'Currently, our individual first premium would be in the Rs 3,000-Rs 3,200 crore range. We want to take that to about Rs 6,000 crore in three years.'
At its heart, the issue is more than compliance. It is the risk of possible breakdown of a strong nexus between insurance firms and motor car dealers that makes the business the top earner for the former.
To determine the amount of coverage one should purchase, first add up all of your financial obligations, such as student loan, credit card debts and your mortgage balance.
The decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the Reserve Bank of India.
Harris, 59, is scheduled to formally accept the Democratic Party's presidential nomination on Thursday to take on Republican rival Donald Trump, 78, in the November 5 election.
Medical expenses for senior citizens are a foregone conclusion. Since claims are bound to happen with people of higher age, insurance companies do not want senior citizens as customers. Is it right?
For the elderly, the need for health insurance is much higher. Getting it, however, is not that simple.
Those who have crossed 50 must show the greatest urgency. They need to achieve a corpus that can sustain them and their spouses for at least 25-30 years after retirement.
Have a query regarding health insurance or mediclaim policy? Maybe we can help. Drop us a line and our expert, Harsh Roongta, CEO of Apnapaisa.com, will answer it.
What many don't realise is that including their spouse and children in their tax planning can enable them to reduce their tax burden legally.
Have a query regarding health insurance or mediclaim policy? Maybe we can help. Drop us a line and our expert, Harsh Roongta, CEO of Apnapaisa.com, will answer it.
Have a query regarding health insurance or mediclaim policy? Maybe we can help. Drop us a line and our expert, Harsh Roongta, CEO of Apnapaisa.com, will answer it.
United Progressive Alliance-led government proposed lenders as insurance brokers; new FM not too keen, say insurers.
Here are the main factors that impact the November 23 elections in the state.
'Set aside around six months' monthly expenses for emergencies.' 'Keep this money in safe and liquid options, such as liquid funds and fixed deposits.'
The states and Union territories were also urged not to store, reserve, conserve or create a buffer stock of the COVID-19 vaccines, the Union health ministry said in a statement, a day after the start of the second phase of India's inoculation drive in which the coverage has been expanded to include everyone above 60 and those over 45 with specified co-morbidities.
Did you know that annual premium-paying option is cheaper than a monthly premium paying option?
Four accomplished rediffGURUS will offer expert advice to help you make your lives, careers and relationships better and meaningful.
The finance ministry on Friday asked state governments to accord priority to employees of banks and insurance companies for Covid-19 vaccination, saying they are exposed to high risks during these difficult times.
Some insurance companies offer zone-based pricing.
Apple has not divulged much specific detail on HealthKit, which is expected to be incorporated into the iPhone 6 come September.
The older you get, the more premium you pay for buying life insurance. So it is better to buy a life insurance plan before your next birthday and save money on premium paid.
Life Insurance Corporation of India (LIC) February 8 for the first time ever crossed the Rs 7 trillion market capitalisation, as the stock price of state-owned insurer hit a new high of Rs 1,144,45, on rallying 10 per cent on the BSE. The board of directors of the Corporation are scheduled to meet today i.e. February 8, 2024, to consider a proposal for declaration of interim dividend for the financial year 2023-24 (FY24). The board will also consider and approve the unaudited financial results for the quarter and nine-month period ended on December 31, 2023.
When large companies fall into financial difficulties, it always amazes me to see where they turn first for help in overcoming their problems -- to their hourly workers and other frontline employees, who are asked to take pay cuts and reductions in benefits such as health insurance and pensions.
Are all the benefits of group life insurance for real? Naval Goel finds out
Wait till these are refiled as it will give you added benefits.
The Bill will come up for discussion in the upcoming winter session of the Parliament.
Prime Minister Narendra Modi will deliver on Tuesday his 10th consecutive Independence Day address which will also be his last before the 2024 Lok Sabha elections, as a mood of anticipation builds around the annual showpiece event that he has used to present his government's report card, unveil flagship schemes and lay down his vision for the country.
The Bharatiya Janata Party (BJP) on Sunday pledged to make 30 million 'Lakhpati Didis', up from the 10 million rural women who have already achieved the feat. Prime Minister Narendra Modi on Sunday released the BJP's manifesto for the upcoming Lok Sabha elections. The manifesto says the ruling party will continue the quarterly financial disbursements under the Pradhan Mantri Kisan Samman Nidhi (PM KISAN) yojana.
Are you ready to take control of your financial future? Ramalingam Kalirajan offers a step-by-step guide to calculate exactly how much money you will need when you enter your golden years.
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.
According to Section 80D, the premium paid for medical insurance is deductible from your income up to Rs 15,000 a year
Agents often influence customers into buying new products every year instead of continuing with their existing policies
"There is a limit when it comes to tolerating abusive behaviour or working styles. Many (employees) find ways to quit," says career coach and rediffGURU Pradeep Pramanik.
'Retail investors, who had not seen such a massive correction in the SMID universe since COVID-19, are witnessing something like this for the first time. Panic profit booking may continue.'
Putting together all the required documents and surmounting legal hurdles could be a challenge for the nominee.
The new Insurance Bill will boost investment in the sector
Tenants insurance offers a person living in a rented house cover against losses arising from theft, fire and natural calamities, among other things.
Instead of enhancing the sum insured of your basic policy, a more cost-effective option is buying a super top-up policy.
People who have recovered from coronavirus infection will have to wait for up to three months before they can take a new life insurance policy, with insurers making the waiting period requirement applicable for coronavirus cases like other ailments. As a standard practice, all life and health insurance companies require people to wait for a specific period with respect to certain ailments and diseases to gauge the risk before selling a policy. This condition of waiting period for people who have recovered from coronavirus infection will be applicable only for life insurance policies.
