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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 [...]

Life insurance is one topic no one really wants to talk about. Not because it attaches itself with the term “payment” but with the horrible word called “death”. But now, the society is slowly accepting the reality that being aware of the future and preparing for it is the best weapon to combat helplessness [...]

For those who are new to the world of insurance and don’t have an idea of what the term insurance means, let’s do a quick definition of the word insurance.
Simply put, insurance is a contractual agreement between two parties called the insurer and the insured, where the latter make payments known as premiums to [...]

In today’s fast paced world, where everyone is in a hurry to make more and more money, life is full of risks. Starting from rash driving to contaminated food products, you constantly face different types of risks. Therefore, it makes perfect sense to get some kind of security cover for you. One way to [...]

Numerous people ponder where to purchase the best health insurance. There are several options out there for purchasing a health care policy. Most health policies are sold by agents working for insurance companies. Local insurance agents offer reputable health insurance plans. All people need to do is ask their local insurance agent.
Research can be [...]

Life insurance is one of the most costly policies that one can buy. There are many factors that make it expensive. To begin with, many people apply for life insurance when they are in late forties and fifties. In countries where life expectancy is around this age bracket, one will pay very high premiums [...]

Life insurance involves a contract between the insurance company and the insured, which is bought by making regular periodic payments known as premium. These contracts are facilitated with the assistance of life insurance agents. They help their customers decide, the type of life insurance they would require – whole life or term life. Life [...]

The accounting regulator the Institute of Chartered Accountants of India (ICAI) has constituted an expert group to suggest sector-specific accounting norms for insurance companies.

After a long wait, the life insurance giant, Life Insurance Corporation of India (LIC) has finally introduced its first long term, unit linked health insurance scheme ‘LIC Health plus’ in the country.
The policy will provide health insurance cover for the entire family (husband, wife and children), and include hospital cash benefit and major surgical [...]

Insurance Regulatory and Development Authority (IRDA) issued certificates of registration to three private insurance companies. The three companies are Reliance General Insurance Co. Ltd., HDFC Standard Life Insurance Co. Ltd., and Royal Sundaram Alliance Insurance Co. Ltd.
IRDA has also decided to grant ‘in-principle clearance’ for registration of three other companies – ICICI Prudential Life [...]