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Irdai's decision might force insurance companies to hike premium of health insurance policies: Experts
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The Insurance Regulatory and Development Authority of India (IRDAI) has given the green light for launching variable annuity plans which is a significant departure from the fixed annuity products that life insurance companies can offer currently, The Economic Times has reported.
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Now your insurance policy will be available in electronic format only. How can you open an e-insurance account? What will be the benefit of opening an e-insurance account? How can you convert your old policy into digital format?
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Effective April 1st, policyholders will be able to see significant changes in regulations. Firstly, the moratorium period has been shortened, allowing quicker access to benefits. Secondly, the waiting period for pre-existing conditions has been reduced,
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LIC generates most of its new business through agents. This is evident, given that for public sector insurers like LIC, individual agents drove 96.14% of all new individual business in 2021-22. For private sectors, their contribution stood at 23.08%.
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What to look for before you buy health insurance? How is ManipalCigna's LifeTime Health Plan? What are the features of this plan? How different is Manipal Cigna's Life Time Health Plan from other policies? Find out in this video...
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Often policyholders travel long distance to avail cashless facility as nearby hospitals are not covered by their insurer
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How does a single premium life insurance policy work? Whom is this plan suitable for? What are the pros and cons? How is this policy on the tax front? Watch this video to know-
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If you are buying health insurance online, it will be cheaper. How to buy health insurance online? How can you get claim if needed? Should you buy health insurance online or not?
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“LIC is going to launch a very innovative product as per the needs of the market. In this product, after premium paying term and policy term, one will get 10% of the sum assured every year for the rest of his or her life. This is a guaranteed non-par product,” said LIC chairman Siddhartha Mohanty in an interview.