Page 15 - Life Insurance

Govt to hire Deloitte, SBI Capital Markets to help LIC prepare for IPO

Prime Minister Narendra Modi's government is keen to go ahead with the initial public offering -- potentially India's biggest -- to help plug a widening budget gap.

Not a good idea: Surrendering insurance policy early entails higher loss

To avoid losing protection cover, explore the option of taking a loan against it

Insurance firms see surrenders decline in Q1, brace for trend to change

Companies look to hedge against policy surrenders by providing short-term loans as succour in pandemic

Life insurers see new business premium rise 7% in July to Rs 22,986 cr

Private insurers, 23 in all, amassed NBP of Rs 7,815 cr in July, up 26% from Rs 6,197 cr a year ago

IRDAI allows life insurers to issue policies electronically due to Covid-19

The regulator further said there will be a mandatory 30-day free look period for all such electronic policy documents

India Coronavirus Dispatch: Challenges in claiming death insurance

Cases growing fastest in India, how vaccine nationalism threatens to block recovery, and how schools can make up for the lost time-roundup of news on how India is dealing with the pandemic.

Term insurance products selling more during Covid-19 crisis: Survey

The term insurance ownership was highest across different categories of life insurance products, with 41 per cent metro respondents owning term products

Federal Bank to buy another 4% stake in its JV from IDBI Bank for Rs 80 cr

The stake buy from the state-run IDBI Bank will take Federal Bank's stake in the 12-year-old company to 30%

Promise of guaranteed return plans are appealing, but compare their IRR

A combination of term plan, MFs may be volatile but is likely to get higher returns

Tips to protecting your home and hearth against natural calamities

When buying a home insurance cover, opt for reinstatement value as the sum insured

New business premium of life insurance companies declines 25% in May

For the most part of April and May, the country was in a lockdown and businesses found it difficult to conduct their operations, despite some relaxations from the government

Urgent need to standardise rates in hospitals: ICICI Lombard MD & CEO

The reason we need standardisation is because it will smoothen the process for customers as there won't be any dispute with hospitals, says Bhargav Dasgupta, ICICI Lombard MD & CEO

Middle age conundrum: The wisdom and the agony of advancing years

That is what age is. The body doesn't know how to heal itself because you weren't supposed to be here in the first place

Regular health insurance policies cover Covid-19, says Irdai chairman

IRDAI has received an overwhelming response to the Regulatory Sandbox initiative which is a mechanism created to foster innovation in insurance sector

Compensate for loss of life on duty

A Home Guard would be considered on duty from the time he set out from his home and until he returned

Opt for monthly payment of term premiums as insurers get set to hike rates

Some insurers have already started increasing premiums, and others are expected to do so in the next six months

Covid-19 outbreak: Update insurance, tax and KYCs amid lockdown 4.0

Utilise the relaxed phase to complete unfinished tasks on personal finance agenda

Tips to get loans and tide over a cash crisis in these difficult times

You are more likely to get one from a bank with which you already have a relationship

7 personal finance tips to guide you through these unprecedented times

Coming out of these unusual times financially fitter and stronger would require discipline, perseverance, conservancy tricks and fortitude. Here are some handy tips for millennials

Covid-19 impact: Life Insurer's new business premium declines 32% in March

For the month of March, the new business premiums of life insurance companies stood at Rs 25,409 crore compared to Rs 37,459 core in March 2019.