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Surging Demand for Group Insurance
Group insurance offers a standardised level of coverage to all members of the group, irrespective of their age, gender, or pre-existing medical condit
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IRDA stays with existing surrender value rules
IRDA went back on its own proposals which could potentially hand out higher surrender values to policyholders
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IRDA’s one-stop platform for all insurance activities
Customers will be able to buy any insurance from one place without visiting websites of different companies or take the help of agents
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Group Health Insurance as Secret Weapon
Providing group health insurance also unlocks several tax advantages for both employers and employees
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IRDAI planning to step up scrutiny for products aimed at 55+
The objective is to increase levels of transparency in the selling of policies
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IRDA proposes more ‘free-look’ time to insurers
The period is proposed to be raised to 30 days from the 15 at present for all policies
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Go Cashless at all hospitals
Often policyholders travel long distance to avail cashless facility as nearby hospitals are not covered by their insurer
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19 cos waiting for nod to enter insurance business
The insurance regulator wants tech-first companies to have a bigger play in the sector to help it in achieving its goal of insuring every citizen by t
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A Year of Growth and Opportunities for General Insurance
Given the low levels of penetration 4.2% overall and close to 1% for general insurance, there is considerable scope for growth, especially in the ligh
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Surrendering policy now will come with lower loss
Insurance regulator IRDAI recently released a consultation paper, where it has proposed raising the surrender value of traditional life insurance poli
