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Those who register under this scheme, will get a minimum pension of Rs 3,000 every month after reaching 60 years of age
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Stress, long work hours and unhealthy food habits are triggering the rise in incidences of critical illnesses
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Under Section 6 of the Married Women’s Property (MWP) Act, a husband can assign an insurance policy to his wife or children or both after which it become their absolute property
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In a bid to extend the benefit of a basic life insurance policy to every person of the country, the central government launched the Pradhan Mantri Jeevan Jyoti Bima Yojana in 2015
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In October 2011, IRDAI allowed porting of health insurance policies. The porting rule allows a customer to shift his/her health insurance from one insurer to the other as per their wish. An individual can switch his/her health insurance policy to another insurer with the same sum insured and benefits as with the previous insurer. The […]
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Insurers not to increase waiting period for policyholders; around 1.28 crore lives were covered by COVID-specific policies with a total premium of over Rs 1,000 crore
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Transparent functioning by companies backed by clarity in regulations will go a long way in smooth functioning of the sector and create greater awareness of insurance products and increase their penetration
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Last year, as of March 31, 2020, LIC's claim settlement ratio was at 96.69% compared to 97.79% as of March 31, 2019
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Several insurance policies are sold with benefits undefined
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Finance Minister Nirmala Sitharaman said that hiking the FDI limit in the insurance sector will help insurers to raise additional funds and tide over financial problems
