premium

1. Actual Cash Value (ACV): The value of the insured property at the time of loss, considering depreciation. 2. Add-on Covers: Optional extensions to the standard fire insurance policy offering…

Introduction: Insurance plays a crucial role in protecting individuals and businesses from financial risks and uncertainties. When it comes to insurance policies, two key terms that often come up are…

Insurance regulator Irdai on Wednesday said insurers can maintain current accounts in an appropriate number of banks for premium collection and policy payments for the convenience of policyholders and ease…

An insurance claim can be rejected if the policy has lapsed on account of non-payment of premium, said the Supreme Court which stressed that the terms of an insurance policy…

1. Reference is drawn to Clause C (1.1) of “Guidelines on Filing of Minor Modifications in the approved Individual Insurance Products offered by General and Stand Alone Health Insurers on…

Here is a new feature that most life insurers now offer: salary protection insurance. This is a term insurance policy that typically offers a regular income payout option along with…

The Floods in Sikkim have caused widespread loss to property (homes and businesses) and infrastructure. The Sector Regulator IRDAI issued instructions to all General Insurers and Standalone Health Insurance Companies…

The life insurance industry reported a 25.28 per cent decline in new business premium income in November 2023 to Rs 26,494.83 crore from Rs 34,588.8 crore recorded a year ago.…

Shares of LIC, surged 10% to hit an eight-month high on expectation of double-digit growth in new business premiums.The insurer is expecting higher growth, chairman Siddhartha Mohanty recently said. Life…

Star Health and Allied Insurance is set to increase premium rates for certain individual health insurance plans, with an anticipated rise of approximately 15%. In February, the insurer raised premiums…