New Jeevan Shanti Plan: Under the new plan, the policyholders would now earn rewards from Rs 3 to Rs 9.75 per Rs 1,000 of the purchasing price. The bonus will depend on the purchase price and selected deferment period.
This requirement applies to all individuals and entities purchasing insurance in India and is intended to ensure that insurance companies have accurate and up-to-date information about their policyholders.
Insurance experts say while the number is high, some of the common reasons for claim rejections were improper documents, unnecessary tests, and incidences where treatment was not according to the standard procedure prescribed by ICMR.
LIC new term insurance plans: As per the details provided by the company, both the plans are non-linked and non-participating plans, which means policyholders can pay fixed premiums and receive guaranteed returns.
Numbers have come down considerably considering in September 2020, COVID-19 claims formed 40 per cent of the total health claims, which steadily increased from 8 per cent in May to 23 per cent in July to 34 per cent in August.
Anup Rau, Managing Director and CEO of Future Generali India Insurance in conversation with Business Today, talks about how the general insurance market's emerging segments, such as home insurance, lifestyle insurance, and travel insurance, are picking up demand.
Motor Insurance Policy: Union Minister for Road Transport and Highways Nitin Gadkari said that he will make wearing seatbelts mandatory for all car passengers – including the ones sitting in the back seat.