Life Insurance Policy

Does Being Fit Lower Your Life Insurance Premiums?

.

Life insurance firms to discuss norms on surrender value on Sept 27 meeting

The life insurance companies, through the council, had sought a three-month extension from Irdai on implementing the new norms

Understanding Pension Plans: How They Work and Their Benefits

.

Govt looks to increase insurance cover under PMJJBY, PMSBY to Rs 5 lakh

Centre may increase cover from the current Rs 2 lakh to Rs 5 lakh under its flagship insurance schemes ahead of the high-stakes assembly elections in three states

HDFC Life, SBI Life stocks rally up to 3% on Gadkari's GST withdrawal plea

Life insurance stocks: While analysts laud the proposal to withdraw GST on life, medical insurance premiums, they suggest investors wait for the Finance Ministry's before taking any investment call

Life insurance premium; luxury pool villas: Top personal finance stories

This week's newsletter tells readers about the strategy they should follow as life insurance premiums rise and the best pool villas

Budget 2024: Govt likely to introduce insurance laws amendment bill

The government is likely to introduce a bill seeking amendments to the Insurance Act, 1938, during the upcoming Budget session to achieve 'Insurance for All by 2047'. Some of the provisions, which could be part of the amendment bill, include composite license, differential capital, reduction in solvency norms, issuing captive license, change in investment regulations, one-time registration for intermediaries and allowing insurers to distribute other financial products, sources said. The move will enable the entry of differentiated insurance companies like in the banking sector. The banking sector is currently categorised as universal bank, small finance bank, and payments bank. The provision of composite licenses would allow life insurers to underwrite health insurance or general insurance policies. As per the provisions of the Insurance Act, 1938, life insurers can only offer life insurance covers, while general insurers can offer non-insurance products like health, motor, fire, .

Slash GST on health insurance to 5% from 18%: Trade body to govt

Association says that renewal rates of the policies continue to decline due to frequent premium hikes and rising medical inflation

Women can get upto 30% off on first year premiums for this term plan

ICICI Prudential Life Insurance announced a lifetime discount of 15% exclusively for women on all the premiums to be paid, for its term insurance product, iProtect Smart.

Life insurance premium: How is it taxed; the loopholes explained

An individual is allowed to choose the life insurance policies with higher maturity yield for tax exemption and pay taxes on those whose maturity amount is less.

Taking a loan against life insurance policy is quicker, simpler, cheaper

Expect smaller loan approvals in policy's early years, which may necessitate selling of investments instead

Kotak Life Insurance launches non-linked par product Kotak G.A.I.N

Private sector life insurer Kotak Life Insurance on Tuesday launched a non-linked participating product Kotak G.A.I.N which offers long-term saving or income

Life Insurance Essentials: A Comprehensive Guide to Securing Your Financial Future

Life is full of uncertainties, and while we cannot predict the future, we can certainly take steps to secure our financial well-being and protect our loved ones.

Kotak Mahindra Life Insurance launch TULIP, combination of term, ULIP

Since it is a ULIP plan, customers have 8 fund options to choose from to invest their money

You may soon have to pay less as surrender charges for exiting your insurance policy

Companies deduct a surrender charge because they book upfront all their costs of selling a policy

Bajaj Allianz Life Insurance has a new 'increasing income' savings plan

Bajaj Allianz Life ACE - Increasing Income provides life cover with tax benefits and allows flexibility in determining policy terms, ranging from 10 years to 100 years of age

LIC launches new 'Jeevan Utsav' plan with lifetime guaranteed returns

The plan offers the choice to choose between two payout options - regular income and flexi-income benefits

Technology can help reach more customers in life insurance sector: LIC MD

Companies are focusing on digital boarding which can help focus on improving persistence in this sector, says R Doraiswamy

Table: Life insurance policy terms, rates of 10 leading companies

Policybazaar.com table explains what a customer living in a metro city will have to pay

Inflation biggest concern for Indians, only 6% sufficiently insured: study

To be sufficiently insured, experts believe that an insurance policy must provide 10 to 15 times the annual income of the household as coverage