Ensuring Family Health: Understanding Your Options in Medical Insurance Plans
May 01, 2024, at 08:56 pm
Ensuring the health and well-being of our family members is incredibly important nowadays. With medical costs going up and unexpected health issues cropping up, having a solid health insurance plan is a must. In this blog, we'll talk about health insurance plans for families. We'll see how they're crucial for keeping our loved ones healthy and secure.
IRDAI removes health insurance age limit, makes big changes in pre-existing disease policies
Apr 21, 2024, at 07:37 am
New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has ended the age limit, effective April 1, 2024, for buying health insurance policies, signalling a crucial change in India’s insurance sector.
Failed ZEEL-Sony merger drains Rs 3,130 crore from MFs, insurers
Jan 25, 2024, at 04:57 am
Mumbai: The failed $10-billion merger between Zee Entertainment Enterprises Ltd and Sony Pictures Networks India resulted in a substantial wealth loss of approximately Rs 3,130 crore for mutual funds and insurance companies on Tuesday, according to a media report.
HDFC Life Insurance Q2FY24 net profit grows 15% YoY to Rs 376 cr
Oct 14, 2023, at 06:10 am
Mumbai: HDFC Life Insurance, a private sector insurance company, Friday announced a net profit of Rs 376 crore in the September quarter of the financial year 2023-24.
Bharti Group acquires French insurer AXA's stake in Bharti AXA Life Insurance: Report
Oct 12, 2023, at 07:57 am
Bharti Group has announced that it is acquiring French insurer AXA's 49% stake in Bharti AXA Life Insurance Co., a move that grants Bharti full control over a venture that the two companies jointly operated for nearly two decades, Reuters reported.
Is it possible to obtain car insurance with a temporary registration number?
Jul 12, 2023, at 05:08 pm
An accident in your brand-new car can be heartbreaking. And when the accident happens to your car that still has a temporary registration number can be all the more worrisome. It could bring a lot of questions and confusion to your mind. So, if you are wondering if you can get car insurance with a temporary registration number, read on. We may have some good news for you.
Is 50 years too late to get a term insurance plan?
Jun 28, 2023, at 06:09 pm
When it comes to purchasing term insurance, it is always better to do it early in life since the premium rates are low. However, life is unpredictable, and it is never too late to secure your family's financial future. If you are 50 or older and have not yet purchased a term life insurance, you may be wondering if it is too late. The answer is no; it is never too late to buy term insurance.
CCI approves HDFC's acquisition of more shares in insurance companies
Jun 21, 2023, at 07:27 am
New Delhi: The Competition Commission of India (CCI) Tuesday said it has approved the proposed combination involving the acquisition by Housing Development Finance Corporation Ltd of certain additional shareholding of HDFC ERGO General Insurance Company Ltd and HDFC Life Insurance Company Ltd.
ICICI Prudential Life Insurance relaxes claims settlement process for Odisha train accident victims
Jun 07, 2023, at 07:03 pm
Mumbai: ICICI Prudential Life Insurance has relaxed the claim settlement process for the families impacted by the Odisha train accident, a press release said on Tuesday.
Jun 07, 2023, at 06:59 pm
Mumbai: Bajaj Allianz Life Insurance has implemented special provisions to address the needs of its policyholders affected by the tragic train accident in Odisha.
Odisha train accident: IRDAI orders insurance companies to settle insurance claims suo moto
Jun 06, 2023, at 01:14 am
Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurance companies to proactively initiate the settlement of claims for the victims of the Odisha train tragedy, The Economic Times (ET) reported.
Future Generali India launches D.I.Y HEALTH product
Jun 03, 2023, at 07:21 am
Kolkata: Private general insurance player Future Generali India Insurance Company Ltd Thursday announced the launch of its new health insurance product – D.I.Y HEALTH – to offer flexibility and freedom to choose the coverage as per the customer's needs.
Bajaj Allianz Life to disburse Rs 1,201 cr as bonus for FY23 to participating policyholders
Apr 27, 2023, at 05:42 am
Bajaj Allianz Life has declared a bonus of Rs 1,201 crores for its participating policyholders, which includes a regular reversionary bonus of Rs. 872 crores and a Terminal & Cash bonus of Rs. 329 crores.
Religare Enterprises to acquire MyInsuranceClub to expand into insurance distribution
Apr 06, 2023, at 04:58 am
New Delhi: Financial services company Religare Enterprises Ltd (REL) has signed a Share Purchase Agreement for the proposed acquisition of insurance web aggregator MyInsuranceClub (MIC) from iGear Holdings Private Limited, a part of The Indian Express Group, according to a company statement.
Secure Your Future – Choose The Right Term Insurance Policy
Jan 16, 2023, at 06:56 pm
Term insurance is an often overlooked yet essential component of a comprehensive financial plan. It provides low-cost, high-coverage protection for individuals and families for a specified duration.
Tax benefits of different types of life insurance
Oct 07, 2022, at 09:49 pm
Life insurance is a modern-day necessity. As they say, life is always unpredictable and uncertain. Hence, safeguarding your family's financial future is necessary for mental peace and stability. Investing in life insurance is thus a no-brainer. However, life insurance is not just about coverage or some added benefits that may accrue in the case of certain types of policies. Did you know you get tax advantages on your life insurance plans? Here's taking a closer look at the same.
