PERSONAL ACCIDENTAL INSURANCE
Insurance frauds: How data analytics and rigorous checks are trying to eliminate bogus claims
Bogus claims are as old as the industry itself. Despite insurers’ best efforts, fraudsters have been mostly ahead of them. But with the rise in data analytics and rigorous checks, the industry at last appears to be close to eliminating such malpractices.
8 financial lessons learnt over the decades
The knowledge that I have gained over time, has done me good in life and I wish to share these ex...
IRDAI proposes to standardise, simplify policy wordings of health indemnity insurance policies
The objective of the guidelines on 'Standardiz...
Banks, telcos, insurers may be exempted from GST e-invoices
Banks, airlines, insurance companies, armed forces and telecom service providers are likely to be exempted from mandatory issuing of e-invoices under goods and services tax (GST), said people aware of the matter.
Standardised health insurance to help with portability: Tapan Singhel, Bajaj Allianz General Insurance
Liability insurance moving up very fast in times to come, says Singhel
Sachin Bansal buys DHFL General Insurance
Flipkart co-founder Sachin Bansal’s bet on the insurance firm is part of his broader ambition in financial services industry.
Cut in duty-free liquor quota may hit Adani, Zurich
While Zurich has bagged the contract to build the Greater Noida airport, Adani has successfully won the right to upgrade and manage six international airports, including Ahmedabad, Lucknow and Jaipur. Both Adani and Zurich have won the bids promising to share highest revenue share per passenger. If the quota for purchasing liquor is halved, then their maths will go wrong.
How to select the right life insurance policy
Personal accident insurance will cover the loss of income in case an accident leads to temporary disability.
Allahabad Bank in talks with Sompo to sell its stake in insurance JV
Allahabad Bank and Indian Bank will be merged from April as part of the mega merger exercise.
Offer standard health policies with maximum sum insured Rs 5 lakh: Irdai to insurers
Irdai has issued guidelines on standard individual health insurance, asking insurers to cover basic health needs.
Four personal finance lessons from two women
Without an income, there is no way to meet expenses. How much income is adequate for a household is defined by its expenses. A household cannot choose to be extravagant or thrifty but has to merely work within the defined contours of its income.
How health insurance has changed during the year 2019
There has been a consistent effort to standardise health insurance definitions through various regulatory amendments. The industry is experimenting with innovative ways to offer insurance in the form of small, affordable, bite-size policies.
Bar set high for insurance sandbox play
In Singapore, the rejection rate for the regulatory sandbox project was as high as 90 per cent.
Irdai slaps Rs 2.18 cr fine on Hero Insurance Broking for violating norms
In its order against Hero Insurance Broking India Ltd (HIBIL), Irdai said it received complaints from some general insurance agents association of the apparent conflict of interest in the role of MISPs in selling insurance policies and servicing and repairing motor vehicles under the insurance policies sold by it.
I am moving to France for my new job. Can I keep my PF account active?
If the contributions are not made to the PF account, then the account becomes inoperative. However, the account will continue to earn interest.
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