Insurance Policy

New nuclear rules mandate financial security of plants, say experts

The rules require nuclear plant operators to maintain an insurance policy, financial security or a combination of both to cover civil liability for nuclear damage

Beyond policy sales: Insurance companies must prioritise customer retention

Rising life insurance policy surrenders highlight weak policy persistency, underscoring the need for reforms focused on better products, sales practices and consumer retention

Coverage to exclusion: 8 terms to check in a policy before buying insurance

Some other things that matter include waiting period, deductibles and claim conditions

Not the best cover: How to avoid buying overlapping insurance policies

Duplicate covers do not increase real benefit and are a waste of your money

Needs, wants and emergencies: Cash-flow planning for young earners

Start a mutual fund subscription and buy an insurance policy as soon as you start earning

Insurers seek doubling of tax-free limit for some products to boost inflows

Stronger inflows into such funds will boost demand for ultra-long bonds - which these funds heavily invest in - at a time when the federal and state governments' supply has risen

Participating plans: Should they be in your investment portfolio?

Only highly conservative investors who are satisfied with steady but low returns over a long span may consider them

GST tailwind boosts life insurance premiums, fails to lift policy volumes

Removal of GST on individual policies lifted life insurers' premium growth in FY26, but policy volumes remained subdued, highlighting rising ticket sizes rather than wider customer penetration

Young buyers dropping health cover risk savings, debt, investment setbacks

Combine base policy with super top-up, opt for policy with favourable bonus norms to manage premium cost

Life insurance onboarding: Disclose ailments, habits; take tests if needed

Appoint a guardian for minor nominees; update nominations after major life events

No GST on insurance a loss for policyholders? What the math shows

Policyholders will pay no GST on health and life premiums from September 22, but insurers lose the ability to claim tax credit on expenses like commissions, rent and software, raising their operating

Insurance policy renewals see delay ahead of GST reforms' implementation

Fresh issuances stay steady as customers weigh renewal options before GST reform

Better policy mix drives the growth for the private life insurers

However, private insurers reported premium growth, indicating a mix of higher-value policies

India-Pakistan conflict: Your insurance policy may not cover 'act of war'

Standard life or term insurance policies typically exclude deaths caused by war or war-like operations

Govt approves Swaminathan S Iyer's appointment as Irdai Life Member

He is appointed for five years from the date of assumption of charge or until he attains the age of 62 years or until further orders, whichever is earlier

Home insurance: Cover should suffice to rebuild structure, replace contents

A home insurance policy covers damage from earthquakes, fires, explosions, floods, landslides, cyclones, storms, aircraft damage, and acts of terrorism

Budget 2025 FAQs: Key tax, insurance and investment changes explained

Budget 2025 brings key tax, insurance, and investment changes. From ULIP taxation to NPS benefits and Kisan Credit Card updates, here's a breakdown of FAQs to help you understand the new provisions

Fire insurance: Declare correct property value to ensure adequate payout

Fire insurance, also called as fire and allied perils policy (and often part of a home insurance policy), covers a range of risks

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

GST Council postpones decision on slashing tax on life, health insurance

The 55th GST Council meeting which is expected to decide on reducing tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. The GST Council, chaired by Union Finance Minster Nirmala Sitharaman and comprising her state counterparts, is also expected to deliberate on bringing Aviation Turbine Fuel (ATF) in Goods and Services Tax fold. One of the major items on the agenda of the Council is to decide the GST rate on health and life insurance. A Group of Ministers (GoM) set up by the Council under Bihar Deputy Chief Minister Samrat Chaudhary, in its meeting in November had agreed on exempting insurance premiums paid for term life insurance policies from GST. Also premium paid by senior citizens towards health insurance cover has been proposed to be exempted from the tax. Besides, GST on premiums paid by individuals, other than senior citizens, for health insurance with coverage of up to Rs 5 lakh is proposed to be exempted. However,