Kotak Life Insurance has launched two traditional child plans — Kotak Child Edu Plan and Kotak Child Future Plan. Kotak Child Edu Plan addresses the future financial requirements of children aged between 0 (newborns) and 10 years and Kotak Child Future Plan addresses the … [Read more...] about Kotak Life launches child plans – Kotak Child Edu and Kotak Child Future
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HDFC Life launches online term plan 'Click 2 Protect'
HDFC Life launches online term plan 'Click 2 Protect'. HDFC Life Click 2 Protect term life insurance plan is for any individual who is at least 18 years or below 55 years. Click 2 Protect policy term is minimum of 10 years and maximum of 30 years. How Much Cover? The … [Read more...] about HDFC Life launches online term plan 'Click 2 Protect'
Bharti AXA Life Insurance has launched two new plans
Bharti AXA Life Insurance has launched two new products - Bharti AXA Life Future Invest and Bharti AXA Life Power Kid Insurance Plan. 'Future Invest’ is a limited pay plan focused on wealth creation and ‘Life Power Kid Insurance Plan’ is a unit-linked comprehensive child plan. … [Read more...] about Bharti AXA Life Insurance has launched two new plans
IRDA : Disclose Pension Maturity Benefits Upfront
Insurance regulator Insurance Regulatory and Development Authority (IRDA) has asked all insurers, selling pension products, to disclose in the policy document maturity benefits, a move that will make it easier for individuals to opt for the best policy as per their needs. IRDA … [Read more...] about IRDA : Disclose Pension Maturity Benefits Upfront
Videocon Liberty Mutual General Insurance gets IRDA approval
The Insurance Regulatory and Development Authority has given approval to the Videocon Group's general insurance joint venture with the US-based Liberty Mutual Group. Liberty Mutual will hold a 26 per cent stake in the JV with Videocon holding the remaining stake 74 percent. … [Read more...] about Videocon Liberty Mutual General Insurance gets IRDA approval
Edelweiss Tokio Life launched Three Wealth Accumulation plans
Edelweiss Tokio Life Insurance Company Limited has launched three wealth accumulation plans, tailor made to meet the various wealth creation and protection needs of customers. The three wealth accumulation plans, namely Cover Plus, Comprehensive Cover and Accelerated Cover has … [Read more...] about Edelweiss Tokio Life launched Three Wealth Accumulation plans
IndiaFirst Life Insurance launches 'Money Balance Plan'
IndiaFirst Life Insurance has launched a unit-linked savings plan ‘IndiaFirst Money Balance Plan’. 'IndiaFirst Money Balance' plan is available across all Bank of Baroda and Andhra Bank branches. Net savvy customers can buy this insurance plan online as well. Key Features 1. … [Read more...] about IndiaFirst Life Insurance launches 'Money Balance Plan'
LT Insurance launched health plan – ‘my:health Medisure Prime Insurance’
L&T Insurance has launched health insurance plan – ‘my:health Medisure Prime Insurance’. The policy offers an innovative feature that allows you to reinstatement of sum insured in case of hospitalisation due to an Accident. Salient features of my:health Medisure Prime … [Read more...] about LT Insurance launched health plan – ‘my:health Medisure Prime Insurance’
IRDA fined HDFC Life for non settlement of death claim
The Insurance Regulatory and Development Authority (IRDA) has imposed a penalty of Rs 5 lakh on HDFC Standard Life Insurance Company for violating norms on claim settlements and has also asked the insurer to streamline its processes. The order was issued on a complaint filed … [Read more...] about IRDA fined HDFC Life for non settlement of death claim
IRDA – Claims can't be rejected for paperwork delay
The Insurance Regulatory and Development Authority (IRDA) via new circular (IRDA/HLTH/MISC/CIR/216/09/2011) directed, all life and non-life insurance companies, not to reject policyholders' claims due to any delay in submission of documents while filing a claim if the delay is … [Read more...] about IRDA – Claims can't be rejected for paperwork delay