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
Health Insurance FAQs : When Pre-existing disease will be covered?
My father is a diabetic and he is currently under medication. Is his diabetics can be covered under health insurance? No. That would be considered as pre-existing condition and hence would not be covered. He needs to wait for the health insurance waiting period (i.e. 4-5 years … [Read more...] about Health Insurance FAQs : When Pre-existing disease will be covered?
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
Kotak Life launches child plans – Kotak Child Edu and Kotak Child Future
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
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'
Future Generali Life launches endowment plan 'Secure Income'
Future Generali Life launches a unique traditional endowment plan with annual income benefits - 'Future Generali Secure Income plan'. The plan offers flexibility to choose the premium payment term, but also has an option to select the number of years to receive guaranteed income … [Read more...] about Future Generali Life launches endowment plan 'Secure Income'
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
What is 'co-payment' or 'co-pay'?
What is co-payment or co-pay? A "co-payment" or "co-pay" is a specific charge that your health insurance plan may require that you pay for a specific medical service or supply, each time a medical service is accessed. In other words Co-payment refers to the portion of claim that … [Read more...] about What is 'co-payment' or 'co-pay'?
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
Now pay health insurance premium on your PIN code
If a policyholder is living in Jaipur, Lucknow and other tier II cities in India, and the cost of medical treatment is less in these cities as compared to the metros city hospitals then why policyholder pay health insurance premium same as in the metro cities. Those days are … [Read more...] about Now pay health insurance premium on your PIN code