Page 2 - Insurance Policies

Covid, income fears see shift to single-premium plans. How good are they?

Those buying these plans should bear in mind that gains at maturity may not be tax-free

Irdai allows renewal, migration and porting of Covid specific policies

The Indian insurance regulator has allowed renewal, migration and portability of Covid-19 specific standard health insurance policies -- Corona Kavach, Corona Rakshak and Group Corona Kavach Policy

Looking for insurance policies? Consider ones that waive health check-ups

Those with pre-existing conditions should opt for ones that require medical screening

Buying a digital policy? Share it with family for emergency purpose

They will need access to policy details in case of an eventuality

IRDAI allows insurers to sell Corona Kavach policy as group product

Each insurer can price the product according to its risk assessment, health portfolio and its claim experience.

Ensure cashless facility for Covid-19 treatment: Irdai to insurers

It has asked insurers to take appropriate action against hospitals in case they deny cashless facility to policyholders and deviate from the agreed terms of the service level agreements.

Life insurance industry to recover in next quarter, says CARE Ratings

CARE Ratings, in a note, said growth could potentially return in Q2 or Q3 and distribution channels could see significant realignment, with digital sales rising at the cost of individual agents

SpiceJet offers coronavirus hospitalisation insurance to passengers

"Passengers can opt for the insurance cover ranging between Rs 50,000 and Rs 3,00,000 at a premium for as low as Rs 443 to Rs 1,564 a year (including GST)," the airline said.

Insurance firms looks to bridge online trust deficit amid Covid--19 crisis

With customers caught in a swirl of panic and fear, life insurance companies are looking at confidence building measures for a post Covid-19 world

Senior citizens may see spike in premiums in wake of Covid-19 crisis

Since they are more vulnerable, medical insurers may become more wary

Covid-19 impact: Fintech startups smell opportunity, revisit business ideas

From insurance policies to helping essential businesses go online instantly, these start-ups are angling for new offerings

LIC eyes sale of 25 mn individual policies, Rs 55k cr in premiums for FY20

This is 17 per cent growth in terms of number of individual policies sold compared to the number of policies sold in FY19

Irdai issues norms to protect group policyholders of merging PSBs

"The insurance companies shall make suitable arrangements with the acquiring banks to this effect," said the the Insurance Regulatory and Development Authority of India (Irdai)

Non-life insurers post 13% rise in Nov premium to Rs 14,592 cr: IRDAI

The business premium in the same month of the previous year by these 34 non-life insurance firms stood at Rs 12,903.57 crore

Postmen, grameen dak sevaks may soon start selling insurance policies

Irdai said IPPB will also have to put in place a system to identify the postman and grameen dak sevak who has sold an insurance policy

Insurance covers priced at Rs 10 or even less: Know about sachet policy

Just like regular insurance policies, one must exercise caution while opting for sachet policies

Lloyd's Insurance seeks clarity on policies covering cyber attacks

A co-ordinated global cyber attack, spread through malicious email, could cause economic damage anywhere between $85 billion and $193 billion

Withdraw 'automatic extension of period clause' in annual policies: Irdai

The regulator, however, has allowed the existing policies to remain in force which have been issued under the same clause until their expiry

Bungee jumping on your check-list? What you must know about travel policy

Travel insurance policies do not generally cover adventurous or sporting activities such as bungee jumping, paragliding, mountain climbing, or white water rafting

Use whole life term policies for legacy planning

By doing so, your annual outgo will come down and returns will improve