New Delhi: Government may consider to privatize Oriental Insurance or United India Insurance Company. People with knowledge about the matter said that the government can consider their privatization as their financial health has improved after the capital investment. To further strengthen their financial health, the government is expected to invest...
New premium of life insurance firms rises 3.7 pc to Rs 21,390 cr in Jan
New Delhi: The new business premium of life insurance companies grew 3.72 per cent at Rs 21,389.70 crore in January 2021, data from Irdai showed on Monday. All the 24 life insurance companies had collected s total first-year or new business premium of Rs 20,623.01 crore in year-ago same period,...
Coronavirus: How COVID-19 Pandemic Turned the Tables for Health Insurance in India?
The world changed drastically with the onset of coronavirus at the beginning of 2020. A disease, which originated in China, soon turned into a pandemic making people across the world kneel to its whims and fancies. It challenged globalization, banned leisure travel and forced people to confine to their homes...
Insurance companies allowed to issue policies in electronic form
New Delhi: Irda, the insurance sector regulator, has now allowed general and health insurance companies to issue policies in electronic form. Giving this information on Friday, a senior official of IRDA said that in future, the policy of issuing insurance policy in electronic form will be made. TL Alamelu, a...
If you want to buy life insurance, GST will follow you, know how much it will cost
New Delhi. As different life insurance policies are available, the Goods and Services Tax (GST) applicable to them also varies. Insurance companies always quote the premium exclusive of GST, which is added when purchasing the policy. Term plans or pure insurance plans which are the cheapest, charge a GST of 18% as...
This new rule applies to all insurance companies
New Delhi. The Insurance Regulatory and Development Authority (IRDAI) informed all insurance companies that, from April 1, all general and health insurance companies will have to introduce a standard health insurance product – Arogya Sanjivani Policy – relating to hospitalization, pre and post treatment and AYUSH treatment. Will include basic...
Secure Your Health With Bajaj Finserv Water Purifier Insurance.
Pune, India: Clean and safe drinking water is important to ensure the health of your family. As per a recent news report, over 600 million Indians face acute water shortage, and around 2 lakh people die every year due to consumption of polluted water. In most parts of the country, groundwater...
Top health insurance plans
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 .
Term plan premiums
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.
ICICI Prudential’s sluggish annual premium growth may impact valuations
The tilt in ICICI Prudential Life Insurance Company Ltd’s business mix towards protection from savings may have helped the company report an improvement in profit metrics, pushing its shares 4.8% higher over two trading days.