policyholders

Keeping the policyholders’ convenience in mind, so that they will be able to pay the insurance premium timely even amidst the COVID-19 outbreak, LIC has made an extension to the…

The unclaimed amount is common in insurance sector and over a period of time amounts have accumulated as unclaimed which is a cause of concern. There are the major reasons…

Insurers may soon have to lower commissions to insurance agents in certain product categories, such as participating products even as they are faced with high agent attrition. Incidentally, to improve…

Pre regulation market The Indian Parliament passed The General Insurance Business (Nationalization) Act in the year 1972 and consequently, General Insurance business was nationalized with effect from 1 January 1973.…

  The Life Insurance Council, an apex industry body of life insurance companies, is planning to put in place a centralized database of insurance policies by December to detect and…

  The Insurance regulator under the proposed new rules has decided to reduce the commissions that take a big bite out of initial premiums, as much as 25-30% of the…

  Policyholders will be affected by changes in agent commissions and in their appointments Last week, after heated debate, Parliament finally approved the Insurance Laws (Amendment) Bill. Much of the…

  Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as first year premiums from insurance product sales in 2015-16. Not only this it is…

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…

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…