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...
Type: Posts; User: IndiaInsurance
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...
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...
Tata AIA Life Insurance achieved a 99.13% claim settlement ratio for individual death claims in FY 2023-24. This ensures financial support to policyholders’ families. The company offers a streamlined...
Incurred claim ratio of general, health insurance companies: If you are planning to buy a new insurance policy or port your existing health insurance policy to a new insurer, do remember to check the...
The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana offers free health insurance of up to Rs.5 lakh annually for vulnerable sections of the society and also for senior citizens above 70 years. Read...
Fever, gastritis, heart disease, diabetes, and cancer are top reasons for making claims. Men in urban areas emerged as the highest claimants in health insurance, per PolicyBazaar. Read on to know...
LIC has unclaimed maturity amounts of Rs 880.93 crore in 2023-24. Over 3.7 lakh policyholders have failed to collect their funds in the financial year 2024. Find out how policyholders can check for...
Read the policy document carefully to understand what is covered and what is excluded when buying a health insurance top up plan.
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ESI set to merge with Ayushman Bharat: Under this initiative, ESIC beneficiaries will gain access to secondary and tertiary medical care services at a network of over 30,000 AB-PMJAY-empanelled...
The insurance scheme covers healthcare costs for senior citizens above 70 years and offers coverage in private and government hospitals.
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