Helps save premium but maturity benefits lower than individual policies. Insurance options for a couple need not be restricted to taking separate covers. A joint life insurance policy, that covers both the partners through a single endowment pla ..

 Exclusion and sub-limits in a health insurance policy typically form the bone of contention between a health insurer and the insured. The best way to deal with the situation is to carefully go through the policy document when it arrives and not ..

 The Insurance Regulatory and Development Authority (Irda) has given an in-principle approval to the proposed insurance ventures of Religare Enterprises and financial services firm Edelweiss Capital. Edelweiss has formed a joint venture wit ..

 2010 may go down as the year of the scams but it was also a significant year for sector regulators. Several found their powers challenged or at least redefined – insurance, stock market, and telecom – and plans for a new “auto ..

ICICI Lombard General Insurance Company Ltd will provide weather based crop insurance for the rabi season in two districts of Tamil Nadu. According to a news release from the company, it will cover Villupuram and Dindigul districts to provide cr ..

 The insurance sector saw a series of changes in 2010, with the Insurance Regulatory and Development Authority (Irda) finally deciding to clamp down on mis-selling of Ulips (unit-linked insurance plans). Among the several steps that the regulato ..

 The Insurance Regulatory and Development Authority (Irda) took a number of steps in 2010 to ensure that life insurance products serve its basic purpose. It gave policyholders an option to invest in insurance plans, which were more transparent,  ..

 Returns on NAV-guaranteed plans are higher than debt products. Last week, Pankaj Ramnath got a call from an insurance executive offering him a highest net asset value (NAV)-guaranteed unit-linked insurance plan (Ulip). Given the volatility ..

Star Union Dai-ichi Life Insurance (SUD Life) is eyeing the vast rural market in Uttar Pradesh for future growth. SUD Life is in the process of collaborating with regional rural banks (RRB) in the state to penetrate deeper into the hinterland.&n ..

It is guaranteed,” said the relationship manager (RM), stretching the ‘ees’ for emphasis. He needn’t have. I got the idea, or at least, pretended to. The guaranteed- NAV Ulip (unitlinked insurance plan) would ensure that I ear ..

  Insurers reduce dependence on Ulips after Irda’s new norms shrink margins. After the rules of life insurance were rewritten, insurers have changed their business models. Unit-linked insurance plans (Ulips), after a long innings ..

Bajaj Allianz will use “blue-casting” to provide customers with a mobile-app tax calculator to evaluate tax liability. Blue-casting uses the Bluetooth technology to transmit data to a mobile device within a radius of 35 m. The a ..

 New Ulip rules hurt, but premium collected by selling new policies rises 39%. The life insurance industry recorded a 50 per cent dip in new business premium income in November. This was mainly because of changes followed by new norms for u ..

  A majority of hospitals empanelled under the flagship Rashtriya Swasthya Bima Yojana (RSBY), a cashless health insurance cover to below poverty line (BPL) families in the unorganised sector, are not prepared to treat patients under the sc ..

 Pay attention to administrative and mortality fees. Thanks to the Insurance Regulatory and Development Authority (Irda), customers now know the various charges insurers levy on unit-linked insurance products (Ulips). Irda had tightened Uli ..

  The Tiruchi circle of Punjab National Bank has sold over 2,200 mediclaim policies and occupied the second place amongst the different circles of the bank. According to the bank's Trichy Circle Head and DGM, Mr S.M. Veerappan, the poli ..

  The annual report of the Insurance Regulatory and Development Authority (IRDA) for 2009-10 reveals that health insurance continues to be a bleeding portfolio. However, two health-only insurance companies have shown it is possible to make  ..

  Large insurance companies offer not one, but many flavours in child insurance policies. The popularity of these policies with parents can be gauged by the sheer number of child insurance options laid out. So wide is the platter that you m ..

  Interim regulator PFRDA has decided to enhance incentives to distributors from Rs 50 to Rs 150 for each subscriber for the current financial year, a move aimed at popularising the citizen pension plan, which has received lukewarm response ..

 India's headline inflation is not within the comfort zone, yet, Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission, said on Thursday.  Annual headline inflation eased to 7.48% in November this year, but it is  ..