The proposed increase in FDI would also likely result in increased value for customers by way of more product options at reduced costs, he said.
The coronavirus-induced lockdown will always be etched in our minds. This was the time when crores of individuals and families were caught unaware with the fear of sudden illness, complications, hospitalisation and possibility of spending high amount in private hospitals. In July last year, IRDA was quick to permit insurers to issue Covid Specific Insurance […]
He said Ulips still continue to be a tax efficient asset class for small investors.
The lack of finances or the inability to access finances at the right time, often delays access to advanced medical facilities thus decreasing chances of recovery and survival.
Individuals up to the age of 40 should take a life cover equivalent of 20-30 times their annual income. writes Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance.
FDI limit for insurance sector increased from 49 per cent to 74 per cent in insurance companies and allow foreign ownership and control with safeguards.
Do you know that the basic health insurance policy does not cover PPE or home treatment cost if the person infected with coronavirus. It is for this reason the Insurance Regulatory and Development Authority of India mandated all insurance companies to come up with standalone policies. Here is a lowdown on what Covid-specific policies cover: […]
Consider all the pros and cons before surrendering an insurance policy
Insurance is an important instrument for protection against unprecedented events. There are broadly two types of insurance plans offered by most insurance companies – term insurance and endowment insurance. Both plans provide financial protection to dependents in case of death of policyholder and various tax exemptions. However, it is important to dig into their individual […]
New Delhi: Regulator IRDAI has advised general and health insurers to have agreements with health providers on rates for treatment of COVID-19 on the lines of other diseases. In a circular, the regulator said in case of ‘cashless claims’ under a health insurance policy, the claims should be settled as per the tariff decided by […]