Insurance News

Insurance companies are bound to pay compensation even if the offending vehicle's ownership is transferred from the original owner to another as there is no requirement under law to go for a fresh policy, the Supreme Court has ruled.Insurance companies are bound to pay compensation even if the offending vehicle's ownership is transferred from the original owner to another as there is no requirement under law to go for a fresh policy, the Supreme Court has ruled.

With 36 crore policies, India's life insurance industry is the largest in the world.However this does not mean that the life insurance industry is stagnating.

In insurance parlance, a natural calamity that leads to losses such as in the recent floods in Uttarkhand are called 'Acts of God'.Many will be eventually pronounced as 'missing'.

The Insurance Regulatory and Development Authority (Irda) has issued guidelines for distance marketing, prohibiting the sale of high-value unit-linked insurance products (Ulips) on telephone.The new norms will come into effect from October 1.

The Finance Ministry said consumer interest will be better served through provisions like those enabling penalties on intermediaries/insurance companies for misconduct.The Insurance Laws (Amendment) Bill, 2015 provides for a penalty of up to Rs 25 crore for mis-selling or misrepresentation of policies by agents or insurance companies to customers.

New investors appear to be switching away from unit-linked life insurance plans (Ulips) to conventional products due to the uncertain returns from the stock markets.New investors appear to be switching away from unit-linked life insurance plans (Ulips) to conventional products due to the uncertain returns from the stock markets.

There is a plethora of plans, from traditional indemnity policies to critical illnesses covers, the latest being unit-linked health plans (ULHPs).Maximum RenewabilityThough there are several health plans for senior citizens, getting a health policy at this age is difficult.

9 per cent to Rs 2,055 from Rs 1,468 being currently charged.The hike in mid-segment cars (1,000 - 1,500 cc) too is about 40 per cent.

Life insurers may charge you less premiums from the next financial year as the Insurance Regulatory and Development Authority (Irda) plans to release new mortality rates.In an industry forum, Irda chairman J Hari Narayan said the table has been finalised and indicated that premiums may come down as life expectancy has gone up for most of the categories.

And the Zenfone 3 Max is designed for those who want lasting battery backup.The ZenFone Max 3 has got curved edges with metallic unibody design, which makes it look and feel premium.

The government's demonetisation move-akin to 'surgical strike' against black money-led to a severe cash deficit.This, in turn, affected gold buying that saw demand collapse, reportedly down by about 40 per cent.

The BSE 30-share Sensex soared to a high of 29,077.28 in September backed by consistent FII inflows, which totalled Rs 51,293 crore in the first nine months, but later crashed to a low of 22,494.

"Sundar Pichai, CEO Google and Distinguished Alumnus of IIT Kharagpur, has expressed his desire to visit the campus in the first week of January 2017," IIT-Kgp director Partha Pratim Chakrabarti said.The institute is inviting students to come back to campus on time after the winter break to be able to listen to Pichai.

In health savings plan, a part of the premium goes towards a savings/investment account, and the rest covers you from high-risk diseases.Cigna TTK Health Insurance plans to introduce health savings plan in India if Parliament passes the Insurance Bill.

The Morningstar rating methodology judges funds, or unit-linked insurance portfolios in this case, based on the 'Morningstar Risk-Adjusted Return' measure.(Geometric Excess Return=(Fund Return - Risk-Free Return) / Risk-Free Return.

For a company like Maruti that depends heavily on Petrol engines, Brezza was a step in a new direction.Now reports suggest the company might soon launch a petrol version of the Brezza.

You are young, broke, and don’t have any credit.You also don’t have many bright prospects since you have never been independent and you don’t even have a bank.

Buying a critical illness plan is the best way to get over these shortcomings.A critical illness plan is a supplement to your health insurance portfolio.

These developments comes at a time when India is trying hard to attract foreign investments to boost the sagging economy.Legendary investor Buffet's Berkshire had forayed with a much fan-fare into the Indian non-life insurance sector as a corporate agent of Bajaj Allianz General in 2011.

The questions asked in a life or health insurance application form can be generic or very specific.We also call customers who leave their details on our website and assist them through the buying process," says Sevantika Bhandari, director, marketing, Max Bupa Health Insurance.
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