OPEN APP
Home > Insurance

Insurance

Photo: iStock
Photo: iStock
IIB will maintain the historical traffic violation data of all vehicles (Mint)
IIB will maintain the historical traffic violation data of all vehicles (Mint)

Traffic violators may soon have to pay more for motor cover

The committee has recommend inserting a fifth section to motor insurance called, traffic violation premium, in addition to motor own-damage (OD) insurance, basic third-party (TP) insurance, additional third-party insurance and compulsory personal accident premium

Bajaj Allianz Life said its assets under management had crossed the  ₹70,000-crore milestone by the end of December
Photo; iStock
According to industry experts, individuals who are non-graduates or have low financial profile usually find it difficult to buy existing term plans, while Saral Jeevan Bima were to be offered without restrictions on gender, place of residence, travel, occupation or educational qualifications.
According to industry experts, individuals who are non-graduates or have low financial profile usually find it difficult to buy existing term plans, while Saral Jeevan Bima were to be offered without restrictions on gender, place of residence, travel, occupation or educational qualifications.

Wait to buy standard insurance plan gets longer

  • Life insurance companies are expected to launch the Saral Jeevan Bima either by end of this month or by first week of Feb

Photo: Reuters
Photo: Reuters

Life insurance sector's new business premium declines 3% in Dec

  • The country's largest life insurer LIC contributed 14,345.70 crore or 58% to the total premium generated during the month, data from Irdai showed
  • Private sector comprising of 23 players registered a growth 22% by earning new premium of 10.037.72 crore in December

Here are the tips to buy the best health insurance (Shutterstock)
The cheapest health insurance plans may not be the best ones. Compare premiums in tandem with other features, especially restrictions and claims settlement. Photo: iStockphoto
The cheapest health insurance plans may not be the best ones. Compare premiums in tandem with other features, especially restrictions and claims settlement. Photo: iStockphoto

A-rated health plans for you

  • Here is a comparison of top health insurance plans for different sum assured and across different age groups
  • Only the A-rated health insurance plans have been shown here

Check factors such as the claims process and find out the point of contact before buying such a plan (Photo: iStock)
Check factors such as the claims process and find out the point of contact before buying such a plan (Photo: iStock)

Bite-sized covers are cheaper but know the limitations too

  • The premiums in these plans are low as the cover is small but they are not suited for long-term needs
  • Bite-sized insurance plans may not be economical in the long run, and there is no clarity on renewal

Insurers would be permitted to file innovative add-ons (additional covers) over and above the basic cover, in-built cover, optional cover, if any, and standard add-ons that these retail products already offer
Insurers would be permitted to file innovative add-ons (additional covers) over and above the basic cover, in-built cover, optional cover, if any, and standard add-ons that these retail products already offer

Insurers asked to offer 3 standard products for fire, allied peril from Apr 1

IRDAI said the Standard Fire and Special Perils (SFSP) Policy will be replaced by the three standard products -- Bharat Griha Raksha, Bharat Sookshma Udyam Suraksha and Bharat Laghu Udyam Suraksha

Anyone aged 18 to 50, earning at least  ₹1 lakh per annum will able to buy this policy. (MINT_PRINT)
Millennials should opt for term insurance plans—the cheapest life insurance product with a higher sum assured. Photo: iStockphoto
A health insurance checklist (Shutterstock)
Since the IL&FS defaults, it can be noted that NBFCs and housing finance companies (HFCs) were facing a crisis of confidence, sending call money rates higher and overall liquidity tight.
Since the IL&FS defaults, it can be noted that NBFCs and housing finance companies (HFCs) were facing a crisis of confidence, sending call money rates higher and overall liquidity tight.

15 lakh penalty imposed on Bharti AXA General Insurance by Irdai

  • The insurance regulator has imposed a penalty of 10 lakh on the private sector insurance company for non-compliance with minimum obligations under regulations concerning third-party motor insurance business

There are two categories of long-term savings plans offered by life insurance companies i.e., non-linked and linked. The non-linked category is further segregated into participating and non-participating products.
There are two categories of long-term savings plans offered by life insurance companies i.e., non-linked and linked. The non-linked category is further segregated into participating and non-participating products.

'Traditional insurance plans offer safety, steady returns in volatile times'

  • There is no fixed formula, but ideally, 20% of your monthly income should go towards savings
  • It can increase or decrease depending upon your age, financial condition, and your future goals

The bank intended to sell 4% stake to another partner Federal Bank
ICICI Lombard's new platform will be convenient for the SME owners to purchase or renew insurance products. Photo: Pradeep Gaur/Mint
Photo: iStock
SBI Life Insurance, on Monday reported over two-fold jump in net profit at  ₹300 crore for the second quarter ended 30 September, 2020.
×
Edit Profile
My Reads Redeem a Gift Card Logout