The National Commission ruled that the insurance policy is deemed to be automatically transferred to the purchaser when the vehicle is registered in their name.
Buy comprehensive motor insurance policy to guard against natural calamities.
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.
A crucial point anyone purchasing health insurance must heed is the need to declare PEDs.
rediffGURU T S Khurana answers readers' personal income tax queries.
Insurers have eased the documentation process to file claims so that they can be settled faster
With mobile data getting cheaper, insurers are introducing technologies that eases buying and lodging claims.
Sanjib Jha, CEO, Coverfox Insurance Broking answers your health insurance related queries.
When AI is used to enhance operational efficiency, businesses can deliver the same product or service but with improved quality, faster, or even at a reduced cost
Did you know that your home insurance covers valuables in bank locker?
'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.'
You will come across many a hurdle while purchasing a used car. That, however, cannot keep you away from realising your dream.
Three leading domestic voting advisory firms are not on the same page over the proposed demerger and separate listing of ITC's hotel business, ITC Hotels. Institutional Investor Advisory Services (IiAS) has recommended a vote "against" the resolution, while InGovern and Stakeholders Empowerment Services (SES) have advised their clients to vote in favour. Voting on the resolution is currently underway.
Flooding this monsoon underscores the need to buy home insurance, says Tarun Mathur.
These offer great scope and flexibility when you fall upon hard times, says Harjot Singh Narula
Insurers cover the house on market value, and not on construction cost. They also don't insist on bills when giving the policy
The revenue growth of early birds or companies that have declared their Q4FY24 (March quarter) numbers is the highest in the last four quarters. The 178 companies (excluding their listed subsidiaries) that declared their results have reported a sales growth rate of 13.2 per cent year-on-year (Y-o-Y), taking aggregate revenue to Rs 9.1 trillion. Including other income, growth is at 16 per cent, the highest in the last four quarters.
Lenders have postponed the second auction to sell bankrupt Reliance Capital's assets by a week to April 11, even as the Torrent group, the highest bidder in the first round, pursues litigation in the Supreme Court. Lenders are expecting the Hinduja group and Torrent to participate in the second auction and maximise the value of the assets. American financial services major, Oakteee may also join the race, said a source.
Insurance companies sell off inventory of flood-damaged vehicles to cut losses.
Bupa and Axa have already declared their intention to raise stakes.
The Nepal earthquake has driven home the importance of home insurance. What are the factors you need to keep in mind before insuring your property? Indrani Roy offers a checklist.
It's an undeniable fact that after enactment of GST, buying insurance will become a little expensive impacting your term plans, health plans and motor insurance plans the most. But you should not ignore the importance of insuring your life, health, vehicle, says Harjot Singh Narula
It is important to look at factors like claim settlement ratios, persistency ratios, the extent of premium increase with age, insurer's reputation, etc, says Vaidyanathan Ramani.
Naval Goel explains all that you wanted to know about life insurance but didn't know who to ask
A quick snapshot about the fundamentals of the concept of life insurance.
Senior Aam Aadmi Party leader and Gurgaon candidate Yogendra Yadav on Thursday declared his assets to the tune of about Rs 3 crore, which includes farm land, commercial booth and sizable amount of bank deposits and Provident Funds.
Deciding whether a whole life insurance plan is a smart option or not hinges on the financial situation of the insurance buyer
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health insurance related queries.
Prime Minister Narendra Modi owns assets worth over Rs 2.23 crore, mostly as bank deposits, but has no immovable properties as he has donated his share in a piece of land in Gandhinagar, according to his latest disclosure about assets.
Bommai alleged that in the name of providing insurance to the people on Karnataka's side of the border, the Maharashtra government is taking declaration letters from them stating that they belong to Maharashtra. "This is condemnable."
rediffGURU Samkit Maniar answers readers' personal income tax queries
Life Insurance Corporation of India (LIC) declared disappointing results in Q1FY24. While it reported a net profit of Rs 9,540 crore in Q1FY24, this was attributable to the transfer of Rs 7,490 crore from non-participating (non-par) products to shareholders' accounts due to the accretion on available solvency margin. In operational terms, annualised premium equivalent (APE) declined and value of new business (VNB) margin was flat. But the medium-term prospects may be better.
rediffGURU Mayank Rautela offers suggestions on what you should do if you are moonlighting.
Is the cost of medical cover too high? Opt for co-payments or deductible plans. Here's more on when they work the best.
Do you know the most common exclusions in a mediclaim plan? Or, why your base premium keeps increasing over a period of time?
The banking sector emerged as an outlier when the rest of India Inc witnessed a slowdown in earnings in FY23. The combined net profit of listed public and private sector banks was up 39.4 per cent year-on-year (YoY) last financial year and their share in India's gross value added (GVA) or gross domestic product (GDP) at factor cost rose to a record high of nearly 1 per cent up, from 0.8 per cent a year ago. Listed banks' combined net profit grew to Rs 2.36 trillion in FY23, from Rs 1.69 trillion a year ago. In comparison, India GVA at current prices was up 15.2 per cent YoY at Rs 247 trillion in FY23; it was around Rs 214 trillion a year ago.
As monsoon picks up, be ready to drive through water-logged areas and mushy roads. Since motor accidents typically see a rise during rains, motor claims also move up.
Given the fiercely competitive political environment, observers naturally associated an element of appeasement with the Shinde government's move, Shyam G Menon points out.
Penalties for non-disclosure or inaccurate disclosure of these details can be severe.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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