Life insurance policy is an agreement between two parties agree to compensate on uncertainty of life, property or wealth in exchange of a fixed amount called premium. It is also the transfer of risk from one entity to another in exchange for a premium and duty of care. Life insurance is a risk mitigation [...]
Read More...Every individual’s main concern is the security of himself and his love ones. Mostly, people work hard in able to sufficiently provide their families’ needs. However, the everyday necessities are not enough to secure one’s health and life in its entirety. This is the reason why people search for reasonable life and health insurance [...]
Read More... Bharti AXA Life Insurance has forayed into the health insurance category, announcing the launch of India’s first triple-benefit critical illness plan – ‘Bharti AXA Life Triple Health Insurance Plan’.
It’s a unique product and offers cover of a maximum of three times the sum assured under the policy. It covers 13 critical illnesses that have [...]
The insurer is planning to come out with a product similar to Market Plus, which generated good revenues last year.
Life Insurance Corporation of India (LIC) plans to come up with new products, both in the unit-linked as well as traditional segments, to improve premium collection in the second half of the year. The insurance [...]
Health insurance portability service, which would allow policy holders to switch insurers, is all set to be implemented from October 1, the Insurance Regulatory and Development Authority (Irda) said today.
The scheme was proposed to come into force from July 1 earlier, but was deferred for three months due to certain outstanding issues with insurance [...]
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, a joint venture between two of India’s largest public sector banks, Canara Bank and Oriental Bank of Commerce, and HSBC Insurance (Asia Pacific) Holdings Limited, announced the launch of Canara HSBC Oriental Bank of Commerce Life Insurance Smart Sanchay Plan, a traditional group protection-cum-savings [...]
Read More... SBI Life Insurance announced a foray into the health insurance segment with the launch of its ‘Hospital Cash’ plan, which provides a fixed daily allowance to policyholders for each day of hospitalisation.
The Hospital Cash plan guards against the erosion of policyholders’ accumulated savings on account of medical bills by providing a fixed daily allowance [...]
For many people having individual health insurance is vital. Particularly for many people who are unemployed or even self-employed, but it’s not uncommon to find many people with individual or family insurance or to be given insurance as a benefit of being an employee. As the population is rising, an ever increasing strain is [...]
Read More... Vijaya Bank has signed a MoU with United India Insurance to distribute the latter’s general insurance products. In March, the bank signed a similar agreement with Life Insurance Corporation of India (LIC).
According to HS Upendra Kamath, chairman and managing director of Vijaya Bank, with more than 8 million customers spread across several segments, a [...]
The world’s largest bicycle maker Hero Cycles in talks with insurance firms to provide health cover to its rural customers as part of its initiative to uplift the poor.
The company, which has tied up with Allahabad-based Sonata Finance for financing bicycle by providing loans of Rs 100 per week in rural areas, is considering [...]
Insurance policies are very common among the people of India these days. As such, there are a number of agencies that offer various kinds of insurance products in the country. It would not be wrong to say that this trend has come into existence due to the rising awareness among the people. Today, one [...]
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