Page 2 - Insurance Plans

AU Small Finance Bank partners with LIC to broaden life insurance reach

AU Small Finance Bank partners with LIC to distribute life insurance products across 2,456+ branches, aiming to boost financial inclusion and support the 'Insurance for All by 2047' initiative

Limit on duration for state debt STRIPS may dent demand, say insurers

STRIPS allow dealers to sell principal and interest payments independently, enhancing liquidity in the state government securities by enabling distinct trading of these components

Govt may raise motor third-party insurance premiums by up to 10% soon

The hike, likely to take effect by October 2025 or April 2026, aims to ease pressure on insurers facing rising claims, especially from commercial vehicles and pandemic-era payouts

Pradhan Mantri Suraksha Bima Yojana - A decade of insurance inclusion

PMSBY offers affordable accident insurance to India's vulnerable. With ₹20 premium and ₹2 lakh cover, it has transformed lives, settled 135,000 claims, and ensured inclusive insurance access

Market volatility nudges customer preference away from ULIPs in Q4FY25

The benchmark Nifty50 index fell almost 17 per cent amid sell-off by foreign investors, weak corporate earnings and global uncertainties due to the US tariffs

Motor insurance: Driving with expired licence can lead to claim rejection

While a 30-day grace period is available for licence renewal, the Motor Vehicles Act of 2019 clearly states that driving with an expired licence is not permitted-even if renewal is pending

ICICI Prudential Life Q4 profit rises on strong group insurance demand

The insurer's standalone profit more than doubled to 3.86 billion rupees ($45 million) for the quarter ended March 31. Its quarterly net premium income grew 11% to 16.37 billion rupees

What are the best term insurance premiums available for professionals?

A term insurance plan is a safe and attractive option for securing your own finances as well as your family's long into the future

With Health Insurance Premiums on the Rise, Here are Smart Ways Policyholders Can Save

As health insurance rates rise, you must make wise choices to control costs without forfeiting coverage.

Centrico Insurance Repository to offer insurance repository services to LIC

The insurance repository system, introduced by the regulator, provides policyholders with a facility to keep insurance policies in electronic form and make changes

Right taxsavers: Align choice with risk appetite, asset allocation & goals

Unit linked insurance plans (Ulips) and the National Pension System (NPS) can have varied risk levels, depending on their equity-debt mix

Insurers likely to prefer bond forwards over forward-rate agreements

Irdai allows insurers to hedge interest rate risks with bond forwards

Raise deposit insurance cover to Rs 10L: All India Reserve Bank staff body

AIRBEA has cautioned that raising the deposit insurance cover would increase the premium burden on banks, which may not be fair for well-regulated commercial banks with low failure rates

Plum to invest $6 mn over next 2 yrs to enter personal insurance segment

The company aims to simplify and democratise access to health coverage for individuals

Tips For Purchasing Health Insurance With Pre-Existing Conditions

Discover essential tips for purchasing health insurance with pre-existing conditions. Navigate coverage options, understand your rights, and secure the best plan for your needs.

Analysts bullish on HDFC Life post Q3 results; Nomura upgrades to 'Buy'

Nomura, which previously downgraded the stock to Neutral in Q2FY25 due to concerns about surrender value impact, slowing growth, and higher valuations, has now upgraded its rating to 'Buy'

Insurance portfolio review: Up term cover with rising income, liabilities

A good rule of thumb is to purchase term cover amounting to 7-10 annual income, plus outstanding liabilities

Zyla Health welcomes Rohit Boda to the Board of Advisors to drive innovation and strategic growth

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Insurers urge IRDAI crackdown against OEM-linked motor insurance brokers

Insurance companies are demanding an open architecture where customers can choose policies from multiple insurers without being limited by OEM brokers

Niva Bupa rallies 27% in 2 days on buzz of lower GST on insurance premiums

The company said it has not received any official communication from any government authority or department regarding the change of GST rates on life and health insurance premiums