Category: Insurance

Buying a new policy makes more sense than getting it transferred from the first owner It is common for insurance companies to come across cases

If you are an existing policyholder and want to change the mode of premium payment, you can do that. You will now get the option

IRDAI has modified the definition of pre-existing diseases, to include any disease diagnosed within three months of purchasing a health insurance policy. This change was included in the guidelines

In a move that will benefit lakhs of policyholders, insurance companies have been barred from excluding illness associated with hazardous work activity, artificial life maintenance, treatment of

It has now been a year since the ambitious health care scheme known as the Pradhan Mantri Jan Arogya Yojana (PMJAY) was launched. In that period, it

Nine year-old Shiv, suffering from a leaky heart valve, sobbed as his despondent father took him back home after being told by the doctor in

By C.S. Sudheer One of the biggest myths in personal finance is that smokers can’t get health insurance. Contrary to popular belief, health insurance companies do offer coverage to

The public-sector insurers’ losses shrank to Rs 12,603 crore in FY18 from Rs 16,012 crore in FY17. India is looking to establish a single, mega

Large not the reform insurance needs The government reportedly proposes to merge all state sector general insurance companies into one large entity. Curtailing competition in

In the draft exposure, the regulator had also proposed a 15% discount on the premiums for electric vehicles. From June 16, the premium for mandatory

While theoretically you can split the premium and claim the tax benefit separately, practically you may face a problem if any scrutiny arises. If a

It is important to note that a home insurance policy does not cover the land on which your property stands. Home is one of the

Not having the right health insurance policy implies that you will not be able to pay for the medical contingency at hand. But have you

The regulator is considering the option where the policyholder can receive the amount in lump-sum or in equated instalments   –  istock/utah778 IRDAI may ban

Indemnity-based cancer policies from health insurers are the best choice today The risk of cancer is real. Every year new studies are showing increasing instances

The claims settlement process is one of the most important aspects of an insurance policy, especially if it is a health cover. A policyholder‘s health insurance claim can get settled

Make sure you check what all are covered under the motor insurance scheme you are planning on getting. Even if you have taken a standard

IRDAI panel for weeding out many exclusions Currently available health covers are likely to get more broad-based soon with a panel constituted by the Insurance

Regulator moots discount for electric vehicles Third-party motor insurance premium rates are set to go up in the current financial year. Though new premium rates