Insurance is a legal contract and, hence, the insurer should charge premium according to the terms of the contract.

Life Insurance: Deepak Sood

Business Standard

General Insurance: Gaurav Garg

Some life policies offer the benefit of indexation.

Life Insurance: V Philip

There are more restrictions on policies from life insurers as compared to a mediclaim.

Health policies: To buy from life or general insurers?

Max New York has launched a unit-linked insurance plan called &lsquo;Fast track&rsquo;. Pegged on the promise it will help customers accumulate more wealth in a shorter duration, the premium amount begins at Rs 1 lakh. The maximum policy term is 20 years. But, the customer has the option to choose a shorter duration of 10 years.

High-end product with competitive charges

Bank-promoted life insurance companies have opposed the Insurance Regulatory and Development Authority&rsquo;s (Irda) bancassurance committee recommendations. If accepted by the regulator, these will allow each bank to tie-up with two life insurance companies for selling life covers.

Bank-backed insurers oppose  dual distribution model

Insurance companies will get another opportunity to bid for the Union government&rsquo;s ambitious health insurance project, &lsquo;Central Government Employees and Pensioners Health Insurance Scheme&rsquo;.

Insurers get second chance to bid for CGHS project

I want to cancel my motor insurance policy and buy one from another insurer.

Just like a regular insurance cover for the house one is living in, one can also buy a cover for a property likely to remain unoccupied for 30 days or more. This period can vary across different insurers. You could take a cover under property insurance, which covers only damage caused due to a fire. You could also opt for a home insurance package that covers 10-12 scenarios such as fire, burglary, loss of contents, etc. Even if you have purchased a regular home insurance cover and plan to keep your property unoccupied for some time, you are expected to inform the company about it.

What is insurance for unoccupied property? 

State Bank of Hyderabad (SBH) today announced a free personal accident cover of Rs 1 lakh as an add-on service for its existing and new savings account holders.

SBH adds free accident insurance to its SB services

The insurance sector in India is still far from Solvency II norms, as the country does not have the requisite statistical database.

Database not enough for solvency II

The first-year premium collection by life insurance companies fell 12.3 per cent in April-May compared to the corresponding period last year. According to the Insurance Regulatory and Development Authority, during the first two months of the financial year, the 23 life insurers collected Rs 12,253 crore by writing new policies, as against Rs 13,967 crore a year before.

April-May sees substantial dip in life insurance premia collection

Without adequate cover, you may have to dip into savings or borrow, in case of emergencies.

Must for a healthy financial future

Your plan to switch your existing health insurance policy from a non-life insurer to a life insurance company may not be possible, at least for now. The insurance regulator is likely to confine the portability of health insurance policies to non-life insurance companies.

Health policies by life insurance companies will not be portable

Jeevan Arogya is the first defined health insurance product to be introduced by India&rsquo;s largest life insurance company, LIC of India. It will pay the customer a fixed daily cash amount as well as cover specific surgeries.

Not a standalone policy 

ING Vysya Life Insurance today said it would come up with two new unit-linked plans, a majority of whose corpus will be invested in the stock market, by January.

Vysya Life to launch 2 new Ulips

Press Trust of India

Concerned about the fast pace of regulatory changes being brought into the sector, the life insurance industry has approached sector regulator, Insurance Regulatory and Development Authority (Irda), to go slow in its approach, sources said. In turn, Irda has assured industry players that it will go slow in bringing regulatory changes from next year, a move that will bring some respite to the players, the sources added.

Life insurers seek slower regulatory changes

&quot;We will be coming out with a traditional child plan and a ULIP in January 2011. We would like to reach out to more and more consumers and also focus more on training of our agents&rdquo;, Abhinav Rahul, vice president (corporate communications) told media persons.

Max New York to roll out two new products in Jan

Aided by government health schemes and correction in rates, insurance for health and personal accidents recorded highest growth in the non-life insurance segment during the first half of the financial year.

Health insurance grows 42% in H1

I own a farmhouse in Lonavala. I have a caretaker who looks after the house. We only have basic furniture and utensils there, and no valuables.

Insurance News: Visit Business Standard to know about the latest Insurance Industry News, online insurance information, expert views and updates.

Insurance News: Latest Insurance News, Insurance Industry Policy Headlines and Updates | Business Standard

Visit Business Standard to know about the latest Insurance Industry News, online insurance information, expert views and updates.

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