News

3 changes in health insurance claim rules to help consumers: Reduced waiting period for pre-existing diseases, moratorium

The insurance regulator has made it compulsory for health insurance companies to reduce the maximum waiting period to get complete health insurance coverage in case of pre-existing diseases (PED) from 4 years to 3 years. The regulator modified the definition of pre-existing disease in its IRDAI (Insurance Products) Regulations, 2024, notified on April 1, 2024.

Date: 17/04/2024 / Source: The Economic Times

How technology is easing the life of insurance customers

Insurance is one of the most effective ways to manage risks and secure assets; however, the insurance industry has been mainly susceptible to trust issues. Many people believe that insurers do not pay claims, but the data says otherwise; the industry has been paying claims and is bleeding.

Date: 04/04/2024 / Source: The Economic Times

IRDAI announces final rules on surrender value from April 1. A quick guide for policyholders

A quick guide for policyholders From April 1, 2024, the surrender value is expected to remain the same or even lower if policies are surrendered up to a period of within three years, as per IRDAI.

Date: 26/03/2024 / Source: Moneytoday

LIC world's strongest insurance brand: Brand Finance Insurance Report

According to the report, Cathay Life Insurance is the second strongest brand, with a 9 per cent increase in brand value to $4.9 billion

Date: 26/03/2024 / Source: Business Standard

Exhausted Your Section 80C Limit? Check These 10 Tax-Saving Investment Options

As the current fiscal year is coming to an end, taxpayers are searching for different methods to reduce their taxes.

Date: 20/03/2024 / Source: News18 Business

Bank of Japan ends negative rates, closing era of radical policy

The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus.

Date: 19/03/2024 / Source: The Economic Times

40% increase in women buying health insurance in FY24, shows Policybazaar data

The survey, based on responses from over 23,000 respondents, also shows a 43% increase in the number of women purchasing individual coverage

Date: 15/03/2024 / Source: Business Today

Waiting periods in health insurance policies: What the policyholder needs to know

The whole idea why waiting periods exist is that people should not abuse insurance.When there is a pre-existing disease declared in the proposal form, it will have usually a 24- 36 month waiting periodA lot of health insurance policies provide options to the customer to reduce the waiting period for pre existing diseases by paying an extra premium

Date: 12/03/2024 / Source: Business Insider

International Women's Day: Only 26% women are decision-makers when it comes to buying health insurance, finds Future Generali study

International Women's Day: Compared to motor insurance, where over 50 percent women said they understood their policy benefits and clauses, only 32 percent were aware of their health insurance coverage details.

Date: 08/03/2024 / Source: Money Control

How term insurance ownership lays the foundation of financial empowerment for women

By working together, insurers, regulators, and stakeholders can further create a more inclusive and equitable insurance ecosystem that empowers women to protect themselves and their families effectively.

Date: 08/03/2024 / Source: Financial Express

Women Play Multiple Roles and Hence Deserve Financial Independence

It is said that women are the real architects of society. They play different roles like Mother, Wife, Daughter, Sister effortlessly apart from managing their day to day work.

Date: 07/03/2024 / Source: Ranjan Nagarkatte Blog

How to Financially Empower Women in Our Life

In every growing society, women are back bone of it and we are proud to say that we play a small part in strengthening the back bone by helping women become financially empowered.

Date: 07/03/2024 / Source: Ranjan Nagarkatte Blog

LIC launches “Amritbaal” insurance plan for children

New plan is specifically designed to have an adequate corpus to meet the higher education and other needs of a child, says Life Insurance Corporation of India

Date: 17/02/2024 / Source: Hindustan Times

LIC launches Amritbaal, a traditional savings life insurance plan for children

The product is targeted at parents who wish to create a long-term corpus to meet the higher education needs of their children.

Date: 16/02/2024 / Source: Money Control

LIC shares continue to surge, is it the new investor favourite?

LIC surged five per cent in open trade, continuing its stellar performance from Thursday when it hit an all-time high.

Date: 09/02/2024 / Source: Hindustan Times

New LIC life insurance cover: 7 important details about LIC’s Index Plus policy

Life Insurance Corporation of India (LIC) launched a new unit-linked life insurance policy called LIC’s Index Plus this week. It is a non-participating, regular premium, individual life insurance plan which offers life insurance cover cum savings throughout the term of the policy.

Date: 08/02/2024 / Source: The Economic Times

LIC Q3 results: Net profit jumps 49% YoY to Rs 9,441 crore

The insurer’s net premium income grew 4.67 percent to Rs 1.17 lakh crore in the quarter under review, from Rs 1.11 lakh crore in the year-ago period

Date: 08/02/2024 / Source: Money Control

LIC Index Plus Policy: Life Insurance Corporation introduces a new insurance-cum-savings plan. Ten key things to know

Life Insurance Corporation of India (LIC) has launched the unit-linked, regular premium, individual life insurance plan Index Plus, which offers life insurance cover-cum-savings throughout the policy term

Date: 06/02/2024 / Source: Live Mint

Life insurance: Evaluate your insurer based on 3 key parameters

Life insurance is an important component of financial planning in India, offering protection and security for loved ones. When selecting a provider, individuals should prioritize those with high claim settlement ratios and swift turnaround times.

Date: 31/01/2024 / Source: mintgenie

Now you can avail cashless health insurance at any hospital: Here's how

Under the 'Cashless Everywhere' system, policyholders will have the liberty to select any hospital for their treatment, breaking away from the limitations imposed by agreements or tie-ups between insurance companies and healthcare providers.

Date: 25/01/2024 / Source: CNBC

Budget 2024-25: Here is what experts expect for the insurance sector

One major expectation is higher government investment in the insurance sector. Higher budgetary allocation, they believe, will provide the sector with the requisite impetus

Date: 23/01/2024 / Source: Moneytoday

Health insurance that rewards fitness – A new way to promote self-care and reducing costs

Wellness benefits are integrated into health insurance plans to engage individuals in activities that promote physical and mental well-being.Wellness points, earned through proactive health measures, can be utilised in various ways.For monitoring individuals' health, various wearables, apps, software and tools are available.

Date: 05/01/2024 / Source: Business Insider

How to achieve tax efficiency through life and health insurance?

Insurance can be a strategic tool for tax optimization, offering financial safety net and potential tax-saving benefits.

Date: 03/01/2024 / Source: Live Mint

Family Health Insurance Policy: Why is this important? 5 factors to consider before choosing a policy

Health costs are rising fast and it has becoming increasingly difficult to cover medical expenses from your own pocket. In such a situation, a family health cover is important to meet medical expenses of your family members.

Date: 02/01/2024 / Source: Zee Business

Soon, there will be no maximum age to buy health insurance policy

IRDAI has urged insurers to introduce tailored policies aimed at specific demographics, such as senior citizens and millennials, acknowledging the diverse needs within these segments.

Date: 19/12/2023 / Source: CNBC

LIC's Game-Changing Insurance Products In 2023 - All You Need to Know

Life Insurance Corporation of India (LIC) has introduced several new plans in 2023 by unveiling a range of compelling insurance products. LIC introduced a product posed to gain substantial traction in the market.

Date: 15/12/2023 / Source: Times Now

7 tips to choose the best term insurance plan

Having insurance coverage is crucial for managing a health emergency, but it’s equally important to maintain financial stability when faced with a health crisis. Often there are many confusions and doubts when you purchase a term insurance plan, but these can be addressed if you carefully assess your requirements

Date: 12/12/2023 / Source: Financial Express