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HDFC Life's Ezra can handle 200+ policy-related queries. Photo: iStockphoto
The policy will be beneficial especially for the critical illnesses like kidney dialysis. Photo: iStock
ICICI Lombard is valued at  ₹62,827 crore. (Pradeep Gaur/Mint)
ICICI Lombard is valued at 62,827 crore. (Pradeep Gaur/Mint)

Insurer ICICI Lombard in talks to buy Bharti AXA

  • Both companies are negotiating the valuation of Bharti AXA
  • The acquisition plans come at a time when the general insurance industry is reeling due to the disruption caused by the covid-19 pandemic and the economic slowdown

LIC said It always makes better sense to revive an old policy to restore insurance cover
Home insurance has no waiting period. Photo: iStock
Home insurance has no waiting period. Photo: iStock

Frequent earthquakes prompting people to look for home insurance: Survey

  • According to the online survey, five out of ten respondents in Delhi said that earthquakes have made them anxious to think about buying home insurance
  • Around 10 per cent of respondents who do not have a home insurance yet said that they were planning to buy home insurance in the near future

The campaign will benefit those policy holders who were not able to pay premiums due to unavoidable circumstances and their policy lapsed.
The campaign will benefit those policy holders who were not able to pay premiums due to unavoidable circumstances and their policy lapsed.

LIC to launch revival campaign for lapsed policies

  • Under this Special Revival Campaign, policies of specific eligible plans can be revived within five years
  • The policyholders will get 20 per cent late fee concession for revival while 25 per cent concession between 1 lakh and 3 lakh

Users can report first notice of loss, which is the first step in claim processing via this AI-based online agent ( Photo: iStock)
Tapan Singhel, MD and CEO, Bajaj Allianz General Insurance (Tapan Singhel, MD and CEO, Bajaj Allianz General Insurance)
Tapan Singhel, MD and CEO, Bajaj Allianz General Insurance (Tapan Singhel, MD and CEO, Bajaj Allianz General Insurance)

Bajaj Allianz General announces premium instalment options for health cover

  • Customers having a net premium of 12,000 or more would be able to opt for the monthly instalment option
  • If a customer wants to opt for the premium instalment facility, the customer has to register an e-mandate with his or her banker

Earlier this week on Tuesday, IRDA allowed life insurance companies to issue electronic or e-policies to the customers on their e-mail IDs during FY2020-21. (Pradeep Gaur/Mint)
Earlier this week on Tuesday, IRDA allowed life insurance companies to issue electronic or e-policies to the customers on their e-mail IDs during FY2020-21. (Pradeep Gaur/Mint)

Life insurance: Physical signatures not required to buy a new policy

  • Insurer can send the completed proposal form to the customer's registered e-mail ID or mobile number in the form of an e-mail or a message with a link
  • The customer can then give his consent by clicking the confirmation link or by validating the OTP shared

Total assets of LIC stood at  ₹31,96,214.81 crore at the end of March 31, 2020.
The soaring policy surrenders are a blow to insurers who are seeing low premium collections.
The soaring policy surrenders are a blow to insurers who are seeing low premium collections.

Insurers see spurt in surrender of policies

  • People have started borrowing against life policies as collateral more than before so that they are able to continue to have cash all the time, life insurers said
  • The increasing policy surrenders come as another blow to insurers who are already battling low new premium collections

According to Section 45, a life insurance company cannot reject an insurer's claim after three years. Photo: iStock
LIC Pradhan Mantri Vaya Vandana Yojana is a pension scheme for senior citizens, above 60 years of age which assures guaranteed pension for 10 years.
LIC Pradhan Mantri Vaya Vandana Yojana is a pension scheme for senior citizens, above 60 years of age which assures guaranteed pension for 10 years.

LIC Pradhan Mantri Vaya Vandana Yojana: All you need to know

  • LIC Pradhan Mantri Vaya Vandana Yojana assures guaranteed pension for 10 years
  • For the first financial year upto 31st March 2021, the scheme will provide an assured pension of 7.40% p.a.,payable monthly

Tata AIA has settled 99.06% of the claims in FY20, and registered over 99% Claims Settlement Ratio for the second year in a row. (Photo: iStock)
The policy is available at an affordable price for tech savvy individuals. (Photo: iStock)
The annual premium for Hospital Daily cash benefit policy starts from as low as  ₹130 including taxes.  (Photo: iStock)
The only objective of buying a life insurance policy is to provide a financially independent life to your dependents in your absence.
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Insurance Regulatory and Development Authority has allowed two covid-19 policies—Corona Kavach and Corona Rakshak. Photo: iStock
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