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... 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 [...]
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...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 [...]
Read More...We live in interesting times – interesting yet volatile! In such times, where there are no guarantees on life, Life Insurance is the only assurance that you have to guard you and your loved ones against the unknown and the unforeseen. Insurance is essentially a pact between the insured and the insurer. The insured [...]
Read More... Aviva Life Insurance joined hands with Basix group, better known as a microfinance company, to automate end-to-end retail microinsurance policy enforcement through integrated technology.
This aims at bringing down the costs and turn around time of processing micro insurance policies, where the ticket size averages Rs 500, by bulk processing.
“This will help us serve our [...]
India’s largest realty firm DLF has said it added over 3,000 advisors in its insurance joint venture DLF Pramerica Life Insurance during last fiscal for the future growth of the business.
For its core real estate business also, more than 500 employees were added to DLF Ltd , the parent company.
DLF Pramerica Life Insurance Company [...]
Private insurer Bharti AXA Life Insurance today launched a traditional participating money-back plan — ”Bharti AXA Life Monthly Income Plan”.
“Bharti AXA Life Monthly Income Plan is the first regular monthly income product in our portfolio. This is in line with our brand positioning of ”Jeevan Suraksha ka Naya Nazariya” that has customer centricity and [...]
The Life Insurance market in India is an underdeveloped one that was tapped by the state-owned LIC until the entry of private players in the market. Insurance products reached only 19 percent of the 400 million of the insurable population. The state owned Life Insurance Corporation sold insurance only as a tax instrument and [...]
Read More... Tata AIG Life Insurance Company Limited (Tata AIG Life) announced the introduction of the second series of funds under its popular guaranteed NAV unit linked insurance product viz. Tata AIG Life Insurance InvestAssure Apex Supreme.
Speaking on the occasion, Suresh Mahalingam, MD & CEO, Tata AIG Life said, “The introduction of the Series II of [...]