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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...

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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...

Driving in India without third-party (TP) insurance is illegal and can result in financial burdens if caught without a valid policy. However, even when you have a TP cover, there may be instances...

In India, people can purchase health insurance from multiple companies to ensure comprehensive coverage. Policyholders need to inform all insurers about their existing policies and submit the...

While buying life insurance, align the policy term with your financial goals, such as your child's education and retirement planning, since overestimating the duration might lead to higher premium...

Health insurance claims may be rejected if pre-existing conditions are not disclosed. But sometimes, even the policyholder may not be aware of pre-existing ailments they may be suffering from. To...