All life insurers, both public and private, are committed to process any death claim pertaining to COVID-19 at the earliest,the Council said in a statement
Irdai has already provided additional time for payment of renewal premium in case of health insurance policies and motor third party insurance.
Life insurance riders are additional benefits over a primary policy, which come into play in case of a specific eventuality
Life Insurance Corporation has offered relaxation to policyholders on payment of premiums due on inforce policies up to April 15
With instant life insurance cover through a digital policy as its core value proposition, such policies do not require medical tests or paperwork.
Dividend income holds a significant share in the profit before tax of a life insurance company, of 24-37 per cent in 2018-19, it is estimated
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The consolidated income in the third quarter of 2019-20 rose to Rs 5,006.12 crore, from Rs 4,465.76 crore in same period year ago
It is necessary to have a policy. But it need not be a burden on your budget
The 11-22 per cent increase in premium income, new offerings and push towards protection products are important drivers
LIC chairman said although life insurance had been one of the fastest-growing sectors in India, the vast uninsured population and market potential put the achievement of insurance players in the shade
If you are risk tolerant, adopt an aggressive investment strategy and invest in market-linked funds
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There are only 220,217 MF distributors compared to 2.1 million insurance agents
But in terms of sum assured or scope of coverage, the products are unlikely to meet your needs
Make changes where required so that your investment and insurance portfolio are equipped to meet the rigours that 2020 may have to offer
The share of women in terms of number of policies is 36%, higher than what it was in FY18 at 32%
The rising awareness of life insurance as a protection product is giving strong traction to the sector
Good growth in high-margin products, persistency and reach augur well; risk-averse investors could buy the dips
SBI Life touched a life-time high of Rs 1,030 per share on October 30, 2019, while ICICI Pru Life hit a record high on November 8, 2019.