Of these, the 25 general insurance companies registered a 4.9% rise in gross direct premium during the month at Rs 13,041.51 crore
A lapsed policy may be revived by payment of the accumulated premiums with interest as well as giving the health requirements as required
The number of death claims filed in 2020-21 was 22,205 which is only 13.50% of the number of lives lost due to Covid in the entire financial year
The claims paid ratio (provisional) stood at 98.1% for individual claims and 98.6% in the group category
The company, which recorded 49% growth in its gross premium during FY21, is hopeful of continuing with same growth trajectory in current fiscal year
Third-party payment is not allowed in the term insurance, says Naval Goel, founder and CEO, PolicyX.com
Buying insurance at an early age with correct advice is critical to stay insured adequately throughout your life
Not only big corporates but also MSMEs have started opting for health insurance covers amid the second wave of Covid-19
The category of micro insurance policies was created to promote coverage among economically vulnerable sections of society
Most important thing that insurers asses in an application form is your health status. If you are healthy, they assume risk factor to be lower