life insurance

Indian Railways plans linking of these documents for booking tickets on IRCTC

Max Life Insurance launches critical illness & disability secure rider – 2021-08-19 05:19:41

[ad_1] NEW DELHI: Max Life Insurance launched a critical illness and disability secure rider and strengthened its current riders, such as accidental death and dismemberment rider and waiver of premium plus rider. These enhanced riders are aimed to offer all-encompassing financial protection against unforeseen situations of death, disease, and disability. As a result of the […]

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Indian Railways plans linking of these documents for booking tickets on IRCTC

Irdai says fasten life insurance claims settlement of Maharashtra flood victims – 2021-08-09 05:24:24

[ad_1] NEW DELHI: The Insurance Regulatory and Development Authority of India (Irdai) has called for quick and timely settlement of life insurance claims of victims of recent floods in Maharashtra. In a circular, Irdai has asked insurers to designate a senior level officer as nodal officer in the state for coordinating/expediting settlement of all claims […]

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Indian Railways plans linking of these documents for booking tickets on IRCTC

HDFC Life launches HDFC Life Saral Pension. Features and other benefits here – 2021-08-05 08:18:41

[ad_1] Mumbai: HDFC Life, one of India’s leading life insurance companies, has announced the launch of HDFC Life Saral Pension, a single premium, non-linked, non-participating product that offers life-long guaranteed annuity rates, right at the time of purchase. HDFC Life Saral Pension is a standard, individual, immediate annuity product with simple features and standard terms […]

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Indian Railways plans linking of these documents for booking tickets on IRCTC

ICICI Prulife gains in strength as life insurers show recovery in June

[ad_1] Private life insurance companies reported a healthy growth in retail business for June, helped by easing of restrictions and increased appeal of savings products. On an annualised premium equivalent basis, private life insurers reported a 16% year-on-year growth for June but a sharper 84% jump from the previous month. Analysts at Jefferies India Pvt […]

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Indian Railways plans linking of these documents for booking tickets on IRCTC

Covid-linked life insurance claims remain an overhang: Report

[ad_1] NEW DELHI: The surge in covid-19 infections and fatality rates have raised concerns on mortality claims the industry may witness in the coming months. According to a report by Motilal Oswal Financial Services report, “Most insurers reported a higher claim experience in FY21 and have made provisions to absorb potential claims that may arise […]

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Indian Railways plans linking of these documents for booking tickets on IRCTC

What you need to know

[ad_1] My annual income is 9 lakhs. I am planning to buy a term insurance policy of 50 lakhs rupees with critical illness benefit rider. I wish to know whether should I buy this rider or should I buy a health insurance policy instead of this critical illness rider. -G Trinath Buying a critical illness is […]

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ICICI Bank

Life insurers may have short-term pressure on profitability: ICICI Pru Life

[ad_1] The domestic life insurance industry may see pressure on its profitability in the short-term as the coronavirus pandemic has cast doubt on the certainty related to morbidity and mortality in the country, ICICI Prudential Life said in its annual report. India became an epicentre with a spike in cases in […]

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According to Irdai, new premium income has been declined by 5.6% to 12,976.99 crore in May 2021 (MINT_PRINT)

New premium income declines by 5.6% to 12,976 cr in May; LIC reports 12.4% dip

[ad_1] Life insurance firms have witnessed a decline in their new premium incomes in May this year, the Insurance Regulatory and Development Authority of India (Irdai) said on Wednesday. According to Irdai, new premium income has been declined by 5.6% to 12,976.99 crore in May 2021. Last year, a total of 24 registered life insurance […]

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The company said, the second wave of the pandemic led to an unprecedented increase in fatalities in the country and consequently death claimed being reported (Mint)

Kotak Life Insurance arm estimates ₹275 crore loss in June quarter

[ad_1] Kotak Mahindra Bank announced on Thursday that its life insurance arm is expected to incur a loss of up to ₹275 crore for the quarter ended June 2021. The company said, the number of claims have increased due to high fatalities during the second wave of COVID-19 pandemic. The company said in its regularity […]

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Life insurance penetration among India

Shocked by Covid deaths, Indians rush for life insurance

[ad_1] “I saw people my own age dying, which prompted me to get life insurance immediately,” says Coutinho, a 24-year-old senior executive at a public relations agency in Mumbai. “I wouldn’t want my family to be in situation where they have to scramble for funds if something happens to me.” The official count puts the […]

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