INSURANCE


Buying a life insurance plan for the family can be a daunting task for anyone. While there are many advantages, there are also many options to choose from. Life or health insurance plans come with their own set of benefits that can differ from each insurance provider, but all of them offer a...

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A motor insurance policy is a crucial policy that covers your vehicle against loss or damage caused due to natural or man-made disasters. In India, the Motor Insurance Act, 1988 mandates a vehicle owner to purchase a third-party insurance policy before taking their vehicles on road. While it...

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Moneylife Digital Team 21 July 2021
HDFC Ergo has launched a new health insurance product Optima Secure with exciting new features. The policy doubles your base sum insured cover when you buy, offers bonus 50% of base cover at renewal and even covers the cost of consumables. Let us find out if it is worth the...

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Moneylife Digital Team 16 July 2021
SBI General Insurance has launched a new comprehensive health insurance policy called Arogya Supreme. The policy offers a wide variety of benefits that are designed to provide for your medical emergencies and needs.   We will look into the features of the policy and find out whether...

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Moneylife Digital Team 09 July 2021
Premium charged toward health insurance plans rose during the quarter ended 30 June 2021, according to the health insurance price index report by PolicyX. The report tracks the premium charged by the top-6 health insurance companies in India.   A higher than usual claims experience as...

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Moneylife Digital Team 02 July 2021
Health insurance is a useful product for saving on costs incurred due to hospitalisation and treatment. But it is not easy for everyone to be accepted into the pool of an insurance cover.   A healthy person is likely to face fewer obstacles in buying a health cover compared to someone...

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Edelweiss Group on Friday announced the divestment of its remaining 70 per cent stake in Edelweiss Gallagher Insurance Brokers Ltd (EGIBL) for Rs 307.60 crore.   Gallagher, who previously held 30 per cent in the business, will now be acquiring all the remaining shares, taking its...

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HDFC Life Insurance Company Chairman Deepak S. Parekh has suggested that the Insurance Regulatory and Development Authority of India (IRDAI) should allow India's life insurers to evolve further and widen their role.   In his statement to the shareholders in HDFC Life's Annual Report,...

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Moneylife Digital Team 25 June 2021
When it comes to shares or mutual funds or other securities, there are services like depositories that store our investments. This makes it easy to view all financial investments under a single account.    But the same ease of tracking is not readily available for insurance products....

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The Indian insurance regulator IRDAI has allowed non-life insurers to offer "homecare/domiciliary treatment" or treatment at home as an add on cover afresh or to their existing policies.   In a circular to all non-life insurers including standalone health insurers, the Insurance...

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Moneylife Digital Team 18 June 2021
Technology is a powerful tool that is being used to disrupt many traditional businesses. We have witnessed technology greatly impacting financial services, allowing customers to manage their finances and investments without ever stepping into a physical office or filling a form.   The...

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The realization about the importance of life insurance in financial planning has grown by leaps and bounds over the last one year. [1] Because of the sheer magnitude of the Coronavirus pandemic, this kind of a reaction is quite natural and reasonable. After all, over 163 million across the...

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Moneylife Digital Team 10 June 2021
Critical illness insurance is a useful product for covering the expenses for treating major life-threatening illnesses such as severe cancer, heart attack and others.   Regular health insurance does pay for expenses related to treating critical illnesses, but may not entertain...

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Moneylife Digital Team 04 June 2021
Personal accident (PA) cover and term life insurance are two very important insurance products during our working age. While it is easy to compare and buy a term life cover, the same cannot be said about a personal accident cover.   PA policies are sold either as add-ons to a term...

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Moneylife Digital Team 01 June 2021
The Madras High Court (HC) has ruled that the wife is not entitled for a share in the insured money, if her deceased husband did not contribute towards the premium payment.   In a recent ruling, Justice S Vaidyanathan passed interim order on a petition from G Asha, wife of Ganesh Raja...

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Moneylife Digital Team 24 May 2021
Max Bupa Health Insurance has launched a new health insurance plan for senior citizens. The Max Bupa Senior First policy comes with no sub-limits for common health conditions, health check-up, no claim bonus, ‘ReAssure’ benefit and more. Let us find out whether it is worth it or...

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Mahesh works in the airline industry. In March 2020, when the Government announced a nationwide lockdown, all the airlines were grounded, and the cash inflows of Mahesh’s company dried up. The company delayed staff salaries for a couple of months. Mahesh was in a fix. His organisation was not...

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Moneylife Digital Team 12 May 2021
Many insurers have been refusing to renew Corona Kavach and Corona Rakshak insurance policies (the special COVID-19 policies) launched in 2020 to provide a cover for hospital treatment. Taking a serious note of the refusals by insurers, the Insurance Regulatory and Development Authority of...

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Jenny Deam (ProPublica) 11 May 2021
Since the Trump administration deregulated the health insurance industry, there’s been an explosion of short-term plans that leave patients with surprise bills and providers with huge revenue.   In the spring of 2019, Cory Dowd suddenly found himself without health insurance for the...

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With complaints of life and non-life insurers not selling or renewing standard coronavirus specific health insurance policies Corona Kavach and Corona Rakshak, the Insurance Regulatory and Development Authority of India (IRDAI) has advised the former not to deny the risk cover.   In a...

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