INSURANCE


Venkatachari Jagannathan (IANS) 08 October 2021
Lack of proper promotion and transfer policies leading to arbitrariness in decisions, amending eligibility conditions and qualifications after the recruitment process has begun, scrapping the recruitment process midway are some of the human resources (HR) issues afflicting the Insurance...

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US-based insurer Metlife Inc, through its group company, will acquire the combined 15.27 per cent stakes of I.G.E. (India) Private Ltd (IGE) and Elpro International Ltd (Elpro) in the PNB MetLife India Insurance Company Ltd (PNB MetLife) for about Rs 1,906 crore cash.   According to...

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IANS 30 September 2021
The Supreme Court on Thursday ruled that an insurance company can reject the claim, if a vehicle does not have valid registration, as it denied a claim for the theft of a car having temporary registration.   A bench headed by Justice U.U. Lalit and comprising Justices S. Ravindra Bhat...

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Moneylife Digital Team 27 September 2021
The Insurance Regulatory and Development Authority of India (IRDAI) has recently published a product structure guide for cyber insurance. The guide book is supposed to facilitate insurers in developing stand-alone cyber-insurance products, recommend possible coverage and evaluate new...

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Moneylife Digital Team 13 September 2021
The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines to insurers on structuring cyber insurance for individuals and gaps that need to be filled. As per the guidelines, cyber insurance should provide cover against theft of funds and identity, unauthorised...

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Moneylife Digital Team 11 September 2021
Star Health & Allied Insurance, a stand-alone health insurer, has launched a platinum variant of its existing cardiac-care and cancer-care plans. Let us find out if they are worth it.   Star Health Cardiac Care – Platinum This is an indemnity cover policy designed for persons who...

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Moneylife Digital Team 03 September 2021
Edelweiss Tokio Life has launched a new term life insurance called Total Protect Plus. The pure-risk insurance plan provides life cover up to age 100 years, including a host of optional riders to enhance the cover.   Term life insurance is a useful product to protect dependents from...

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IANS 03 September 2021
HDFC Life Insurance Company Limited (HDFC Life) on Friday announced the acquisition of Exide Life Insurance Company Ltd (Exide Life) from Exide Industries Ltd for Rs 6,687 crore.   The process for merger of Exide Life into HDFC Life will be initiated on completion of the acquisition....

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Venkatachari Jagannathan (IANS) 31 August 2021
Suspense continues on whether vehicle-buyers will have to shell out a huge amount towards insurance premium upfront for five years from Wednesday onwards to comply with the Madras High Court's order.   As things stand now, new car-buyers in Tamil Nadu, from Wednesday onwards, have to...

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Moneylife Digital Team 27 August 2021
Earlier this year, the insurance regulator announced a standard pension product called Saral Pension. The standard pension plan is mandated to be offered by all life insurers who sell pension products. Anyone of age 40 years to 80 years can buy this pension plan and start to earn fixed...

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Moneylife Digital Team 09 August 2021
Health insurance is a useful product in one’s financial planning. It protects your finances from getting drained due to huge bills occurring from medical emergencies and critical illnesses.   Health insurance can be bought as an individual policy to protect only self or as family...

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Sayali Mahashur, Amiti Varma  and   Arjun Kapoor 05 August 2021
Almost 10.6% of India’s population lives with a mental illness, shows data from the National Mental Health Survey (NMHS) in 2016. However, even today, it is difficult and costly to access health services and care for mental illnesses across the country. Although health insurance for mental...

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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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