Life Insurance Industry growth has registered an increase of 15% in new premium income to Rs.125, 826 crore in 2010-11. The total premium for the entire private sector life insurance industry is pegged at Rs.39,381 crore in 2010-11. Private life Insurers registered a … [Read more...] about Private life insurers have lost market share in FY2010-11
File your health insurance claim within seven days, or else…rejection
Ramesh has a health insurance policy for the last 2 years. When his wife admitted to hospital, he was sure that he will get the full amount from health insurance policy. He was not provided the cashless claim by the TPA because the hospital was not on the panal. He has the option … [Read more...] about File your health insurance claim within seven days, or else…rejection
Private life insurance sector saw a decline of four per cent in first year premium income in FY 2010-11
As per Analysis of IRDA First Year Premium Income Report on the private life insurance sector saw a decline of four per cent to Rs 30,451 crore during the FY 2010-11. As many as 10 companies, of the total 22 private players accounting for 36.8 per cent of the total life … [Read more...] about Private life insurance sector saw a decline of four per cent in first year premium income in FY 2010-11
Canara HSBC Oriental Bank of Commerce Life Insurance launches Insure Smart
Canara HSBC Oriental Bank of Commerce Life Insurance has launches Insure Smart Plan - A unit-linked insurance plan. Insure Smart Plan provides the option of NAV guarantee fund. Key features of Canara HSBC Oriental Bank of Commerce Life Insurance Insure Smart Plan are - NAV … [Read more...] about Canara HSBC Oriental Bank of Commerce Life Insurance launches Insure Smart
Wrong insurance product sold, what to do now?
Relationship manager of a leading private bank had suggested an investment cum insurance product to Vipul, a ULIP policy, which their bank was offering due to their tie up with an insurance company. The Relationship Manager explained Vipul all the policy terms in details. Vipul … [Read more...] about Wrong insurance product sold, what to do now?
Why insuring your home is must?
The recent earthquake and then tsunami in Japan has raised concern to cover our self with adequate life insurance and more particularly home insurance. In India, we only take home insurance when we take home loan. But most of us forgot that most of us are living in earthquake … [Read more...] about Why insuring your home is must?
Why should you have both – Health Insurance and Critical Illness?
Health Insurance or Critical Illness policy, not sure which policy to buy – check here which one is best for you. What is Health Insurance? Health insurance is a form of reimbursement insurance that pays you the cost of hospital expenses for any covered illness, disease, or … [Read more...] about Why should you have both – Health Insurance and Critical Illness?
Future Generali launches – Future Generali Wealth Protect
Future Generali India Life Insurance Company has launched a flexible Unit Linked Insurance Plan - Future Generali Wealth Protect. Enhanced protection can be availed through opting for Riders - Accidental Death Benefit, Accidental Total and Permanent Disability Benefit, … [Read more...] about Future Generali launches – Future Generali Wealth Protect
Third party motor insurance premium rates will increase (upto 68%) from 25th April’2011
Insurance Regulatory and Development Authority (IRDA) released the new premium rate structure for third party motor insurance. The new rates that will be effective from April 25 are expected to impact the commercial transporters more than private individuals. The third party … [Read more...] about Third party motor insurance premium rates will increase (upto 68%) from 25th April’2011
What is a Nomination?
What is a Nomination? An investor can nominate a person(s) called nominee(s) to whom his/her Mutual Fund Units will be transferred on his / her demise. The investment proceeds will get transferred to the nominee registered on the demise of the Investor. What are the … [Read more...] about What is a Nomination?