Irdai sets up 12-member committee to simplify insurance policy wordings

https://www.business-standard.com/finance/insurance/irdai-sets-up-12-member-committee-to-simplify-insurance-policy-wordings-123102700422_1.html Clipped from: https://www.business-standard.com/finance/insurance/irdai-sets-up-12-member-committee-to-simplify-insurance-policy-wordings-123102700422_1.html This comes in the backdrop of the Irdai’s observation that policyholders often find it difficult to understand the terms and conditions in

Irdai excludes retail sector of general insurance from arbitration clause

https://www.business-standard.com/economy/news/irdai-excludes-retail-sector-of-insurance-industry-from-arbitration-clause-123102701174_1.html Clipped from: https://www.business-standard.com/economy/news/irdai-excludes-retail-sector-of-insurance-industry-from-arbitration-clause-123102701174_1.html Following the amendment, the clause will only apply to commercial lines of business Listen to This Article The Insurance Regulatory and Development

Insurance query: How to make the claims process friction-free – The Hindu BusinessLine

https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-how-to-make-the-claims-process-friction-free/article67465429.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-how-to-make-the-claims-process-friction-free/article67465429.ece Here are seven steps that can ensure that one’s life insurance claims are paid without hassle I recently experienced first-hand the usefulness

General insurance will grow by 18-24% in FY24: Kishore Kumar Poludasu

https://www.business-standard.com/companies/interviews/general-insurance-to-grow-by-18-24-in-fy24-sbi-general-insurance-md-ceo-123102400545_1.html Clipped from: https://www.business-standard.com/companies/interviews/general-insurance-to-grow-by-18-24-in-fy24-sbi-general-insurance-md-ceo-123102400545_1.html SBI General Insurance is a multi-product and multi-channel distribution network, said Poludasu Kishore Kumar Poludasu Listen to This Article Retail health insurance

Insurance Query: Travel Insurance For The Elderly – The Hindu BusinessLine

https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-travel-insurance-for-the-elderly/article67412157.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-travel-insurance-for-the-elderly/article67412157.ece How senior citizens travelling overseas can protect themselves with the most suitable coverage I am a 66-year-old senior citizen with a pre-existing

👍👍👍👍👍👍👍Insurance Query: Travel Insurance For The Elderly – The Hindu BusinessLine

https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-travel-insurance-for-the-elderly/article67412157.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-travel-insurance-for-the-elderly/article67412157.ece How senior citizens travelling overseas can protect themselves with the most suitable coverage I am a 66-year-old senior citizen with a pre-existing

Disclose lifestyle, health conditions to avoid denial of insurance claim

https://www.business-standard.com/finance/personal-finance/to-avoid-claim-denial-disclose-habits-health-conditions-transparently-123100600996_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/to-avoid-claim-denial-disclose-habits-health-conditions-transparently-123100600996_1.html Know your policy: Understand its exclusions, sub-limits, and waiting periods Listen to This Article A Bengaluru-based District Consumer Disputes Redressal Commission recently

India set to be reinsurance hub, but it’s slow progress  – The Hindu BusinessLine

https://www.thehindubusinessline.com/specials/current-account/india-set-to-be-reinsurance-hub-but-its-slow-progress/article67330106.ece Clipped from: https://www.thehindubusinessline.com/specials/current-account/india-set-to-be-reinsurance-hub-but-its-slow-progress/article67330106.ece Providing a level-playing field in terms of taxation, changes in order of preference and introducing certain legal changes can go a long

Student travel insurance cover: Buy before setting off to study abroad

https://www.business-standard.com/finance/personal-finance/covered-on-the-campus-why-students-must-buy-travel-insurance-123080300847_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/covered-on-the-campus-why-students-must-buy-travel-insurance-123080300847_1.html But ensure that your policy aligns with your foreign university’s requirements Students must buy insurance for travel before they head out for

👍👍👍👍👍IRDAI chief Panda urges stakeholders to harness surety bonds – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/irdai-chief-panda-urges-stakeholders-to-harness-surety-bonds/article67322676.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/irdai-chief-panda-urges-stakeholders-to-harness-surety-bonds/article67322676.ece General insurance industry must unlock prosperity by diversifying portfolio, says IRDAI Chairman Asserting that the current Bank Guarantee capacity of banks is

Private Insurers Surge Ahead: State-Run Insurers’ Market Share Dips Below 33% – The Hindu BusinessLine

https://www.thehindubusinessline.com/news/in-a-first-psu-general-insurers-market-share-below-a-third-of-industrys-data-show/article67291420.ece Clipped from: https://www.thehindubusinessline.com/news/in-a-first-psu-general-insurers-market-share-below-a-third-of-industrys-data-show/article67291420.ece For the first time, state-run general insurers account for less than a third of the industry premium at 32.5 per cent, as

Buy home insurance policy that compensates on reinstatement basis

https://www.business-standard.com/finance/personal-finance/buy-home-insurance-policy-that-compensates-on-reinstatement-basis-123090801169_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/buy-home-insurance-policy-that-compensates-on-reinstatement-basis-123090801169_1.html Revise your sum insured periodically so that it keeps pace with inflation Listen to This Article On August 29, 2023, the National

Want immediate insurance coverage for diabetes? Apply for a customised plan

https://www.business-standard.com/finance/personal-finance/want-immediate-coverage-for-diabetes-apply-for-a-customised-diabetes-plan-123062800756_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/want-immediate-coverage-for-diabetes-apply-for-a-customised-diabetes-plan-123062800756_1.html Though costlier, they offer coverage for both type I and II diabetes, and to those with high levels of HbA1C Listen to

👍👍👍👍👍👍👍Understanding Tax Implications for High-Premium Life Insurance Policies: Decoding the CBDT Circular – The Hindu BusinessLine

https://www.thehindubusinessline.com/portfolio/personal-finance/clarifying-new-taxation-rules-in-life-insurance/article67230641.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/clarifying-new-taxation-rules-in-life-insurance/article67230641.ece A recent CBDT circular considers all possible cases and explains tax implications with examples Life insurance policies with annual premium over ₹5

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