While 48% have less than Rs.5 lakh health insurance, 19% don’t know how they’ll fund a critical illness, claims a recent study by Policybazaar.
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Type: Posts; User: IndiaInsurance
While 48% have less than Rs.5 lakh health insurance, 19% don’t know how they’ll fund a critical illness, claims a recent study by Policybazaar.
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Proposed rules linking traffic violations to higher insurance premiums are under consideration at present. Stricter rules for traffic violations are also being proposed. Experts anticipate that...
The Budget 2025 announces that gig workers will now be eligible for healthcare under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). This move addresses gig workers' lack of income...
Motor insurance premiums involve various factors like payment modes, claim history, and policy purchase method. Choosing strategic options such as spreading payments, leveraging No-Claim Bonuses,...
In 2025, IRDAI's handbook on Indian insurance statistics reported that Acko General Insurance lead amongst all general and health with a 99.91% claim settlement ratio within 30 days. Among public...
Unlike in the West, where government-backed social security provides a safety net, Indians know they must rely on their own savings for the future. This fundamental mindset won’t change easily, HDFC...
The IRDAI has released the claim settlement ratios of all Indian life insurers for FY 2023-24, revealing that 96.82% of life insurance policy claims are settled within 30 days. Notably, private...
In India, you can easily check your car insurance details online through platforms such as the Parivahan Portal, IIB Portal, mParivahan app, and state RTO websites. These government-run resources...
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Having an affordable post-retirement healthcare insurance plan is crucial for senior citizens. By starting their health insurance early, opting for family floater plans, and leveraging preventive...
The new payment mechanism, aims to streamline the payment process for life and health insurance policies, will be effective from March 1, 2025, as per the IRDAI circular.
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LIC has introduced the Smart Pension Plan, a non-linked, non-participating annuity plan offering liquidity options for retirees. With flexible payment frequencies and options for single or joint life...
LIC introduces the Smart Pension Plan, providing flexible and secure retirement solutions with multiple annuity options. Suitable for a wide range of ages, the plan offers benefits like higher...
While purchasing a term insurance plan, it is important to look beyond just premium costs. It is equally crucial to consider factors like sum assured, policy term, claim settlement history, and...
As part of the ongoing monitoring of insurance products offered in the Indian insurance market, IRDAI observed that there has been a steep increase in premium rates under some of the health insurance...
Life insurance ensures financial security for your family in the event of your death, whereas term insurance provides this protection for a specific period at a lower premium. Understanding the...
GST exemption on life insurance premiums: At present, a high GST rate of around 18% on life and health insurance premiums makes plans too costly, which leads to many people potentially forgoing...
If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 34th part of this series, Riju Mehta explains the difference...
Recreational travel insurance ensures a safe trip in Malaysia by covering medical emergencies, cancellations, lost baggage, and adventure activities. It's vital to compare policies, understand...