If you want to measure an insurer’s reputation, you should look at the key ratios of a company. The higher the claim settlement ratio, the greater are the chances of you getting a claim when you need it.
The Insurance Ombudsman seeks to promote fair practices in the insurance industry and enhance policyholder protection. Here’s how it goes about its work.
If you are not prepared for motherhood-related expenses and responsibilities right from the day you get pregnant, you would be inviting unnecessary trouble and stress for yourself and others. Hence, it’s important to be...
Life Insurance Corporation’s (LIC) Dhan Vriddhi Plan 869 is a non-linked, non-participating, single-premium life insurance plan with savings protection.
There are several myths associated with the term insurance plan. Knowing them is important to make a wise choice for yourself and your family. Read on to find more.
The RBI will protect your money deposited in any bank up to Rs 5 lakh in insolvent cases. Learn more about the deposits covered by the deposit insurance scheme.
The draft Motor Third Party Premium and Liability Rules for the Financial Year (FY) 2023-24 has been prepared in consultation with Insurance Regulatory and Development Authority of India (IRDAI), the ministry said.
Motor insurance portability allows you to switch to a new insurance provider. Read on to find more
Tenant insurance is a concept that only a few people are aware of in India. It is a temporary arrangement until you buy your home or have to shift for any...
The minimum entry age is 25 years and maximum entry age is 55 years. The sum assured is from Rs 50 lakh to Rs 2 crore in slabs of Rs 25 lakh
Personal loan insurance is designed to safeguard the dependents of the policyholder from facing the brunt of liabilities in the event of an unforeseen calamity...
Health insurance companies also offer wellness benefits these days. So, make sure to read through the terms and conditions to make the most out of the offers
Your age is one of the primary factors that influence the premium amount of your term insurance policy. The younger you are, the lower the premium.
A deferred annuity plan could help you with a steady cash flow in your retirement years. That said, it’s important to not buy one that doesn’t align with...
The non-linked, non-participating savings life insurance plan has been designed to generate assured and guaranteed income from the very first year of the...
In case of co-payments, insurance companies pay a part of the claim while the other part is borne by the policyholder. Read on to find more.
The minimum entry age is 18 years and minimum sum assured is Rs 25 lakh. The policy also offers a 10 per cent discount for first year premium for self-employed
Term insurance is crucial to protect the policyholder’s near and dear ones in the event of the person’s demise. However, equally significant is to buy the...
As the year draws to a close, we delve into four consumer-friendly regulations in insurance in 2022. Read on to know more.
Insurance companies cannot reject a claim if a mis-statement or non-disclosure is discovered after a three-year period following the commencement of the...
An actuary plays one of the most critical roles in the issuance of an insurance policy. An actuary deploys his/her knowledge of advanced analytical and...
Human life value is an important concept in calculating the total income that an individual is expected to earn over the course of his/her working life. This...
Cyber insurance is vital to protect you from harm caused by various cyberattacks. Know more.
The norms for buying term insurance have been relaxed for non-resident Indians (NRIs) and the plans have become more accessible through telemedical checkups....
Customers can apply for a car insurance claim online nowadays by uploading the necessary documents and images of the damaged vehicle on the insurers’ digital...
