Need specialised insurance products for disabled individuals, says IRDAI
There is a need to design special insurance products for disabled citizens to bring India at par with developed countries Read more
insurance products
Max Life, DCB Bank join hands to offer insurance products
Max Life Insurance has partnered with DCB Bank to provide a variety of life insurance products to the latter’s customers. Read more
IRDAI to create state insurance plan mirroring SLBCs: Panda
IRDAI is trying to create a state insurance plan in which district potential targets will be aggregated to create plans Read more
Advantage Mutual Funds after tax blow on MLDs, insurance
The Rs 40-trillion mutual fund (MF) industry is expected to benefit from stripping tax advantages off high-ticket insurance products and market-linked debentures Read more
HOPE AND HYPE IS DRIVING ONLINE SALE OF INSURANCE PRODUCTS
General insurance companies are tweaking their processes to show the difference in pricing for buying its products online. During the Read more
To grow, Life Insurers need to focus on 3 areas
Life insurance is inherently a business of trust between the insurer and the insured. Despite an optimistic start in the early part of the century, the industry has squandered away a golden opportunity to build trust.
Random investments in insurance products to save tax can cost you dear in long-run
It is a story that is told innumerable times during the first three months of every New Year. Financial advisors of every hue would recount horror tales of how individuals who rush for ‘last minute tax planning” end up with an investment portfolio of “wrong products” that doesn’t serve any purpose. Read more
Keep insurance products simple, avoid mis-selling: Chidambaram
The insurance industry can make rapid strides in India if insurers sell only simple products and avoid mis-selling, Finance Minister, P. Chidambaram said after unveiling a new brand — ‘PNB MetLife’ — in the Capital. Read more
Bid to offer extra tax sop on insurance
The finance ministry is planning to offer tax relief of up to Rs 50,000 on savings in pension and insurance products over and above the exemption of Rs 1 lakh under Section 80C of the income tax act. The National Pension Scheme (NPS) and products approved by the Insurance Regulatory and Development Authority are likely to be made eligible for the new benefits. Read more
Look who is afraid of insurance products?
Globally, Indian consumers are known to be smart buyers — often called ‘value seekers’ by marketers.
Indians are always looking for the best deal and to maximise perceived price-value output. Purchase is preceded by a detailed understanding of the product’s functionality, durability, features, performance rating, warranty, fit, colour and customisation. This behaviour is true for almost all product categories and across socio-economic segments. Read more