LIC had over 282 million policies in force as of September 30, 2021, but policyholders tend to have more than one 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
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
The regulator has issued the directive to general and health insurers in view of the growing number of cases of the Omicron variant
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
The National Commission observed that both the insured and his spouse were doctors and hence capable of understanding the scope of the policy
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
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
Select a dependent or person likely to shoulder family's financial responsibilities
Supplement a policy with a substantial emergency corpus
Earlier, insurance companies were allowed to offer these policies till March 31, 2021
Evolved buyers with specific needs should go for comprehensive personal accident cover
Increase payment tenure, go for monthly premium to counter hike in term rates
Those travelling to developed countries or needing elaborate coverage should consider existing plans
The Covid-19 pandemic has exposed several faultlines in our health systems: Private healthcare is expensive while public healthcare can be inadequate
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
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
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
Those buying these plans should bear in mind that gains at maturity may not be tax-free
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