You must have heard about the term IDV from your insurance agent or you may have read it in your vehicle insurance policy. But do you know what actually IDV is?
Your insurance policy is just not for saving tax. The bonus that accrues on your policy can also help you maximise your wealth.
LIC identifies the problems well, but what the markets will watch is how nimble it is with the solutions.
The benefit offered under small-ticket insurance may not be huge, but it is better to have cover, suggests Sarbajeet K Sen.
Single premium policy is the insurance policy where you pay insurance only in the first year but continue to enjoy the life cover throughout the entire term of policy.
Have a question about insurance?
Now that cashless is once again the national buzzword, Harjot Singh Narula explains what you must know about cashless treatment under health insurance plan
In a huge relief for senior citizens, the entry age for health insurance has been extended to 65 years. But, will it come at a cost?
Be mindful that each instrument is governed by a different set of gifting rules and is also taxed differently.
The finance ministry has asked state-run general insurers to increase premiums on health insurance, motor and other policies, and refrain from undercutting each other to get new business.
The Finance Minister has come out with a broad roadmap aimed at regaining the confidence of investors in the Indian economy.
Top-up insurance is important as it can help fill the gap when companies opt for co-payment for dependents.
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.
As opposed to term insurance that keeps you covered for a specific time period, opting for a whole life term plan means that you are covered for your entire life, says Santosh Agarwal.
Health insurers incorporate conditions like Waiting Period in their offerings to prevent customers from taking undue advantage of a service that is essential.
Naval Goel explains all that you wanted to know about life insurance but didn't know who to ask
Over 200 world leaders, including former presidents, prime ministers and ministers have backed a campaign urging the Group of Seven (G7) rich nations to help vaccinate the world's poorest from low-income economies against COVID-19 by paying two-thirds of an estimated $66 billion required.
Naval Goel explains the key points that will help you buy the most appropriate travel insurance plan and leave your worries behind when you travel with family and friends.
A brief evaluation of what insurance riders are actually about and which one of them could be most appropriate for you.
'Everyone says never waste a crisis.' 'When we went into Covid and we were in total lockdown, we were at work.' 'The planes were not flying and we wondered what to do.' 'We looked at each of our performance metrics -- what are customers complaining about, how do employees feel, how do investors feel?'
'My father was asking me what an IPO is. He has no clue and he has never been an investor.' 'My mother, who was the one to ring the bell, has been an investor in Policybazaar for the past 6-7 years and I would say she has made good returns.'
The Insurance Regulatory Development Authority plans to introduce guidelines soon on transfer (also called assignment) of insurance policies after the Insurance Act is amended.
Roopam Asthana, CEO and the whole-time director, Liberty General Insurance Ltd, will answer your queries on HEALTH and AUTO insurance.
A smart investor buys a term cover for life insurance and invests in funds independently. But for those who cannot, Ulips are the best bets.
The amount for which free check-up is offered can be quite low, while in some policies it comes only after a considerable waiting period.
The total worth of Assam Chief Minister Sarbananda Sonowal's assets, both movable and immovable, have increased by over 71 per cent since the last assembly polls in 2016, despite not having bought any new immovable assets.
Know when these come into play before buying a health insurance policy.
Agents often influence customers into buying new products every year instead of continuing with their existing policies
Two types of deductibles are associated with auto insurance -- compulsory and voluntary.
Make sure you read the policy wording. Some policies cover pre-existing diseases while others don't. Many need a minimum 24-hour hospitalisation, advises Bindisha Sarang.
Plan these investments well rather than just doing random investments at the beginning of the year or rushing in at the end, advises Harshad Chetanwala, co-founder, MyWealthGrowth.
The Saral Jeevan Bima product to be offered by all life insurance companies will be a non-linked non-participating individual pure-risk premium life insurance plan.
Use no-claim bonus, online discounts or negotiate hard to get it reduced.
You are charged the same premium and also enjoy continuity benefits
If you plan it out, instead of rushing it in the last moment, you will realise how much you have saved and the difference it makes to your personal wealth.
Insurance Regulatory Authority of India said on Tuesday that mediclaim policy holders, who are not satisfied with the services, will soon be able to switch service providers at the same premium.
Ever growing use of new technologies and treatment, increase in the population of old people can, are some of them
Here are four things to keep in mind after buying life insurance
After the Delhi high court's ruling, blanket exclusion of genetic disorders from coverage is likely to become a thing of the past.
Insurance companies have worked over the years to simplify their claim settlement process
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