Browsing: Insurance

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 .

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.

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.