82% of insurance buyers prefer physical copies of policy documents
The insurance penetration has seen a spike in recent times and over 80 per cent of the insurers prefer a physical copy of their insurance document, according to a recent…
Bharat Yatra Suraksha: IRDAI launches guidelines on standard domestic travel insurance policy
IRDAI has recently issued guidelines on Bharat Yatra Suraksha, the standard domestic travel insurance product, that will provide coverage for hospitalization expenses, death, permanent complete or partial disablement due to…
COVID-19 pandemic may cut life policy cover
Life insurance companies have turned cautious and tightened underwriting norms for high-value policies in the wake of second wave of the COVID-19 pandemic and pullback by reinsurance companies citing low…
LIC’s March, 2021 policy sales grow 299%
LIC has recently stated that its policy sales in March, 2021 were 299% higher than the previous year. It had sold 2.1 crore policies in FY21 of which 47 lakhs…
7 held for duping insurance policy holders in Ghaziabad
Police have recently arrested 7 people in Ghaziabad for allegedly duping hundreds of insurance policy holders of crores of rupees.The arrested included two women. The accused have been identified as…
Criti-Care: Bajaj Allianz General Insurance introduces critical illness policy
Bajaj Allianz General Insurance has recently announced the rollout of a critical illness policy named Criti-Care. While the entry age for adults is 18 years to 65 years and that…
Debatable Policy
In the month of September 2020, to promote wellness benefits and preventive outlooks, the Insurance Regulatory and Development Authority of India issued guidelines to insurance players and instructed them to…
CURRENT SCENARIO AND CHALLENGES OF INSURANCE BUSINESS IN INDIA
ABSTRACT Indian economy is in transition over the last ten years, owing to the initiation of major economic reforms affecting almost all sectors. The paradigm shift from a mixed economic…
Buying or Renting a Home? Don’t forget your home insurance
The hunt for your new dream home has finally ended! From the location of the house to the view from the balcony, everything seems perfect. You just need to sign…
Benefits of Self Survey Applications for Buying Car Insurance
It’s that time of the year when your car insurance policy is due for renewal. You would get a reminder well in advance before the deadline from your vehicle insurance…