Category Archives: India

Star Union Dai-ichi Life Insurance Company Ltd., a joint venture of Bank of India, Union Bank of India and Dai-ichi Life of Japan is all set to begin its operations shortly. The Company filed its application for R1 license in … Continue reading →

Life Insurance Corporation of India has tied up with an insurance portal Policy Bazaar.com to sell its policy Jeevan Aastha online. The consumers would now be able to get the details of the policy online and make purchases, a press … Continue reading →

I am 33 and am planning to buy a life insurance plan. How can I add to my insurance against an accident or a fatal mishap? Rajesh Relan, Managing Director, Metlife says, Most companies will offer riders on your base … Continue reading →

I am a 35-year-old man with a monthly income of about Rs40,000. I have already invested in a term plan and now I intend to make provision for my three-year old child. What is the best option? Rajesh Relan, Managing … Continue reading →

The Insurance Regulatory Development Authority (IRDA) is in talks with the government and other stakeholders to set up a self-regulatory organisation for health insurance companies, reports the Business Standard citing the insurance watchdog’s chairman, Mr J Hari Narayan. Speaking on … Continue reading →

Non life insurance policies are set to take the ‘customisation’ path. The financial security covers will soon come with add-on services, of course, by paying extra premium. The Insurance Regulatory and Development Authority (IRDA) has approved the customisation of policies … Continue reading →

Health insurance is poised to record a massive growth in India. Half of the country’s population is expected to come under the health insurance umbrella in the next seven years, according to an Ernst & Young study. A mere 12% … Continue reading →

Yet another product that defies the basic principle of not mixing insurance with investment. Most insurance buyers forget one simple thing – they should be buying only life, health or any other cover from insurance companies. Instead they lose their … Continue reading →

The decline in the sales of unit-linked insurance plans (Ulips) policy has prompted the Insurance Regulatory Development Authority (IRDA) to consider making life insurers sell a minimum amount of traditional policies for business stability. This would mean prescribing a minimum … Continue reading →