Page 8 - Insurance Plans

Amazon India says it stepping up support plan for LGBTQAI+ employees

Same-gender partner of a worker can sign up for health insurance programme, says company.

Rise in 3rd party motor premium to partially offset losses for insurers

The recent increase in the premium rates on third-party motor insurance is unlikely to fully offset the motor insurance segment's underwriting losses, Crisil Ratings said in a report. The premium rates for third-party motor insurance have been increased from June 1. Premiums for two-wheeler insurance have risen the most -- by 12-21 per cent -- across engine capacities. For private cars, the maximum increase is 6 per cent. "The Ministry of Road Transport and Highways' move to increase the premium on third-party motor insurance after two years is a step in the right direction, but unlikely to fully offset the segment's underwriting losses," the rating agency said in the report. Third-party insurance cover is for other than own damage and is mandatory (as per the Motor Vehicles Act, 1988) to purchase along with own damage cover. Underwriting losses occur when claims are higher than the premium income of an insurance company. The last time premiums were hiked was in June 2019 and ...

In the grey market LIC shares slip below their issue price ahead of listing

Individual investors are still expected to make gains

LIC IPO: Global market sell-off raises stakes for India's biggest listing

Landing the listing, which is slated for next month, will test India's capital markets at a time when about $5 trillion has been wiped out from global equities

Taxation of ULIP proceeds to create level-playing field with MFs: I-T dept

Proceeds of high-premium Unit Linked Insurance Plans (ULIPs) has been made taxable to create a "level-playing field" with mutual funds, official sources said

Surge in Covid-19 cases leaves non-life insurers on tenterhooks

In FY21, non-life insurers had settled 849,034 claims amounting to Rs 7,833 crore

Senior citizens should buy health plans with lifelong renewability option

Buy a plan with a short waiting period for pre-existing diseases and low co-pay

Better.com CEO Vishal Garg taking time off with immediate effect: Report

Chief Financial Officer Kevin Ryan will be managing the day-to-day decisions of the company and will be reporting to the board, Vice reported

Get policy terms changed during free look-in period

The commission observed that the cheque was remitted in accordance with the terms of the policy, and it was not possible to hold the company liable

With dengue cases on the rise, a cover for vector-borne diseases is a must

Such a plan make sense especially for those who are unable to obtain a comprehensive health cover

Before choosing home insurance, check reconstruction cost: Analysts

Only then can one arrive at an appropriate sum insured

'Current scenario is volatile, but bodes well for the insurance industry'

Kamlesh Rao, managing director and chief executive officer at Aditya Birla Sun Life Insurance shares his views on the road ahead for the life insurance industry

Insurers receive 790,136 Covid-related claims in two months, shows data

As of June 11, more than 1.8 million claims have been reported to the insurers amounting to Rs 24,397.35 crore

Second wave of Covid-19: Rising death claims keep insurers on tenterhooks

Most life insurance companies have set aside provisions for such claims, over and above what they had set aside during the first wave.

Life insurers' new business premium up 45 pc at Rs 9,739 cr in April

Life insurance companies logged nearly 45 per cent growth in their cumulative new business premium at Rs 9,738.79 crore in April 2021, Irdai data showed on Friday

Amid Covid scare, life insurers go slow on renewing group-term plans

The adverse claims experience of life insurers have made them apprehensive of renewing group-term policies of some corporate entities

Low sum insured, sub-limits give rise to partial payouts: Experts

Supplement a policy with a substantial emergency corpus

Deposit maturity claim documents at nearest office anywhere, says LIC

But it will be valid till the end of the month

Traditional insurance plans better for risk-averse investors, say experts

If you can stomach volatility, you can earn more from equity funds than the 5-6% these plans offer

Pure-play protection plans second fiddle to savings plan for life insurers

Growth in recent times is led by savings products, poised to give better returns that bank FDs