Insurers say there is not enough time for them to adopt the guidelines and enforce them within the stipulated time.
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.
These plans are best suited for individuals with a lower risk appetite as they provide guaranteed benefits.
A senior life insurance official point out there have also been cases involving former insurance agents.
The combined market valuation of eight of the top-10 most valued firms surged Rs 1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in line with an outstanding rally in benchmark equity indices. Last week, the BSE benchmark jumped 1,027.54 points or 1.21 per cent. The BSE Sensex hit its record high of 85,978.25 on Friday.
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Prior RBI permission a hurdle, given its views; business interest needs to be clearer.
You are charged the same premium and also enjoy continuity benefits
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
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.
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.
The fear of losing purchasing power due to inflation and low-interest rates has led many to explore safe alternatives to fixed deposits with high returns
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.
A fresh US executive order (EO) which seeks to bring down prices of prescription drugs in the country by up to 90 per cent -- on par with other developed nations -- will affect innovator companies, while sparing the Indian generic drug makers in the short term. US President Donald Trump signed the EO on Monday, directing the US Trade Representative and the Secretary of Commerce to act against foreign countries that "purposefully and unfairly undercut market prices", driving price hikes in the US.
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.
If you have questions related to online insurance frauds, then Piyush Ranjan, chief technology officer, Coverfox Insurance, will answer your queries.
'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.'
A term plan is life insurance in its purest form. Individuals should buy a term plan before considering other types of life insurance.
Turn the table on unscrupulous agents selling policies you don't need.
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.
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.
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.
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.
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).
A few guidelines on the various aspects which individuals should look at while assessing an insurance plan.
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.
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.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
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.
Investments in such products are due to either of the following reasons: Surplus money, getting maturity proceeds from another policy or last-minute investments for tax exemption.
