Insurance news-Insurance news

August 1, 2019

Edelweiss Tokio Life ties up with MobiKwik to offer insurance solutions

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Edelweiss Tokio Life ties up with MobiKwik to offer insurance solutions Edelweiss Tokio Life Insurance, a private life insurer, has tied up with MobiKwik, a leading fintech platform, to offer mobile-based group insurance solutions for the latter’s customers. Read More
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August 1, 2019

“How well does your seller understand your life insurance needs? “

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“How well does your seller understand your life insurance needs? For most of us, something as simple as our laptop is an essential device that we thrive on for work, play and use for an array of day-to-day tasks. While some of us are confident buying it
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August 1, 2019

The Insurance Regulatory and Development Authority of India (IRDAI), in its latest guidelines, has taken several customer-centric measures that will immensely benefit the policyholder of life insurance companies.

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The Insurance Regulatory and Development Authority of India (IRDAI) IRDAI regulations make insurance policies more rewarding on surrender, flexible to operate The Insurance Regulatory and Development Authority of India (IRDAI), in its latest guidelines, has taken several customer-centric measures that will immensely benefit the policyholder of life insurance companies.
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August 1, 2019

Mutual Funds With Free Insurance: Should You Opt Them?

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Mutual Funds With Free Insurance: Should You Opt Them? While mutual funds due to their power of compounding are now a must-have in one’s kitty to achieve long term goals, a new lure has been added to it by providing free insurance. But should you be going for
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July 31, 2019

IRDA allows insurance companies to sign inter-creditor pact

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IRDA allows insurance companies to sign inter-creditor pact The Insurance Regulatory and Development Agency (IRDA) has written a letter to the Indian Banks Association (IBA), saying it has permitted insurance companies to sign inter-creditor agreement (ICA) pact along with banks for the resolution of stressed assets.
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July 31, 2019

Why critical illness insurance is key

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Why critical illness insurance is key Mumbai-based Prateek was struggling with the emotional and financial challenges of his father’s angioplasty treatment when he got another blow. He was himself diagnosed with kidney cancer. The combined bill for treating both was around Rs 10lakh. Unfortunately, the costs for therapies
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July 31, 2019

Car insurance claim: Top tips to claim damage beyond vehicle repair

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Car insurance claim: Top tips to claim damage beyond vehicle repair A car insurance claim has some norms that ensure claim damage beyond repair. These norms include time information to the insurance company, proper documentation which the insurance company and its surveyor needs to support your claim and
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July 31, 2019

Budget 2019 tweaks taxes on insurance maturity proceeds

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Budget 2019 tweaks taxes on insurance maturity proceeds Life insurance is a popular product amongst Indians. But a lot of taxpayers do not understand how receipts after the maturity of a life insurance policy are taxed. TDS (tax deducted at source) also comes into play in cases where
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July 31, 2019

How well does your seller understand your life insurance needs?

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How well does your seller understand your life insurance needs? For most of us, something as simple as our laptop is an essential device that we thrive on for work, play and use for an array of day-to-day tasks. While some of us are confident buying it
Read More
July 30, 2019

Two-wheeler insurance: Different types of policies explained

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Two-wheeler insurance: Different types of policies explained Two-wheelers are extremely popular in India owing to their high practicality; they are one of the most convenient means of transportation since they are able to easily manoeuvre through heavy traffic and even negotiate stuffy alleys. Beyond that, two-wheelers are also
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July 30, 2019

Buying a travel insurance plan will cover you from unforseen events

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Buying a travel insurance plan will cover you from unforseen events Most of the European countries require Schengen travel insurance before they grant you a Schengen visa. Even if you are traveling to a country where buying travel insurance is not mandatory, you should always have travel insurance
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July 30, 2019

Smart Tips To Buying Health Insurance Policy

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Smart Tips To Buying Health Insurance Policy Choosing the right health insurance plan is a serious decision as health is of paramount importance. Good health ensures peace of mind and a sense of security for individuals and their family too. A good health insurance policy provides financial protection
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July 30, 2019

Things you overlook while buying vehicle insurance

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Things you overlook while buying vehicle insurance A funny joke about motor insurance goes, “I collided with a stationary truck coming the other way.” But motor insurance is no laughing matter. From attempting to cut corners by reducing costs to depreciation, there are a host of items that
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July 30, 2019

Insurance for a low-income group: Top five benefits that tailor-made insurance schemes provide

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Insurance for a low-income group: Top five benefits that tailor-made insurance schemes provide Insurance for the low-income group: Vector-borne diseases are fast becoming fatal among the low-income group section of the society. People with the high-income group can avail mediclaim facility but what about the low-income group people
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July 30, 2019

Strong distribution helps private insurers

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Strong distribution helps private insurers The insurance industry in India is a fast growing market with life dominating value and non-life taking pole position for volume. Currently, 68 companies operate in the country. Since the industry was opened to private sector in 2001, it has witnessed several changes (regulatory
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July 30, 2019

IRDAI to give green signal to sandbox experiment soon

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IRDAI to give green signal to sandbox experiment soon Regulatory sandbox is an infrastructure that helps fintech players live test their products or solutions, before getting the necessary regulatory approvals for a mass launch, saving start-ups time and cost. Read More
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July 26, 2019

Embedded value: Life insurers need to be wary of Mutual Fund challenge

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Embedded value: Life insurers need to be wary of Mutual Fund challenge Assets under management (AUM) of life insurance companies stand at Rs 35,62,385 crore as on December 2018. During FY19, life insurers sold over 2,86,00,000 policies and earned premium of Rs 2,14,672 crore. When LIC was established in
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July 26, 2019

Two To Tango

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Two To Tango Two To Tango You have to have health insurance if you don’t want to strain your finances due to a medical exigency. You also need life insurance to provide financial security to your loved ones in case something were to happen to you. This
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July 26, 2019

What Kind Of Health Insurance Do You Need?

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What Kind Of Health Insurance Do You Need? Burgeoning healthcare costs and the steadily escalating instances of lifestyle diseases – even among the younger populace – have contributed to a greater awareness on the importance of Health Insurance in recent times. A very common question that
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July 26, 2019

Planning to buy health cover for your parents? 5 things to look at before opting for one

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Planning to buy health cover for your parents? 5 things to look at before opting for one We all want to provide the best possible healthcare to our parents. However, choosing the best health plan can be a daunting task. Even if one doesn’t have a separate healthcare policy
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