Clipped from: https://www.financialexpress.com/money/insurance/your-money-irdai-moots-lifelong-renewal-of-personal-accident-policy/2447214/ A personal accident insurance pays the sum insured in case of death or total permanent disability of the policyholder. In personal accident products,
Category: Insurance
Latest Court Decisions are from some of the High Courts and from Supreme Court of India
Still have 80D limit? Avail of deduction on health check-up, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/still-have-80d-limit-avail-of-deduction-on-health-check-up-say-experts-122021701366_1.html To make use of Section 80DDB deduction, get a specialist’s certification Most taxpayers are aware of the deductions they can avail of by investing in
Human resourceful for better insurers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/human-resourceful-for-better-insurers/articleshow/89756520.cms Synopsis The health of Oriental Insurance has slipped due to deficient governance and poor underwriting discipline, warranting full-time attention of the chairman and
Appoint two-three key people as life policy’s nominees, say analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/appoint-two-three-key-people-as-life-policy-s-nominees-say-analysts-122022300025_1.html Buyers should look it up to see which insurers have been quicker in settling claims. Not only should a life insurer settle a
Long-term Health Insurance: One-stop solution to reduce the burden of yearly renewal – The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/long-term-health-insurance-one-stop-solution-to-reduce-the-burden-of-yearly-renewal/2440576/ To avoid crowding at the limited numbers of government-run hospitals and to get quick medical attention, many people have no option but to
Home insurance policy: Buyers, now get ready for structural audit | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/home-insurance-policy-buyers-now-get-ready-for-structural-audit-122021500046_1.html Fortify yourself further by purchasing adequate insurance cover for the building and its contents The recent news of a portion of the sixth
Insurer can’t change policy terms unilaterally | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/insurer-can-t-change-policy-terms-unilaterally-122021300798_1.html The National Commission pointed out that when a change in policy terms is made without a fresh proposal, the insurer must get the
Standard home insurance policy at affordable premiums: All you need to know – Bharat Griha Raksha (BGR) insurance cover | The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/insure/other-risk-covers/standard-home-insurance-policy-at-affordable-premiums-all-you-need-to-know/bharat-griha-raksha-bgr-insurance-cover/slideshow/89040052.cms 4/8 Benefits of sum insured escalation Annual escalation in long-term policy: The cost of replacing re-construction and re-building material rises with time due to
High premium prices, lack of awareness key reasons for low penetration of health insurance in India – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/high-premium-prices-lack-of-awareness-key-reasons-for-low-penetration-of-health-insurance-in-india/article64910712.ece ‘New mantra must be health inclusion’ Kolkata, January 19 High premium prices could be one of the main reasons for the low penetration
Insurer can’t refuse claim by citing existing medical condition: Supreme Court – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/insurance/story/insurer-cant-refuse-claim-by-citing-existing-medical-condition-supreme-court-317189-2021-12-29 A bench of justices D Y Chandrachud and B V Nagarathna also said a proposer is under a duty to disclose to the
cancer insurance: How to get the best health insurance cover for cancer treatment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/insure/health-insurance/how-to-get-the-best-health-insurance-cover-for-cancer-treatment/articleshow/88731818.cmsSynopsis Many critical illness insurance plans which are also defined benefit plans also cover various types of cancers. The cost of treatment of cancer is exorbitantly high. A
Health insurance for senior citizens: How to pick the best insurance policy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/insure/health-insurance/health-insurance-for-senior-citizens-how-to-pick-the-best-insurance-policy/articleshow/88727168.cmsSynopsis Common comorbidities like diabetes or blood pressure are covered by a good number of senior citizen special polices. When it comes to senior
Mistakes to avoid while buying fresh motor insurance and renewing an existing cover – The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/mistakes-to-avoid-while-buying-fresh-motor-insurance-and-renewing-an-existing-cover/2401902/ Motor insurance is the shield that protects you and your vehicle and makes your ride a smooth one. However, it’s also quite possible
All you wanted to know about participatory policies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/all-you-wanteed-to-know-about-participatory-policies/article38191110.ece?homepage=true You get a share of profits of the insurer, apart from guaranteed benefits With his first salary credited to his account, Rajesh is
India’s insurance sector needs more assurance from Irda – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-indias-insurance-sector-needs-more-assurance-from-irda/articleshow/88763405.cmsSynopsis In the last four years, Irda has not given any new licence. Besides new licences, even the raising of capital by existing companies
Irdai to set up two hubs on motor insurance and property insurance | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/irdai-to-set-up-two-hubs-on-motor-insurance-and-property-insurance-122010601720_1.html The decision to set up these hubs was based on the recommendations of a working group on loss prevention and minimisation in the
Latest life insurance claim settlement ratio of companies in 2022 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/insure/life-insurance/latest-life-insurance-claim-settlement-ratio-of-companies-in-2022/articleshow/88725849.cmsSynopsis The claim settlement ratio of LIC was 98.62 per cent as at March 31, 2021 compared to 96.69 per cent as at March
Cyber insurance: Companies buying higher sum insured, wider covers despite big rise in premium – The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/cyber-insurance-companies-buying-higher-sum-insured-wider-covers-despite-big-rise-in-premium/2399501/ Premium rates for cyber insurance has continuously been rising as the threat perception has gone up, increasing number of claims being reported, reinsurers
Ensuring the safety of insurance sector – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/ensuring-the-safety-of-insurance-sector/article38044088.ece Their close inter-relationship with banks causes opaque monopolies and risks The RBI recently proposed to reduce the ownership by banks over insurance companies
Covid insurance policies will also cover Omicron treatment costs: Irdai | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/covid-insurance-policies-will-also-cover-omicron-treatment-costs-irdai-122010301101_1.html The regulator has issued the directive to general and health insurers in view of the growing number of cases of the Omicron variant
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