Page 9 - Insurance

Budget 2024 proposes lower TDS for insurance commission, bonus payment

'Rationalisation of TDS from 5% to 2% for payment of insurance commission to individual agents will ensure additional income in the hands of such individuals for payments made by the insurers'

HDFC Life's Q1 FY25 results: Net profit rises 15% to Rs 479 crore

The value of new business (VNB) of HDFC Life increased 18 per cent year-on-year to Rs 748 crore in Q1FY25 against Rs 610 crore in the corresponding period a year ago

Insurance: A social security product

A lifeline in times of crises

Flood insurance: Essential tool amid increasing extreme weather events

Without flood insurance, you could face a major financial disaster if your home gets hit by a flood

Not happy with your health insurer? Switch to new option using portability

The decision to accept or reject the porting request lies with the new insurer based on their underwriting process

Decoded: How call centre steals data of 10,000 people, sells fake insurance

The Noida call centre is just one of thousands perpetuating telefraud on millions of people daily in India, the United States, Britain, and elsewhere

Insurance fraud decoded: How a woman faked death twice to claim Rs 1.1 cr

Life insurance fraud occurs when an insured person or an insurance company alters or provides false information with the goal of financial gain

Universal Sompo launches AI-Powered tools for faster motor claim settlement

Neural networks analyses photos to identify vehicle details and pinpoint damage areas

Bharat Griha Raksha policy: Why buying a home insurance policy makes sense

Every year, the monsoon season takes a toll on houses. So, how do you protect your biggest treasure? The answer is home insurance

Ensuring coverage in crisis: Understanding 'waiver of premium' rider

The 'waiver of premium' rider can be purchased at the time of policy inception

Accounting standards for banking, insurance sectors soon: MCA secretary

Govil said that discussions are going on with the Reserve Bank of India around accounting standards for the banking industry and they may come out soon

Health insurance application declined? Here's what you need to know

The insurance companies take a decision to provide coverage based on the risk assessment of an individual's medical condition

GST Council's tax norm tweaks may ease burden on general insurers

According to insurance industry officials the decision is a big solace for the insurance & reinsurance industry as no tax can be levied on co-insurance premium and reinsurance commission

IRDAI bars unit-linked policies from being advertised as investment product

All advertisements of linked insurance products and annuity products with variable annuity pay-out option must disclose risk factors, says regulator

Planning to buy top-up health insurance? Here are factors to consider

A top-up is a type of health insurance policy that provides additional coverage for medical expenses at an affordable premium

DICGC exceeds global average with month-long depositor payout: Patra

In India, deposit insurance is mandatory for all banks, including foreign banks. As of now, 1,997 banks are covered, which includes 140 commercial banks and 1,857 co-operative banks

Insurers likely to seek clarification from Irdai on new health circular

In the case of porting policies from one insurer to another, the regulator has asked the existing insurers to provide the required details to the acquiring insurance company within 72 hours

Father's Day 2024: 35% of health insurance for dads are bought by children

This Father's Day, consider gifting your dad a health insurance policy

Major changes made by regulator in general insurance: Check details

Insurers to settle claims within seven days and surveyors to submit reports within 15 days

Policyholders can cancel policy at any time by notifying insurer: Irdai

The Irdai said retail policyholders can cancel their insurance policy at any time during its term by notifying the insurer, and will receive a refund for the remaining period of the policy