Tag: insurer

A simple formula to check your life insurance needs

In general, the ideal life insurance policy amount can be calculated by considering your long-term financial obligations. Need for life insurance: The universal rule is...

Irdai issues norms on professional indemnity policy for insurance intermediaries

Insurance intermediaries such as brokers, corporate agents, insurance web aggregators and marketing firms, who are engaged in solicitation and distribution of products, are now required...

Use NCB of old vehicle insurance policy to reduce new vehicle policy premium

NCB is a benefit that accrues to the policyholder if no claims are made during a policy period. Hence, at the time of renewal, you...

Who should opt for the Arogya Sanjeevani insurance policy?

Insurers have to mandatorily offer the Arogya Sanjeevani policy with a sum insured ranging from ₹50,000 to ₹10 lakh from 1 May. This is the...

Choose an insurer with a claim settlement ratio of at least 95%

I’m 30 years old and want to buy a ₹1 crore term plan. There are too many plans in the market; which one should I...

Scrappage policy may lower your car insurance premium

Older vehicles are not only more hazardous but also carry a greater risk of breakdowns and accidents. They also lead to more pollution. In this...

Max Bupa policyholders lose Max cashless facility

MUMBAI : Max Healthcare is in a stalemate with Max Bupa Health Insurance Co. Ltd and has discontinued cashless treatment in its chain of hospitals,...

Less than 4% of Covid-19 patients in India have insuranc

BENGALURU: In the coronavirus era, policymakers are worried that the number of Covid-19 health insurance claims in India is only about 8,500 with a claim...

Motor insurance doesn’t cover wear and tear

I have a life insurance policy in India, but I work in Nigeria. Will my residential status affect my claim disbursal? Also, will my dependants...