What is the Free Look Period? The policyholder has 15 days from the date of receipt of the policy to review the terms and conditions of the policy. In case he disagrees to any of the terms and conditions, then he can exercise the option to return the policy, stating the reasons … [Read more...] about What is Free Look Period?
Life Insurance
AVIVA i-Life Online Term Plan : Review
Salient features of AVIVA i-Life 1- The minimum sum assured for iLife plan is Rs. 25 Lakhs while there is no maximum limit set but subject to underwriting requirement. 2- The minimum and maximum entry age for iLife plan is 18 years and 55 years respectively. 3- The maximum … [Read more...] about AVIVA i-Life Online Term Plan : Review
Canara HSBC Oriental Bank of Commerce Life Insurance Launches Life Insurance Simulator
Canara HSBC Oriental Bank of Commerce Life Insurance Launches Life Insurance Simulator (LIS). What is Life Insurance Simulator (LIS)? LIS is an interactive financial need assessment software that takes the customer through a series of simple steps to assess the amount he … [Read more...] about Canara HSBC Oriental Bank of Commerce Life Insurance Launches Life Insurance Simulator
IDBI Federal Life launches 'IDBI Federal Retiresurance Milestone Pension Plan'
IDBI Federal Life Insurance has launched single premium pension product 'IDBI Federal Retiresurance Milestone Pension Plan'. Salient features of Retiresurance Milestone Pension Plan 1- Guaranteed Maturity Value 2- Guaranteed Loyalty Additions 3- Guaranteed and Special … [Read more...] about IDBI Federal Life launches 'IDBI Federal Retiresurance Milestone Pension Plan'
Aviva Life launches online term plan Aviva i-Life
Private Insurer Aviva Life Insurance has launched its online term plan Aviva i-Life, with a minimum cover for Rs 25 lakh with no upper limit. Aviva i-Life is the term plan, which can be purchased only online. Salient features of i-life term plan 1. The minimum sum assured … [Read more...] about Aviva Life launches online term plan Aviva i-Life
Edelweiss Tokio Life Insurance gets R3 approval from IRDA
Edelweiss Tokio Life Insurance Company Limited got its final stage R3 (Certificate of Registration) clearance from the Insurance Regulatory & Development Authority (IRDA) in order to operate in the Life Insurance space. Earlier, the Insurance Regulatory & Development … [Read more...] about Edelweiss Tokio Life Insurance gets R3 approval from IRDA
Private life insurers have lost market share in FY2010-11
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
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?