Page 23 - Life Insurance

How technology impacts life insurance

Hype around what's possible in digital does injustice to what's possible in real

Life insurers' new premium up 6% to Rs 16,995 cr in November: Irdai

State-owned LIC registered a fall of over 1.5 per cent in new premium collection at Rs 12,336.53 crore during the month

Reader's Corner: Life Insurance

As per the IRDAI regulations, each and every insurance company has to declare their investment return to their policyholders each year

Readers' Corner: Mutual Fund

You can align your SIPs with a specific goal and withdraw money when you have achieved

Why you should stick to your life policy for entire tenure

Allowing it to lapse leaves you unprotected and can, in some cases, cause loss of premiums paid

Readers' Corner: Life Insurance

Since life insurance is long-term contact, it is difficult for policyholder to change renewal date

Life insurers' new business premium surges 47% to Rs 20,428 cr in July

The country's life insurance firms earned Rs 13,854 cr as premium from new biz in the same month

Readers' Corner: Life insurance

To avail of a group insurance policy one needs to insure at least 50 employees, says Pankaj Razdan

Claiming life insurance for a missing person

In case of a natural calamity or a terrorist attack, the claim settlement period can be waived off

Reader's corner: Life insurance

Arijit Basu, MD & CEO, SBI Life, answers your questions

First year premium growth of life insurers rebounded in FY16

Life insurance sector had witnessed decline of 13.55% in in 2015-16

Guaranteed return plans see renewed interest

While they offer assured returns, you may miss out on any upside when interest rates rise

Demonetisation helped life insurance companies

Lot of money from bank accounts came into insurance products

Life insurance sector unfazed by demonetisation

On a year-on-year basis, private insurers and LIC grew at a robust pace of 42% and 38%, respectively

Your Money: Avoid single premium plans for tax saving

A combination of ELSS or PPF with a term plan offers better coverage and returns

Life insurers' claim settlement improves

According to the Insurance Regulatory and Development Authority of India's (Irdai) Annual Report 2015-16, Ulips registered growth of 12.62 per cent in premium in 2015-16, compared to 2014-15. In comparison, the growth in premium from traditional products was 11.72 per cent for the same period.

Life insurers' total products see 12% jump

The industry had 685 products as on October end 2016 compared to 610 products last year during the same time period

Life insurance policy holders get 30 days more to pay premium

Currently, a person can withdraw up to Rs 24,000 in a week

Revive lapsed insurance during special campaign

You are charged the same premium and also enjoy continuity benefits

Irdai specifies rule for Point-of-Sales Person of life insurance

The life insurer in question, Irdai says, shall be responsible for the conduct of the PoSP