Life Insurers seek risk-based solvency regime for ULIPs
Some life insurance companies plan to move IRDAI, seeking a risk-based solvency regime for unit-linked insurance plans (ULIPs), where the Read more
ULIPs
LIC launches two new ULIPs, opens two new offices in Puducherry
LIC has launched two new unit-linked plans, Nivesh Plus and SIIP, while opening two new offices in Puducherry. Chief Minister Read more
A good market-linked pension plan
Pension ULIPs offered by life insurance companies have competitive features. They are similar to regular ULIPs in terms of nature Read more
Low cost gives it the Advantage
HDFC Click2Retire is cheaper than other pension ULIPs as there are no premium allocation or policy administration charges Pension ULIPs Read more
Ulips are cheaper, yet not useful
With the stock market going up, unit-linked insurance plans (Ulips) seem to be making a comeback. In recent times, a Read more
Extend your insurance cover on paid-up policies
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 moreThe future of the insurance sector is pension and health products: D K Mehrotra
Life Insurance Corporation of India has planned to get into the banking sector through its subsidiary, LIC Housing Finance. D K Mehrotra, chairman of Life Insurance Corporation of India, the government-owned giant, talks of their plans with Business Standard. Read more
Hari Narayan ran IRDA like an insurance lobby
What is it with outgoing Indian bureaucrats and their tendency to become remarkably honest about all that is wrong with the Indian system, once they retire? Read more
NPS is a strong competitor, but there is place for all: Jayant Dua, Birla Sun Life Insurance
Birla Sun Life Insurance is among the oldest private insurers in India. Its CEO & MD JayantDua tells ET why mis-selling is bad for the industry, how retirement is changing and what he expects from the Budget. Read more
Complaints pile up at Mumbai insurance ombudsman office
At least 2,500 complaints are lying with the Insurance Ombudsman’s office here for a decision. And, it will take more than a year to clear these. Reason: There is no ombudsman. The post has been vacant since October 2012. Given the backlog, it could take up to a year to clear just the pending cases, before the new ones could be perused. Read more