Insurance Cover

How ECGC covers detrimental risks faced by exporters to boost exports

ECGC has an impressive track record of adopting innovative insurance policies to aid and assist Indian exporters in enhancing their export performance

Fairfax-backed insurance firm Go Digit set to float IPO on May 15

Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group, is set to launch its initial public offering on May 15. The initial share sale will conclude on May 17 and the bidding for anchor investors will open for a day on May 14, according to the Red Herring Prospectus (RHP). Go Digit's proposed IPO comprises fresh issuance of equity shares worth Rs 1,125 crore and an Offer For Sale (OFS) of 5.47 crore equity shares by a promoter Go Digit Infoworks Services and existing shareholders. At present, Go Digit Infoworks Services owns an 83.3 percent stake in the company. Proceeds from the fresh issuance have been proposed to be utilised for the augmentation of the company's capital base and maintenance of solvency levels and general corporate purposes. Cricketer Virat Kohli and his wife and actor Anushka Sharma are among the investors in the firm. They are not selling any shares in the IPO. In March, Go Digit secured approval from the Securities and Exchange Board of

Cover under Ayushman Bharat health insurance scheme likely to be doubled

The government is working on finalising a proposal to double the insurance cover under its flagship Ayushman Bharat health scheme to Rs 10 lakh to ensure that serious diseases like cancer and transplants that entail more expenditure are supported by it, official sources said on Wednesday. An announcement to this effect is likely to be made in the interim Union Budget on February 1, the sources told PTI. The Union health ministry is also planning to double the beneficiaries to 100 crore under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) to include Kisan Samman Nidhi recipients, construction workers, non-coal mine workers and ASHA workers in the next three years. "In order to ensure that serious illnesses requiring expenditure of more than Rs 5 lakh such as transplants and high-cost cancer treatments etc. are also covered under AB PMJAY, the ministry is working on finalising a proposal to increase the cover amount from Rs 5 lakh per family per year to Rs 10 lakh pe

Insurance claims drop 30-35% during Chennai floods compared to 2015

This is noteworthy considering the number of policies issued across India by general insurers rose by 74 per cent in 2021-22 compared to 2014-15

Persistency ratio must improve for life insurance customers: CEOs at BFSI

Work done by life insurance industry led to economic revival amid Covid

Chatroom: 'Drawback of IGST also available on re-export of imported goods'

This is subject to submission to Customs a certificate from the local GST officer that input tax credit has not been taken, and no refund of such ITC or IGST paid on the goods has been claimed

Char Dham pilgrims to get Rs 1 lakh accident insurance cover: Minister

Pilgrims of Char Dham Yatra will get an insurance coverage of Rs 1 lakh if they meet with an accident on the premises of Kedarnath, Badrinath, Gangotri and Yamunotri

The promise and pain of insuring natural disasters at the state level

While claims and compensation for victims are settled expeditiously, the pressures on revenues prevent many states from making top-up contribution to the SDRF and NDRF

Benefits offered by OPD cover should be in line with your family's needs

If OPD coverage is built into a policy, or is offered as a rider, the limit will be specified

Heading to developed country? Opt for larger sum insured, say analysts

If you plan to travel abroad soon, one way you can protect yourself is by purchasing adequate travel insurance

Greater insurance cover or low premium: Strike a balance, say experts

It is advisable to buy a policy that offers more comprehensive coverage

Cyclone Tauktae: Consider Bharat Griha Raksha to shield against calamities

To safeguard your vehicle against a cyclone, supplement a comprehensive motor policy with a couple of add-ons

Insurance companies can provide cover to investors in tough times

Firms will gain if they do a balancing act between claims and income

Payout from EPFO insurance scheme is tax free: Check details here

The minimum death benefit under the scheme has been fixed at Rs 2.5 lakh, with effect from February 15, 2020. A bonus is also available under the scheme. The maximum is Rs 1.75 lakh

Be mindful of sub-limits on mental illnesses in your insurance cover

OPD covers compensate for counselling sessions, but these always have a sub-limit

Deposit maturity claim documents at nearest office anywhere, says LIC

But it will be valid till the end of the month

Comparing insurance products difficult? Opt for a standard policy

Evolved buyers with specific needs should go for comprehensive personal accident cover

Compare prices across term insurance plans to get best deal: Experts

Increase payment tenure, go for monthly premium to counter hike in term rates

Choose hospital cash benefit plan, cut your out-of-pocket spend

This is a supplement to and not a substitute for the regular hospitalisation cover

A term policy is the preferred option for covering home loan liability

A home loan protection plan could pose problems if you wish to switch or foreclose your loan