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Bajaj Allianz Life said its assets under management had crossed the ₹70,000-crore milestone by the end of December
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Photo; iStock
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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

2 min read . 12 Jan 2021 Abhinav Kaul

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

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Photo: Reuters
Photo: Reuters

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

1 min read . 10 Jan 2021 PTI

  • 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

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Here are the tips to buy the best health insurance (Shutterstock)
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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

1 min read . 07 Jan 2021 Deepti Bhaskaran

  • 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

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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

5 min read . 07 Jan 2021 Abhinav Kaul

  • 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

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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

1 min read . 06 Jan 2021 PTI

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

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Anyone aged 18 to 50, earning at least ₹1 lakh per annum will able to buy this policy. (MINT_PRINT)
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Millennials should opt for term insurance plans—the cheapest life insurance product with a higher sum assured. Photo: iStockphoto
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A health insurance checklist (Shutterstock)
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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

1 min read . 01 Jan 2021 Staff Writer

  • 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

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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'

4 min read . 01 Jan 2021 Edited By Avneet Kaur

  • 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

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The bank intended to sell 4% stake to another partner Federal Bank
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ICICI Lombard's new platform will be convenient for the SME owners to purchase or renew insurance products. Photo: Pradeep Gaur/Mint
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Photo: iStock
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SBI Life Insurance, on Monday reported over two-fold jump in net profit at ₹300 crore for the second quarter ended 30 September, 2020.
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Consumer-centric measures and the coverage for pandemic-related claims resulted in price hike for policyholders
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SBI General Insurance conducts awareness drive for farmers in 50 villages
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Bajaj Allianz Life has been the first to introduce the submission of Life Certificate online, and now the video-based Digital Life Certification facility to ease the annuity pension claim process for its policyholders.
Bajaj Allianz Life has been the first to introduce the submission of Life Certificate online, and now the video-based Digital Life Certification facility to ease the annuity pension claim process for its policyholders.

Bajaj Allianz allows senior citizens to submit Life Certificate via video call

1 min read . 25 Dec 2020 Staff Writer

  • With this new service, senior citizens can submit their Life Certificate digitally to the company representative through a simple video call
  • This new service is available for Bajaj Allianz Life policyholders via its i-SERV video calling facility on WhatsApp

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