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9 insurance terms you should know about
Here is a list of 9 frequently used insurance jargon you should know about before buying a policy
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Centre scraps LIC chairman post, to have MD and CEO
The changes were made by the Department of Financial Services by amending Life Insurance Corporation of India (Employees) Pension (Amendment) rules
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Bridge your insurance gap with Human life Value approach
In the event of his death, it is his or her current and future potential income that represents the family member's true financial loss
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Term insurance or endowment policy? Check what suits you
There are some basic differences between term and endowment plans. Money9 gives you a basic comparison
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Life insurance: What is the role of beneficial nominee?
Beneficial nominees are the final and undisputed beneficiaries of the insurance benefits unlike regular nominees
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Covid-orphaned kids: How to claim life insurance proceeds?
A total of 30,071 children were orphaned, lost a parent, or abandoned mostly due to the Covid-19 pandemic
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Top-5 life insurers with best claim settlement ratio
The claims settlement ratio signifies the percentage of settled claims by the insurer out of the total claims received
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Covid-19 deaths: Insurers received over 22,000 claims in FY21
The claims paid ratio (provisional) stood at 98.1% for individual claims and 98.6% in the group category
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Money9 Helpline: Can you pay premium on your parent’s insurance for tax deduction?
Third-party payment is not allowed in the term insurance, says Naval Goel, founder and CEO, PolicyX.com
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Near term profitability of life insurers under pressure
As per the reports, the life insurance industry has cumulatively settled 25,500 Covid-related death claims worth Rs 1,986 crore in FY21
