Business Standard

Page 2 - Insurance Policies

LIC IPO: 10.8 million eligible to avail of policyholders' quota

LIC had over 282 million policies in force as of September 30, 2021, but policyholders tend to have more than one policy

LIC IPO: 10.8 million eligible to avail of policyholders' quota
Updated On : 04 Mar 2022 | 6:10 AM IST

Budget 2022: Healthcare providers seek favourable insurance policy

Healthcare providers suggest that the Union government bring in a favourable policy in the upcoming Union Budget to encourage all Indians to opt for health insurance

Budget 2022: Healthcare providers seek favourable insurance policy
Updated On : 31 Jan 2022 | 12:44 PM IST

Indian insurers put in place waiting period for people recovered from Covid

People who have recovered from coronavirus infection will have to wait for up to three months before they can take a new life insurance policy

Indian insurers put in place waiting period for people recovered from Covid
Updated On : 14 Jan 2022 | 1:58 PM IST

Covid insurance policies will also cover Omicron treatment costs: Irdai

The regulator has issued the directive to general and health insurers in view of the growing number of cases of the Omicron variant

Covid insurance policies will also cover Omicron treatment costs: Irdai
Updated On : 03 Jan 2022 | 8:13 PM IST

Get policy terms changed during free look-in period

The commission observed that the cheque was remitted in accordance with the terms of the policy, and it was not possible to hold the company liable

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Updated On : 05 Dec 2021 | 8:54 PM IST

Understand policy coverage before buying

The National Commission observed that both the insured and his spouse were doctors and hence capable of understanding the scope of the policy

Understand policy coverage before buying
Updated On : 24 Oct 2021 | 11:02 PM IST

Insurer must pay declared value for total loss

The National Commission agreed with the State Commission's view that neither party had managed to prove that the price mentioned by them was the last market price

Insurer must pay declared value for total loss
Updated On : 16 Aug 2021 | 3:12 AM IST

PNB MetLife announces Rs 532 crore bonus for policyholders in FY21

PNB MetLife India Insurance Company has announced a bonus of Rs 532 crore for the eligible policyholders of participating products during 2020-21. This bonus is 7 per cent higher than that in previous year. PNB MetLife said it has been consistently declaring bonus on participating products every year and 4.6 lakh customers, whose policies are in force as of March 31, 2021, will be benefiting from this bonus. Policyholder bonus is the share of profits generated by the company's participating funds which is paid to the customers at various benefit events. PNB MetLife's strong fund management capabilities coupled with robust risk management practices have enabled the company to reward policyholders with higher bonus payouts, the insurer said in a release on Friday. Ashish Kumar Srivastava, MD & CEO, PNB MetLife, said despite these trying times, the company has delivered steady growth on participating products over the years. "The declaration of this Rs 532 crore bonus reinforces our

PNB MetLife announces Rs 532 crore bonus for policyholders in FY21
Updated On : 16 Jul 2021 | 5:38 PM IST

Don't delay choosing nominee for life insurance policy, say analysts

Select a dependent or person likely to shoulder family's financial responsibilities

Don't delay choosing nominee for life insurance policy, say analysts
Updated On : 15 Jun 2021 | 6:10 AM IST

Low sum insured, sub-limits give rise to partial payouts: Experts

Supplement a policy with a substantial emergency corpus

Low sum insured, sub-limits give rise to partial payouts: Experts
Updated On : 14 Apr 2021 | 6:10 AM IST

Irdai extends timeline for sale and renewal of Covid specific products

Earlier, insurance companies were allowed to offer these policies till March 31, 2021

Irdai extends timeline for sale and renewal of Covid specific products
Updated On : 24 Mar 2021 | 9:32 PM IST

Comparing insurance products difficult? Opt for a standard policy

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

Comparing insurance products difficult? Opt for a standard policy
Updated On : 02 Mar 2021 | 6:10 AM IST

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

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

Compare prices across term insurance plans to get best deal: Experts
Updated On : 26 Feb 2021 | 6:10 AM IST

Standard travel policy to ease purchase of product: Who should go for it?

Those travelling to developed countries or needing elaborate coverage should consider existing plans

Standard travel policy to ease purchase of product: Who should go for it?
Updated On : 08 Jan 2021 | 6:10 AM IST

Covid-19: Insurers are denying policies to disabled despite govt strictures

The Covid-19 pandemic has exposed several faultlines in our health systems: Private healthcare is expensive while public healthcare can be inadequate

Covid-19: Insurers are denying policies to disabled despite govt strictures
Updated On : 25 Nov 2020 | 1:16 PM IST

At 40%, we are growing faster than industry: Sarbvir Singh of Policybazaar

In an interview, Singh talks about why the demand has moderated in Q2 and how the growth in the health segment may not be sustainable as the fear of Covid-19 wanes

At 40%, we are growing faster than industry: Sarbvir Singh of Policybazaar
Updated On : 18 Nov 2020 | 6:10 AM IST

Insurance policy for vector-borne diseases like dengue, malaria on anvil

Health and general insurers will soon be permitted to offer specific insurance cover to the public for treatment of vector-borne diseases like dengue, malaria and chikungunya

Insurance policy for vector-borne diseases like dengue, malaria on anvil
Updated On : 13 Nov 2020 | 9:09 PM IST

HDFC Life's PAT rises 5.6% to Rs 326 cr in Q2, net premium income up 35%.

The insurer also saw a 15% rise in first year premium in Q2FY21 at Rs 1,675.15 crore, compared to Rs 1,452.72 crore in the corresponding period last year

HDFC Life's PAT rises 5.6% to Rs 326 cr in Q2, net premium income up 35%.
Updated On : 20 Oct 2020 | 1:31 AM IST

Covid, income fears see shift to single-premium plans. How good are they?

Those buying these plans should bear in mind that gains at maturity may not be tax-free

Covid, income fears see shift to single-premium plans. How good are they?
Updated On : 16 Oct 2020 | 12:53 PM IST

Irdai allows renewal, migration and porting of Covid specific policies

The Indian insurance regulator has allowed renewal, migration and portability of Covid-19 specific standard health insurance policies -- Corona Kavach, Corona Rakshak and Group Corona Kavach Policy

Irdai allows renewal, migration and porting of Covid specific policies
Updated On : 14 Oct 2020 | 10:45 AM IST