>You can buy a life insurance policy for someone else only if you have an insurable interest or expect financial loss from that person's death, points out Tarun Chugh, MD and CEO, Bajaj Allianz Life Insurance, answering insurance questions.
From July 10, when it was launched till August 7, 1,087,030 lives have been covered under Corona Kavach through 648,276 policies with premium of Rs 182 crore and sum assured for Rs 42,956 crore. In addition, 186,347 lives have been covered under Corona Rakshak through 156,695 policies with premium of Rs 25.5 crore and sum assured for Rs 3,293 crore, an Irdai official said.
According to Section 80D, the premium paid for medical insurance is deductible from your income up to Rs 15,000 a year
The size of the Indian financial services market could touch around $340 billion in the next few years.
Cases linked to surgery among those considered.
Motor insurance claims will also come in, due to the extensive damage to vehicles.
All costs relating to room, boarding, nursing expenses, medical consultation including telemedicine, consumables such as PPE kits and intensive care unit will be covered under the policy. It will also include the cost of treatment for any other co-morbidities, including pre-existing comorbid conditions along with the treatment for Covid-19.
Once the child is 90 days old, parents must add her to the family health floater cover, suggests Sanjay Kumar Singh.
Bupa and Axa have already declared their intention to raise stakes.
The solutions developed by the company cover a broad spectrum, including helping recruiter's gauge the behavioural profiles of candidates during virtual job interviews and assisting in real-time translation in vernacular languages, among others.
Irdai to allow 12 minor changes including expansion of critical illness and day care procedure lists, premium payment in instalments, change sum assured, etc.
These schemes came into force from June 1.
Buying medical insurance? Make sure that you know what you are getting and what you are not.
The online channel has only been successful in making inroads in metro cities.
Install blockers to prevent falling prey to cryptojacking.
Anik Jain, founder and CEO at Symbo, will answer your questions on insurance -- life, health, motor, travel, etc -- on a weekly basis.
Insurance experts said since it may be difficult to set a tariff or fixed rates for Covid-19 treatment, an indicative rate chart has been proposed.
Banks and insurers are beginning to reward customers who show exemplary conduct with lower prices and penalise those who behave poorly by imposing higher costs.
It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
'The major worry for everyone using Internet-linked devices today is whether the latest download on his smartphone or laptop is a bait from a digital hacker who is out to secure access to his hard-earned money,' notes T A Ramalingam, chief technical officer, Bajaj Allianz General Insurance.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Parts of electric cars are costlier and repairing often means replacing an entire system, which drives insurance premium rates up.
Seven students were made international offers.
The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines that will allow car dealers to become Motor Insurance Service Providers (MISP) and offer the policies of multiple general insurers, says Sanjay Kumar Singh.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Left parties, Janata Dal (United), and two other Opposition members on the committee opposed raising the foreign direct investment limit in the insurance sector from 26 per cent to 49 per cent.
Expect premiums to go up or introduction of a co-pay option for third-party damage
Staying healthy can reduce your next premium. Through wellness programmes, policyholders can get discounts ranging from 8 per cent to 30 per cent.
Buy comprehensive motor insurance policy to guard against natural calamities.
Experts suggest that it's best to go for the bundled product that has only one-year own damage cover.
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
If the sum assured is less than 10 times premium, the proceeds will be taxed.
Don't panic if your car is stolen because your insurer is liable to pay the full amount as compensation, but you need to keep in mind that your claim should be genuine because most of the insurers try to avoid such claims, says Harjot Singh Narula
The smartphone has become our buddy and we owe it a good insurance policy to ensure it's protected at all times, says Naval Goel
To plug claims mismanagement, the Insurance Regulatory and Development Authority of India (Irdai) is bringing reforms in the mediclaim segment.
It might be a cheaper option, but lack of clarity is choking its growth
You will be much better off buying the required plans directly from life and general insurers, experts tell Chirag Madia
'If you are looking to fulfil imminent long-term commitments, the new online Ulips are the right product for you,' notes Santosh Agarwal/Policybazaar.com.
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