With instant life insurance cover through a digital policy as its core value proposition, such policies do not require medical tests or paperwork.
Dividend income holds a significant share in the profit before tax of a life insurance company, of 24-37 per cent in 2018-19, it is estimated
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The consolidated income in the third quarter of 2019-20 rose to Rs 5,006.12 crore, from Rs 4,465.76 crore in same period year ago
It is necessary to have a policy. But it need not be a burden on your budget
The 11-22 per cent increase in premium income, new offerings and push towards protection products are important drivers
LIC chairman said although life insurance had been one of the fastest-growing sectors in India, the vast uninsured population and market potential put the achievement of insurance players in the shade
If you are risk tolerant, adopt an aggressive investment strategy and invest in market-linked funds
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There are only 220,217 MF distributors compared to 2.1 million insurance agents
But in terms of sum assured or scope of coverage, the products are unlikely to meet your needs
Make changes where required so that your investment and insurance portfolio are equipped to meet the rigours that 2020 may have to offer
The share of women in terms of number of policies is 36%, higher than what it was in FY18 at 32%
The rising awareness of life insurance as a protection product is giving strong traction to the sector
Good growth in high-margin products, persistency and reach augur well; risk-averse investors could buy the dips
SBI Life touched a life-time high of Rs 1,030 per share on October 30, 2019, while ICICI Pru Life hit a record high on November 8, 2019.
According to rough estimates, the need is at least Rs 2,000-3,000 crore in each of the companies, the total collective requirement is close to Rs 12,000-13,000 crore
The spouse's economic value can be arrived at by estimating the cost of outsourcing such services
A physical copy of the insurance will be delivered to customer's doorstep on request
Act now to put derailed finances on track