Following withdrawal of legal tender character of old Rs. 500 and Rs. 1,000 denomination notes from November 9, government has put restrictions on cash withdrawals from banks and ATMs. People are facing cash crunch, so IRDAI has asked life insurance companies to provide an … [Read more...] about IRDAI – Policyholders get 30 days more to pay premium
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Motor Third Party Insurance Premium Set to Increase
The IRDAI, in its draft circular on third-party motor insurance premium, proposed a premium hike in the range of 10-29% from 1st April 2016. What is third-party insurance? Third-party insurance is mandatory for all motor vehicles in India. The premium of motor third-party … [Read more...] about Motor Third Party Insurance Premium Set to Increase
Magma HDI and Liberty Videocon have received R3 License
IRDA has issued R3 license to Magma HDI General Insurance and Liberty Videocon General Insurance. Magma HDI General Insurance is a joint venture between Magma Fincorp Limited and HDI-Gerling International Holding AG, Germany. Liberty Videocon General Insurance is a … [Read more...] about Magma HDI and Liberty Videocon have received R3 License
Religare Health gets R3 approval from IRDA
Religare Health 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 General Insurance space. Religare Health Insurance Company Limited is promoted by … [Read more...] about Religare Health gets R3 approval from IRDA
Budget 2012 – Changes to Insurance Industry
General 1. Implementation of Direct tax code has again been deferred and won’t be applicable from 1st April, 2012. 2. Service tax rate increased from current 10% to 12%. This would mean life insurance premium will go up. Life Insurance Currently it is necessary that in … [Read more...] about Budget 2012 – Changes to Insurance Industry
IRDA to streamline servicing of ‘orphaned’ life insurance policies
If your agent stopped servicing life insurance policy after making you buy it, there is nothing to worry. Such policies, which are ‘orphaned' due to exit of an agent from the profession after selling a policy, should be well-serviced by the insurers by allotting them to other … [Read more...] about IRDA to streamline servicing of ‘orphaned’ life insurance policies
IRDA Study : One out of every four people don't think that life insurance is important
One out of every four people do not think that life insurance is important, reveals an IRDA sponsored study. Salient Points of Study 1. The study also suggested that private sector and the government should work together in Public-Private Partnership (PPP) mode to enhance … [Read more...] about IRDA Study : One out of every four people don't think that life insurance is important
Bharti AXA Life launches online term plan 'iProtect'
Bharti AXA Life Insurance has launched online term insurance product - Bharti AXA Life iProtect. Features of iProtect 1- Affordable life insurance premium rates 2- Life Insurance Benefit 3- Reward for non-smokers, premium discounts on the term insurance policy 4- Hassle … [Read more...] about Bharti AXA Life launches online term plan 'iProtect'
LIC launches child plan – 'Jeevan Ankur'
LIC has launched new conventional child plan - 'Jeevan Ankur'. This product is designed to meet the educational and other needs of the child. A conventional, with profits plan, ‘Jeevan Ankur', covers the risk on the life of the parent and the named child shall be the nominee … [Read more...] about LIC launches child plan – 'Jeevan Ankur'
Buy Online Term Insurance, Save More
Source - LiveMint.com … [Read more...] about Buy Online Term Insurance, Save More