Hurdles such as approvals for repair and fixed rates can make the process time-consuming.
Western sanctions aimed at crippling Iranian finances by drying up buyers for its crude oil, had last year banned insurance cover to ships carrying Iranian oil.
>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.
Sales of health and pension policies of life insurance companies have taken a beating in June, according to the latest data released by the Insurance Regulatory and Development Authority (IRDA).
In ITC, LIC has invested Rs 38,358.66 crore, according to Capitaline data.
The damage to aircraft estimated to be around Rs 200 crore.
A major fire swept through the parking area, far away from the venue of Asia's premier air show, gutting about 300 cars on Saturday.
The Supreme Court has dismissed the appeal of ACC Cement, ruling that if a product is manufactured by one firm and sold by another with the latter's brand name, that sale would attract sales tax, not the first transaction.
Before jumping to meet the investment target, check if you really need to.
Then don't just sign the form and expect the insurance agent to do the rest. That can prove costly.
The government has cleared a second round of voluntary retirement scheme for shedding 10 per cent of the total workforce of public-sector general insurance companies involving a cash outgo of Rs 1,000 crore.
Here's to being a responsible insurance buyer
In Nov last year, L&T Finance Holdings had told BSE it was not eligible to be the sponsor of an insurance business, as it was a subsidiary of L&T under the Irda norms
Rediff.com's Priyanka caught up with five girls who underwent a traumatic experience at the Parliament Street police station on the day the protestors were roughed up at Raisina Hill. Unnerved, the girls re-grouped and took part in Thursday's protest rally.
'The variables to watch include the monsoon, resolution of NBFC liquidity issues, GST collections, and NPA resolution.'
New India Assurance is the insurance provider.
'It is advisable to invest in them early in life and stay invested for a longer period to achieve long-term goals and accumulate wealth.'
In its draft guidelines, the Insurance Regulatory and Development Authority (Irda) has asked the country's life insurance companies to refile their existing products and withdraw the same by September 30.
United India Insurance Company plans to enter the West Asia and South Asian Association for Regional Cooperation countries to tap the potential in these regions due to a presence of a large India diaspora.
Naval Goel explains the importance of day-care health insurance
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.
Lenders are not enthused because, as brokers, their responsibility towards policyholders will be higher than corporate agents.
Insurers have introduced new profiling parameters such as marital status, income and even ownership of flat.
We'd invited you, our readers to share your love stories. Reader Sunny writes about his love story.
The aviation sector is upbeat, with Jet Airways and SpiceJet recording profits in the quarter ended June and foreign institutional investors (FIIs) increasing their stakes in all the three listed carriers Jet Airways, Kingfisher Airlines and SpiceJet.
Though exposure draft proposed 35-60% hike, Irda raised it only 19%.
While the benefits offered by the new-generation products are alluring, choose a plan that offers features you may actually need in the future
The Supreme Court has ruled that an insurance company will be liable to pay compensation to a vehicle owner, even if the vehicle involved in a mishap is manned by a driver without a valid licence.
Insurers are all set to raise premium. Rates may increase 40-50 per cent for commercial vehicles and 20-25 per cent for private vehicles.
Beware of insurance agents and the tricks they use to mis-sell policies that benefit only them.
Diktat to four general insurance companies says 'avoid competition' in any corporate or group account
Private and government insurance companies have already made payments over Rs 12 crore to these people whose insured properties were damaged.
While the four general insurers will have equal stake in the TPA, Life Insurance Corporation and General Insurance Corporation might hold a less stake.
Tarun Mathur gives a quick low-down on what advantages one can have when buying motor insurance online
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