What is the sum assured in an insurance cover?
The sum assured depends upon the income of the person and typically a maximum of up to 10 time...
Make sure insurance ads are clear, fair and not misleading: Irdai to insurers
The insurance regulator issued a circular laying down guideline...
Unusual Insurance: How startups are changing the insurance game
A number of tech startups are selling micro insurance covers — for broken spectacles and a missed flight.
IRDAI issues circular on advertising rules for insurance companies
Insurance buyers need to be aware that insurance companies are required to follow certain norms in advertising their policies. The aim of these restrictions is to ensure that insurance buyers should not get hoodwinked by aggressive advertising.
Stiff fines drive third-party motor insurance business
Insurers said that the stricter enforcement of penalties by the police has led to this massive surge in customers buying mandatory third-party motor insurance. Under the new provisions, driving an uninsured vehicle will lead to a fine of Rs 2,000.
Now, know how your insurance agent is being paid for policy sold to you
When a policy is sold to you, an insurance agent earns a commission. Also, there are promised rewards that are paid over the commissions for the sales targets achieved by them. The new rule by Irdai could work in the interest of policyholders.
When health, motor, personal accident insurance are more needed than life cover
Insurance is a way to ensure that you make provisions to face eventualities. You would do well to first incur that expense which protects you. Read on to know when health, motor and personal accident insurance are more needed than life cover.
Monthly premium for health insurance now allowed: Can you claim after paying for 2 months?
Till recently, health insurance policy premiums were only payable on annual basis.
3 financial gifts you can give your loved ones this Diwali
Gifting makes for an important part of our festive season spirit. But gifting is not just about dry fruits, money, gadgets and clothes, you ...
ICICI Prudential Life Q2 net profit remains flat at Rs 301 crore
The board has approved an interim dividend of Rs 0.80 per equity share for the first half of the current financial year.
Bajaj Finserv Q2 profit jumps 71% YoY to Rs 1,204 crore on strong revenue growth
The firm had posted a net profit of Rs 923 crore in the same quarter last year.
Share market update: Nifty Financial Services index rises; Indiabulls Ventures climbs 5%
The Nifty Financial Services index was trading 0.83 per cent up at 13,455.15 around 12:17 pm.
LIC dominance of India's life insurance market nears three-fourth mark
LIC registered a business growth of 18 percent in September against last year, and a very robust 42 percent in the first half of the financial year between April and September, the latest data released by insurance regulators IRDAI showed.
Should you opt for ULIP with minimum sum assured?
The sum assured is a minimum guaranteed amount that your Ulips gives your nominee in case of your death. The payout in case of death during the policy term is tax-exempt even in cases where the sum assured is less than 10 times of the premium paid.
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