switching and premium redirection facility offered by ULIPs.
Insurance companies are changing branding, product strategy to promote living rather than death benefits for which they were originally conceived
The reinsurer which is a large player in the domestic market is expecting the order of preference regulations to be in their favour
The incurred claims ratio rose to 94.47 percent in Q4FY18 as against 69.97 percent a year ago.
Life insurers have better rates of policy digitisation than general insurance
There is no doubt in saying that cancer carries a significant healthcare cost which can add up at the time during the course of the year.
Insurers will be asked to provide reasons for non-compliance of the rules to only offer e-insurance
While vacation may be a time to relax, things could take a serious downturn if you have a medical emergency, lose your passport or luggage.
Consumers should understand their needs before buying or investing in a life insurance policy as there are diverse investment options.
The general insurance company is a joint venture between SBI and Australia's IAG
Insurance companies could face tough competition from Amazon and Google in attracting customers
Two reasons can be attributed to the abysmal state of affairs in crop insurance. One is operational and second is fiscal in general and financial in particular.