IRDAI asks insurers to settle Odisha train accident claims proactively, publish claims-related information on their website on a daily basis for a week, and later, on a weekly basis for a month.
In a message sent to insurance companies through the General Insurance Council, the finance ministry has sought updates on measures taken to identify Odisha train accident victims covered under Pradhan Mantri Suraksha Bima Yojana and IRCTC travel insurance, and settle their claims faster.
The launch comes after insurance regulator IRDAI asked companies to roll out such product in line with the Surrogacy Act and Surrogacy Regulations
SBI Life shall take over the policy liabilities of around two lakh policies of SILIC, backed by the policyholders’ assets, with immediate effect, IRDAI added.
Axis Small Cap Fund - Direct (G)
Axis Small Cap Fund (G)
BOI AXA M & I Fund - Direct (G)
BOI AXA M & I Fund (G)
Invesco India Infra. -Direct (G)
|S&P BSE Smallcap||31385.13||-148.55||-0.47|
|S&P BSE Midcap||27510.70||-241.05||-0.87|
|S&P BSE Capital Goods||38964.22||165.79||0.43|
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When using roadside assistance, it's crucial to understand that this service is not meant to replace comprehensive auto insurance coverage. Roadside assistance typically covers immediate breakdowns and emergencies, but it does not provide coverage for accidents, repairs or general maintenance
Eight out ten customers looking for customisation are willing to pay for additional premium, private general insurer Future Generali’s study showed
Bajaj Allianz Life Insurance has launched a pure protection term cover targeted specifically at diabetics with hbA1C levels of up to 8. It also offers a 10 percent discount on renewal premiums for those who are able to lower their average blood sugar levels.
Moneycontrol's analysis of 5-year rolling returns from ULIPs reveals impressive performance by these funds. Despite the recent attention on debt-oriented ULIPs following the removal of capital gains tax for debt mutual funds, it is still ideal to separate insurance and investment. Here are the top performing ULIP debt funds
Retail health and motor premiums won’t go up due to rise in global reinsurance rates as these are retained by insurers themselves, but fire and engineering might climb due to rise in reinsurance premiums, says Kishore Kumar Poludasu.
The Bima ‘trinity’ – Bima Sugam, along with Bima Vistaar and Bima Vaahak – will be a game-changer for the insurance sector and help create more jobs, IRDAI chairman Debasish Panda has said
The recently announced 20% tax collected at source on international spends via credit cards has come as a rude shock to those planning a holiday abroad. But it’s worth remembering that these are not the only overseas spends that attract TCS. In a conversation with Moneycontrol, Rohinton Sidhwa, partner, Deloitte India, talks about how your foreign investments are impacted by TCS.