New insurance regulator TS Vijayan gives the sector no reason to party, companies are up in arms, they say that the new guidelines for insurance products threaten to hurt an already bleeding industry. Read more
The insurance sector seems to have mixed feelings for Budget 2013. While the opening up of the bank insurance route has been hailed as a key reform. The lack of additional tax concessions has disappointed insurers. Read more
You might not get another one. If you do, it will be at a much-higher premium.Â A young information technology professional applied for an online term life plan from a private insurance company. Read more
Tata AIA and Reliance Life witnessed steepest decline in the collection of life insurance premium during the six-month period ending September 2012, Parliament was informed. Read more
I am 32, working and want to buy an online life cover of Rs 50 lakh. My wife (30) is a homemaker and we have a two-year-old daughter. What are the criteria I need to fulfil?
Several insurance companies offer online term insurance and has become popular due to their competitive premium rates. It’s a wise decision to buy term insurance keeping in view your age and family composition. Usually, insurers allow term cover on the basis of age, income, occupation, and present and past medical history. You might be required to undergo a medical examination depending on internal guidelines of the insurer. Before finalising, you could consider comparing premium rates, additional riders offered and the insurerâ€™s track record. Read more
IRDA has booked Future Generali Life Insurance for violating regulations and imposed a fine of Rs.20 lakhs. IRDA carried out a surprise inspection at the Hyderabad Branch Office of the captioned Insurer to investigate business by an unlicensed entity – M/s. Insurance For You (Future). Read more