Bring Insurance pension plans at par with NPS
After almost three years of slowing growth and high inflation, signs are emerging that there will be an improvement on both the fronts. The GDP growth numbers appear to have bottomed…
Ask the right questions to get the right life insurance
Today you have a wide variety of life insurance products to choose from. In such a case, it is important that you select a product that suits your requirements most…
Tax concessions for life insurance sector likely in budget
Life insurance policyholders can look forward to more tax concessions as finance ministry is considering a proposal to do away with service tax on first premium and create separate exemption…
Cell phones as catalyst for an insurance revolution
The Insurance Regulatory and Development Authority (IRDA) estimates that the total life policies in force as of end of March ‘11 is about 25.32 crores. It means that majority of…
Micro insurance norms to be out soon
Micro insurance regulations for the insurance sector is set to be finalised soon. The regulations prescribe a framework within which insurers can offer affordable micro insurance products to a targeted…
Life insurance norms soon: IRDA chief
The final guidelines on traditional life insurance products, which are in the final stages of consultation, are likely to be announced after the meeting of the insurance advisory committee that…
Beef up coverage of your term insurance via riders
Life insurance is a must-have financial tool for every individual with some sort of financial responsibility. This has become even more important with change in lifestyle and increasing number of…
Insurance policies see a dip in average ticket size
The average premium per policy of a life insurance policy has decreased by nearly 8% in FY12 over last year, according to a study carried out by Deloitte India. The…
Life insurance distributors see 54% drop in Ulip commission
Life insurance distributors have witnessed a drop of 54 per cent in commission earned from unit-linked insurance policies (Ulips) to Rs 1,733 crore in the financial year 2011-12 (FY12), compared…
Investment, not protection motive behind life insurance
Life insurance has a sole motive of securing the financial goals of a family in case the bread earner fails to do so due to some unfortunate event. The life…