Importance of Term Insurance at Different Stages of Life
Aug 24, 2022, at 12:19 am
Financial well-being is a basic life necessity. With life being uncertain, your sudden demise can bring your family’s financial well-being to a standstill. Term insurance plans will secure your family’s financial future despite your absence. Term insurance has become one of the basic necessities of life.
Edelweiss Tokio Life offers new Flexi Savings Plan
Aug 20, 2022, at 02:27 am
Kolkata: Edelweiss Tokio Life Insurance today announced a new participating product called Flexi Savings Plan which offers an innovative optional feature called Accrual of Survival Benefit.
PNB MetLife announces Rs 594 cr bonus for 4.95 lakh participating policyholders
Jul 14, 2022, at 11:58 pm
Kolkata: PNB MetLife India Insurance Company Limited (PNB MetLife) has announced a bonus of Rs 594 crore for all eligible policyholders of participating products for FY22.
Is Your Group Life Insurance Enough?
Jan 13, 2022, at 07:50 pm
Introduction Shiva, a 30-year-old happily working in a renowned multinational company. While working in the office, one morning, he gets a stroke and meets with an untimely death. As Shiva was the family's sole bread-earner, they entered a dark phase of their life post his death. But, fortunately he had a group life insurance that helped his family sail through the dire times.
Why Buy Aditya Birla Sun Life Insurance for Term Plans?
Dec 19, 2021, at 02:48 am
Introduction In 2020, the total size of the insurance market in India was estimated to be US$ 280 billion. The life insurance business in India is expected to develop at a CAGR of 5.3 percent between 2019 and 2023. In FY21, the insurance prevalence in India was 4.2 percent, with life insurance accounting for 3.2 percent and non-life insurance accounting for 1 percent. In terms of insurance population, India had a total concentration of US$78 in FY21. In general and health insurance, the private sector's market share increased from 47.97 percent in FY19 to 48.03 percent in FY20. In the life insurance sector, private companies had 33.78 percent of the market.
Things You Must know About the Commercial Vehicle Insurance in India
Sep 09, 2021, at 03:53 am
In India, a significant portion of the population relies on commercial transport to travel or send goods to the desired destination.
Why You Should Kick-Start Your Bike Every Morning
May 28, 2021, at 01:54 am
Bike owners are of two categories. Some are passionate about bikes and for others, it is just a means of transport. Regardless of the purpose, a bike requires proper maintenance. It is advisable to kick start the bike every morning instead of self-starting. Especially if your bike was manufactured before 2010, you might have to do this because unlike bikes manufactured after 2010 that have advanced engine systems and batteries, the older models do need the kickstart regime. Let us understand the benefits of kick-starting the bike every morning.
Term Plan Adjustments: What does it mean and how does it work?
May 17, 2021, at 05:52 pm
In the grand scheme of events, most of you would have prioritized leading a comfortable life and ensuring that your family is safeguarded in case of any unforeseen event. One of the first steps needed to achieve this goal is financial planning. To ensure stable and steady growth of your wealth, financial experts advise you to invest in various financial assets. One such asset that not only provides you with an enhanced return but also provides financial security to your family, in case of your untimely death, is term insurance. Read ahead to know more about offline andonline term insurance plans and the importance of term plan adjustments.
Covid-19: IRDAI asks insurers to settle policyholders' claims on cashless basis
Apr 24, 2021, at 09:17 pm
New Delhi/IBNS: Insurance regulator IRDAI on Friday asked the insurers to settle the claims of policyholders on cashless basis after reports emerged that some hospitals demanded cash payments from Covid-19 patients.
Do you want to build wealth? Bet you've missed this unique option of building your wealth
Apr 24, 2021, at 08:21 pm
Wealth can easily fulfil our dreams. There is truly no secret that has been there to build up wealth. You don’t require any special connections, luck, trick, or seminars to build wealth. There are so many people, who want to become rich, but then their actions don't go with their words. Making money is never a bigger deal, but keeping the money is.
Union Budget: FDI limit in insurance sector increased from 49 pct to 74 pct
Feb 01, 2021, at 09:39 pm
New Delhi: While presenting the Union Budget 2021-22 in Parliament today the Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman announced that the Government will amend the Insurance Act, 1938 to increase the permissible FDI limit from 49% to 74% and allow foreign ownership and control with safeguards.
Money Logic: Who Should Invest in The Best Savings Plan
Dec 21, 2020, at 08:02 pm
We go through our lives, making sure that our loved ones are healthy and happy. For most of us, that means taking care of their present and future financial requirements. If you are an earning individual, these may be some of the prevailing concerns in your mind before making any investment-related decision.
Bharti AXA Life introduces insurance with guaranteed returns, maturity benefits in COVID times
Dec 16, 2020, at 06:56 pm
Kolkata, Dec 16: Leading private insurer Bharti AXA Life Insurance Wednesday announced the launch of its novel plan - Bharti AXA Life Guaranteed Income Pro - that offers life insurance along with maturity benefits and guaranteed returns.
ICICI Lombard to buy Bharti AXA General Insurance
Aug 25, 2020, at 07:25 am
Mumbai/IBNS: ICICI Lombard General Insurance has said it has entered into a definitive agreement to buy Bharti Enterprises promoted Bharti AXA General Insurance, according to a media report.