The reason we need standardisation is because it will smoothen the process for customers as there won't be any dispute with hospitals, says Bhargav Dasgupta, ICICI Lombard MD & CEO
That is what age is. The body doesn't know how to heal itself because you weren't supposed to be here in the first place
IRDAI has received an overwhelming response to the Regulatory Sandbox initiative which is a mechanism created to foster innovation in insurance sector
A Home Guard would be considered on duty from the time he set out from his home and until he returned
Some insurers have already started increasing premiums, and others are expected to do so in the next six months
Utilise the relaxed phase to complete unfinished tasks on personal finance agenda
You are more likely to get one from a bank with which you already have a relationship
Coming out of these unusual times financially fitter and stronger would require discipline, perseverance, conservancy tricks and fortitude. Here are some handy tips for millennials
For the month of March, the new business premiums of life insurance companies stood at Rs 25,409 crore compared to Rs 37,459 core in March 2019.
Benefits of lower claims could get offset by subdued premium collection and fixed costs
Covid-19 is expected to result in improved awareness and importance about life insurance as a risk cover
Covid-19 is expected to result in improved awareness and importance of life insurance as a risk cover rather than a mere investment product
With customers caught in a swirl of panic and fear, life insurance companies are looking at confidence building measures for a post Covid-19 world
Clearly, these are unusual times. So, things need to be done differently
If the premium payment remains overdue even after the grace period, the policy lapses and usually the benefits of the policy are no longer available to the policyholder
PNB also has a tie up with Life Insurance Corporation of India (LIC) for selling its products through the bank's branches
All life insurers, both public and private, are committed to process any death claim pertaining to COVID-19 at the earliest,the Council said in a statement
Irdai has already provided additional time for payment of renewal premium in case of health insurance policies and motor third party insurance.
Life insurance riders are additional benefits over a primary policy, which come into play in case of a specific eventuality
Life Insurance Corporation has offered relaxation to policyholders on payment of premiums due on inforce policies up to April 15