All insurers to offer the product from January 1, 2020
In the segment, life insurers are able to give better post-tax returns than fixed deposits, Chugh said
New business premiums of life companies rose 26% in September, with LIC leading the way
Growth challenges coupled with pricing issues and recent stock market rally doesn't bode well
While demand for insurance, especially protection products, has gone go up, affordability is an issue
In this special Business Standard webinar, the biggest names in India's insurance industry discuss the way forward for general and life insurance segments, especially in the wake of a pandemic >
Prime Minister Narendra Modi's government is keen to go ahead with the initial public offering -- potentially India's biggest -- to help plug a widening budget gap.
To avoid losing protection cover, explore the option of taking a loan against it
Companies look to hedge against policy surrenders by providing short-term loans as succour in pandemic
Private insurers, 23 in all, amassed NBP of Rs 7,815 cr in July, up 26% from Rs 6,197 cr a year ago
The regulator further said there will be a mandatory 30-day free look period for all such electronic policy documents
Cases growing fastest in India, how vaccine nationalism threatens to block recovery, and how schools can make up for the lost time-roundup of news on how India is dealing with the pandemic.
The term insurance ownership was highest across different categories of life insurance products, with 41 per cent metro respondents owning term products
The stake buy from the state-run IDBI Bank will take Federal Bank's stake in the 12-year-old company to 30%
A combination of term plan, MFs may be volatile but is likely to get higher returns
When buying a home insurance cover, opt for reinstatement value as the sum insured
For the most part of April and May, the country was in a lockdown and businesses found it difficult to conduct their operations, despite some relaxations from the government
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