Author: Finance Khabar

If you settle with the plan your agent sells or are happy knowing you have bought the cheapest plan, there is a bit of unlearning and a lot of learning in store for you .

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The claims settlement rate is measured by the benefit amount or the sum assured, as a lower settlement rate is indicative of high ticket-size policies being rejected.

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The Insurance Regulatory and Development Authority of India (Irdai) recently issued an order against Reliance Nippon Life Insurance Co. Ltd for exceeding expenses of management (EoM) beyond the permissible limits. It was found that the insurer’s actual EoM for FY15-16 were ₹1,632.24 crore against the limit of ₹1,069.20 crore.

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Renting a house in most Indian cities is usually difficult for people, especially millennials and those who have just started working, due to the high security deposits and other conditions that owners place. But that does not mean owners land the sweeter deal. Giving your house on rent usually is a huge risk, given innumerable cases of squatting and tenants causing damages to the property.

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The world’s developed economies have got a new stage of unemployment – its level is back down to before financial crisis. According to data from OECD unemployment level fell 5.6pc in October across the 35 countries, while in 2010 its peak was 8.5pc. The eurozone overall still suffers a jobless rate of 8.8pc, below its 12.1pc peak in 2013 but above its 2008 level of 7.4pc.

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The world’s developed economies have got a new stage of unemployment – its level is back down to before financial crisis. According to data from OECD unemployment level fell 5.6pc in October across the 35 countries, while in 2010 its peak was 8.5pc. The eurozone overall still suffers a jobless rate of 8.8pc, below its 12.1pc peak in 2013 but above its 2008 level of 7.4pc.

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