Axis Bank as promoter brings stability for Max Life
Axis Bank becoming a promoter of Max Life Insurance Company Limited has reduced the pressure on the life insurance company to diversify its distribution channel. The private lender accounts for…
The Prevention of Money-laundering (Maintenance of Records) Second and Seventh Amendment Rules, 2017
This is further to our Circular ref: IRDAI/SDD/MISC/CIR/248/11/2017 dated 8thNovember, 2017 with regard to the Prevention of Money-laundering (Maintenance of Records) (Second Amendment) Rules, 2017 and Circular ref:IRDAI/SDD/CIR/MISC/267/12/2017 dated 18th December, 2017…
Secure your Family when you’re not around with Term Plans
Have you considered the financial repercussions to your family in case of your sudden demise? Most people plan their finances for various goals like marriage, children education, and retirement. Unfortunately,…
Life insurers post 23% growth in first 4 months
Life insurance companies continued to witness positive growth in the new business premium for the first four months of the current financial year. Data from Life Insurance Council shows that…
Cancer care is the new buzzword for insurers
Insurers are now looking at launching standalone products for cancer and related treatments. Though most insurance companies already offer critical illness cover of as high as Rs. 50 lakh and…
Health insurance firms to offer longer-term products, combo plans
Life insurers have been permitted to offer 'health plus life combo' products that come with a combination of life insurance cover offered by life insurers and health cover offered by…
UNDERWRITING OF LIFE INSURANCE POLICIES
1. Introduction: 1.1. The life insurance industry in India has been progressing at a rapid growth since opening up of private sector. The size of country, a diverse set of…
Guide for Licenciate Exam Practice of Life Insurance IC02 – from The Insurance Times
Not getting good coaching at your convenient time? No time for studying? Need Crash course for passing the exam? Getting confused with complex study material? New Passmark 60% for both…
LIC has best claim settlement of more than 98%
According to the IRDAI's annual report for 2014-15, of the total 23 private life insurers, only 11 have a claim-settlement ratio in excess of 90% in terms of number of…
LIC willing to be part of NIIF
Life Insurance Corp of India (LIC) has said it is willing to participate in India's maiden sovereign wealth fund National Investment and Infrastructure Fund (NIIF) as the state-owned company's own…