Apollo Munich Health Insurance has launched health insurance plan - ‘Optima Restore'. Optima Restore offers a ‘restore' benefit that automatically reinstates the basic sum insured in case it is exhausted within the policy year. So, if the policyholder uses up the cover and … [Read more...] about Apollo Munich launches ‘Optima Restore'
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AEGON Religare launches new child plan – 'Educare'
AEGON Religare Life has launched a child plan - 'Educare'. This plan provides the insured with lump sum payouts during the last four policy years. This plan has got two types of benefit payout options in case of the insured unfortunate demise - Option 1: In case of your … [Read more...] about AEGON Religare launches new child plan – 'Educare'
Star Union Dai-chi launches endowment plan – 'Dhan Suraksha Platinum'
Star Union Dai-chi Life (SUD Life) has launched a non-participating traditional endowment plan - 'Dhan Suraksha Platinum' Dhan Suraksha Platinum is a unique plan that has a strong combination of guaranteed savings for the future and guaranteed protection. This single premium … [Read more...] about Star Union Dai-chi launches endowment plan – 'Dhan Suraksha Platinum'
IRDA : Dismantling of existing Indian Motor Third Party Pool
The Insurance Regulatory and Development Authority has created a Motor Third Party Declined Risk Insurance Pool. It provides mandatory third party cover for commercial vehicles. The existing motor third party pool will be dismantled with effect from March 31, 2012. The motor … [Read more...] about IRDA : Dismantling of existing Indian Motor Third Party Pool
MetLife launched unit-linked child plan – 'Met Smart Child'
MetLife India Insurance has launched a new unit-linked child plan - 'Met Smart Child'. The unique feature of Met Smart Child is that the fund is locked in for the benefit of the child till the child turns 18. This will ensure that the fund never gets misused and is solely used … [Read more...] about MetLife launched unit-linked child plan – 'Met Smart Child'
Kotak Life Insurance launches ULIP- 'Kotak Invest Maxima'
Kotak Life Insurance has launched an investment oriented Unit Linked Insurance Plan (ULIP)- 'Kotak Invest Maxima'.The plan offers a zero premium allocation charge feature maximizes the investible component the choice of three different portfolio management … [Read more...] about Kotak Life Insurance launches ULIP- 'Kotak Invest Maxima'
Bajaj Allianz Life launches new ULIP – Guaranteed Maturity Insurance Plan
Bajaj Allianz Life Insurance has launched new ULIP - Guaranteed Maturity Insurance Plan. This ULIP provides at maturity at least twice the value of single premium paid along with life cover. With minimum single premium at Rs 5,000, the product offers the lowest single premium … [Read more...] about Bajaj Allianz Life launches new ULIP – Guaranteed Maturity Insurance Plan
Irda issues IPO norms for Life Insurers
Insurance Regulatory and Development Authority (IRDA) has came out with guidelines allowing life insurance companies, which have been in business for over 10 years, to raise funds from the public through IPOs. Some Points: 1- No life insurer can approach market regulator … [Read more...] about Irda issues IPO norms for Life Insurers
IRDA launches mobile website for comparing insurance products
The Insurance Regulatory and Development Authority has introduced mobile applications on Android, iPhone, Nokia and Blackberry platforms and a wap site that enables users to compare insurance products and premium rates. The application currently lets users of mobile … [Read more...] about IRDA launches mobile website for comparing insurance products
IRDA tightens rules for online insurance aggregators
The Insurance Regulatory and Development Authority (IRDA) has tightened rules for Web sites and portals vending insurance products. These new Guidelines shall apply with effect from 1st February, 2012. At present, there are no standards or rules for these sites (also known as … [Read more...] about IRDA tightens rules for online insurance aggregators