Kolkata: Canara HSBC Oriental Bank of Commerce Life Insurance has strengthened its Guaranteed Savings portfolio with a new “Guaranteed Income4Life” plan acknowledging the needs of the customers in the given hour. It is a Non-Linked, Non-Par Individual Life Insurance Savings cum Protection Plan which not only offers an individual the...
IRDAI Panel For Separate Payments Of Vehicle, Insurance Premium
New Delhi: The Insurance Regulatory and Development Authority of India (Irdai) had issued MISP guidelines in 2017 with the intention of streamlining the process and bringing the practices of vehicle insurance, being sold by automotive dealers under the provisions of the Insurance Act, 1938. Buyer of a new vehicle may...
LIC provides another opportunity to revive lapsed policies
New Delhi: The insurance behemoth has launched a Special Revival Campaign starting from January 7 till March 6 for its customers to revive their lapsed individual policies subject to certain conditions. It has also authorised its 1,526 satellite offices to revive policies where special medical tests are not required. "Under...
Aditya Birla Sun Life Insurance launches ABSLI Assured Income Plus
Kolkata: Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), today announced the launch of its new plan ABSLI Assured Income Plus. ABSLI Assured Income Plus offers guaranteed monthly income to fulfil monetary requirements of an individual and their family’s recurring needs for...
Care Health Insurance Launches Innovative Triple-Advantage Product Care Shield
Add-on cover available with Care Health’s comprehensive hospitalization products such as Care, Care Advantage, Care Freedom and moreComes with a troika of innovative benefits: Inflation Shield, Claim Shield and No Claim Bonus Shield Care Health Insurance (formerly Religare Health Insurance) today announced the launch of its latest, innovative product, Care Shield....
Importance of insurance cover for youngsters
Insurance is required to get the important financial security for your future. If you have been postponing the plans of buying an insurance product, then here is some advice for you. Check out the kind of coverage you require first - is it health, car, home, accident insurance? Depending on...
Importance of having a personal accident insurance policy
We don't live in the olden times when we needed to visit hospitals or take medical intervention only after the age of 50 or 60 years. Times have changed and you need medical help right from the day you are born nowadays because anything can happen at any point of...
Teachers seek coronavirus insurance with the reopening of schools
A huge private non-life insurance company received many calls for group health plans last month. The insurance company got these calls from some schools in Haryana who were looking only to get coronavirus insurance for all their teachers. Coronavirus hospitalization is not a joke and hence, getting teachers insured as...
Bids sought from actuarial companies to value LIC
New Delhi: In the tender notice, DIPAM has said that the LIC needs to develop an Indian Embedded Value (IEV) reporting framework for necessary disclosures for the proposed IPO. Embedded value (EV) refers to a common valuation measure used mainly by life insurance companies to estimate the consolidated value of...
E-rewards don’t seem to attract star performer life insurance agents
Due to the coronavirus pandemic, sales incentives which had cash bonuses, international trips, rich parties at casinos every year has been replaced with e-rewards for life insurance agents. However, e-rewards don't seem to lure the attention of star performer life insurance agents. Moreover, 2020 has been a dull year for...