February 2023 - Insurance Times

Elizur Wright, a 19th century American who started his career as a mathematician is widely considered to be the father of life insurance. In 1844, there was a public auction…

Introduction The insurance industry spends quite a bit of time and money evaluating the physical condition and mortality of applicants. The underwriting processhas long followed thesecumbersome,time consuming, and expensive traditions.…

Insurance is an intangible product. It has always been a tough product to manufacture (underwrite) and more tough to sell. But there is a glimmer of change on the horizon,…

India's insurance regulation (IRDAI) has allowed general insurers to offer technology-enabled add-on plans for auto insurance policies based on the owners' usage and driving history. Here’s what it means for…

OVERVIEW OF EVENT CANCELLATION POLICY: Event cancellation insurance may help cover expenses if one’s special occasion — such as a wedding or an anniversary party — unexpectedly needs to be canceled…

The Insurance Times journal has entered into 43rd year of publication and in the year 2023 we have too embarked upon a journey to reach out to the Industry people…

Finance Minister NirmalaSitharaman presented the budget on 1st February 2023. It was widely anticipated that it being the pre election year, Finance Minister will dole out some goodies for the…

LIC has introduced a new plan LIC's Jeevan Azad. This is a non-participating, individual, savings life insurance plan which offers a combination of protection and savings. This is a Limited…

Canara HSBC Life Insurance launched a new unit-linked insurance plan (Ulip) with savings option. Named Wealth Edge, the product offers three different plans depending on an individual's need and current…

Aegon Life Insurance has launched a new term plan named 'iTerm Prime Insurance plan' for the self-employed sector. The minimum sum assured is Rs 25 lakh. It also offers a…