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In case you are unable to pay premiums any more in your traditional or unit-linked insurance plans (Ulips), you can use the paid-up option. Here, the policy continues to remain valid. However, its maturity amount is reduced and is also called a reduced paid-up policy.
Read moreWith insurance companies having given an ultimatum to Indian oil entities about not extending cover to domestic refineries processing oil from Iran, they may soon be forced to stop crude imports from the Islamic nation, though supplies from that country have substantially come down since past more than a year. Read more
Unveiling Budget 2013-14, the Haryana government recently announced it will build 3.5 lakh houses in two years and offer insurance cover for the poor under ‘Aam Aadmi Bima Yojana’. Read more
The insurance industry in India witnessed a paradigm shift during the year 2000- 2001. Since 1973, the non-life insurance industry was dominated by the four nationalised insurance companies. Privatisation of the insurance sector opened the doors of opportunity for the big business houses of India.
Read moreState Congress chief Saifuddin Soz said Congress was committed to its assurance of providing honorarium and insurance cover to more than 33,000 panchs and sarpanchs of the State. Read more