Insurers say there is not enough time for them to adopt the guidelines and enforce them within the stipulated time.
'There is more expansion in the industry happening in retail lines, so we will continue to focus on those lines.'
The ING Group on Monday announced that it will move towards a complete separation of its banking and life insurance operations as part of its ongoing Back to Basics programme.
Rekha Gupta had the support of the RSS, which actively participated in the Delhi assembly poll campaign to help the BJP win.
A senior life insurance official point out there have also been cases involving former insurance agents.
If you have questions related to online insurance frauds, then Piyush Ranjan, chief technology officer, Coverfox Insurance, will answer your queries.
You are charged the same premium and also enjoy continuity benefits
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Prior RBI permission a hurdle, given its views; business interest needs to be clearer.
Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.
Here's your one-stop to know and learn all you always wanted to know about term insurance policies but didn't know who to ask.
Wouldn't it be better to reach 45 with a backup engine of passive income that helps you glide through these years instead of grinding, asks Ramalingam Kalirajan
Insurance Regulatory and Development Authority (IRDA) on Thursday said ten new players have applied for licences to enter into this fast growing sector.The Shriram group, Ranbaxy-promoted Religare Securities and real estate major DLF, have sought regulatory approval for entering the insurance sector, Muralidharan said.
Over more than a decade since the category came into its own, many brands have come to spell life insurance only as i-n-v-e-s-t-m-e-n-t. But for a business that is all about mitigating life's risks to meet life's needs, it seems to have forgotten its own foundations in evolving, in marketing itself.
After dominating the telecom space, Bharti on Monday forayed into the life insurance sector with its joint venture with global insurance major Axa Asia Pacific launching its operations in India with two products.
Paying the insurance premium annually under this strategy will provide Rs 1 lakh extra by the time your policy matures.
Paying the insurance premium annually under this strategy will provide Rs 1 lakh extra by the time your policy matures.
Turn the table on unscrupulous agents selling policies you don't need.
A term plan is life insurance in its purest form. Individuals should buy a term plan before considering other types of life insurance.
Anil Dhirubhai Ambani Group company Reliance Life Insurance has been awarded a high rating in customer satisfaction for the third year in a row, according to a survey.
Life Insurance Corporation of India (LIC) has made the most of the stock market boom by reducing stakes in all its top conglomerates during the financial year 2023-2024 (FY24). However, even after reducing exposure, the value of its remaining stake has gone up substantially across all groups, according to data collated from stock exchange filings.
RCap had proprietary investment book of Rs 2,000 crore (Rs 20 billion) as on end-March and owns stake in a host of companies.
Surprised? Well, old age is no more associated with uncertainties with insurance companies coming out with specific plans for this segment!
The new business premium of life insurance companies usually sees the highest growth in the March quarter.
Have you ever spared a thought on other tax-friendly alternatives at their disposal, which could actually give them better returns than an insurance endowment plan?
Simply put, riders are add-on benefits which can be bought along with a life insurance policy. They enable insurance seekers to increase the scope of protection offered by the insurance policy for a price.
Deepak Satwalekar, managing director and CEO, HDFC Standard Life Insurance, confirmed that the company would be hitting the capital market very soon. Satwalekar said that the company was planning an IPO and its nitty gritty was yet to be sorted out.
One should choose a suitable insurance policy which does not disturb lifestyle.
In the largest foreign investment in life insurance after the Reliance-Nippon deal last year, Japan's Mitsui Sumitomo (a unit of MS&AD Insurance Group Holdings) will buy 26 per cent stake in Max New York Life (MYNL) for Rs 2,731 crore (Rs 27.31 billion).
The key highlight Reliance Life Insurance Highest NAV Advantage Plan is that it offers guarantee on maturity with the highest net asset value per unit achieved during the entire 15 years policy term, Reliance Life Insurance said in a statement.
A few guidelines on the various aspects which individuals should look at while assessing an insurance plan.
Under the scheme, which seeks to open 75 million accounts by January 26, 2015, an accident insurance cover of Rs 100,000 is provided with every RuPay debit card offered by the National Payments Corporation of India.
Currently, FDI up to 26 per cent is permitted through automatic approval route.
The Group of Ministers (GoM) on goods and services tax (GST) rate rationalisation, which convened in Goa on Wednesday, reviewed the GST rates for over 100 items, including textiles, handloom goods, agricultural products, fertilisers, and educational materials. However, no consensus was reached on any of the items, with further discussions scheduled for next month in Delhi.
The Insurance Regulatory Development Authority of India (IRDA) and non-life insurance companies are working towards setting up a pool for creating a capacity within India to underwrite risks from natural catastrophes.
The premium on insurance policies will get costlier by 3 per cent to 7 per cent, depending upon the rate fixed by the GST Council from April 1, 2017, says Harjot Singh Narula.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Dilip Kumar Jha explains what the buyers must do to protect their own interest.
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