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Insurance

ICICI Lombard joins pay-as-you-drive policy segment

ICICI Lombard joins pay-as-you-drive policy segment

Jul 27, 2022

In a pay-as-you-drive motor policy, the premium is based on the average distance that a policyholder drives the vehicle.

Experts welcome IRDAI’s move empowering insurers to empanel network hospitals

Experts welcome IRDAI’s move empowering insurers to empanel network hospitals

Jul 21, 2022

Experts have said that IRDAI's move is a significant development that can liberate health insurance providers to broaden their spectrum of healthcare network.

5% GST on hospital room rent above Rs 5,000

How 5% GST on hospital room rent will impact your insurance policy

Jul 20, 2022

If insurers are not able to claim the GST paid, it could result in a small rise in premiums, says Sudha Reddy of Digit Insurance.

Drive less than 10K kms in a year? This motor insurance policy charges a premium based on car's usage

Drive less than 10K kms in a year? This motor insurance policy charges a premium based on car's usage

Jul 18, 2022

Digit Insurance's ‘Pay as you Drive’ motor insurance policy gives up to 25 per cent discount depending on the distance driven by the car. Find out more here.

Monkeypox will be covered under your insurance policy; says expert

Monkeypox will be covered under your insurance policy, says expert

Jul 15, 2022

One should opt for the medical expense feature in travel policies to ensure that all emergency medical costs get covered

SBI General Insurance onboards Paritosh Tripathi as MD & CEO

SBI General Insurance onboards Paritosh Tripathi as MD & CEO

Jul 07, 2022

Before joining SBI General Insurance, he was general manager operations, internal banking group with SBI and was also on the board of Sterling Bank, Nigeria and SBI Canada.

Edelweiss General Insurance launches motor insurance product SWITCH; check details

Edelweiss General Insurance launches motor insurance product SWITCH; check details

Jul 04, 2022

Under the policy, the app detects motion and automatically activates insurance when the vehicle is driven, making it convenient for customers.

MSMEs seek larger health insurance covers and wellness benefits post-pandemic

MSMEs seek larger health insurance covers and wellness benefits post-pandemic

Jun 30, 2022

According to employee benefits-focused company Onsurity, nearly two in three Indian start-ups and MSMEs opted for extensive wellness features for their employees in their corporate healthcare subscription plans in FY22.

More people buying travel insurance policies post Covid-19, industry insiders say (Photo: Reuters)

More people buying travel insurance policies post Covid-19, industry insiders say

Jun 27, 2022

Post-pandemic, the uptake of travel insurance has increased dramatically, signalling a widespread fear amongst Indians of catching Covid while travelling.

The surrogate mother may be allowed for abortion during the process of surrogacy in accordance with the Medical Termination of Pregnancy Act, 1971.

Couples opting for surrogacy will have to buy 3 year health insurance : Govt

Jun 23, 2022

The surrogate mother may be allowed for abortion during the process of surrogacy in accordance with the Medical Termination of Pregnancy Act, 1971.

No decision taken yet on allowing life insurers to sell health covers, says IRDAI boss Debasish Panda

No decision taken yet on allowing life insurers to sell health covers, says IRDAI boss Debasish Panda

Jun 22, 2022

IRDAI said it is evaluating the pros and cons of allowing life insurers to sell health insurance policies.

Life insurance sector ready to rollout health insurance if allowed to do so: IndiaFirst Life's Rushabh Gandhi

Life insurance sector ready to rollout health insurance if allowed to do so: IndiaFirst Life's Rushabh Gandhi

Jun 21, 2022

Six years after the insurance regulator IRDAI prohibited life insurance companies from offering health insurance products, it is mulling over allowing it again. It could be good news for policyholders as premium rates for health insurance policies are expected to come down.

Expert Speaks: Is it better to take insurance from India or a foreign university when planning to study abroad? (Photo: Reuters)

Expert Speaks: Is it better to take insurance from India or a foreign university when planning to study abroad?

Jun 21, 2022

A key dilemma student wanting to study abroad faces is this: do you buy insurance from India or when you go abroad. Insurance expert Ashwini Kumar breaks it down for you.

Participating policies as of March 31 this year are eligible to receive the annual bonus, which will be added to policyholders’ benefits

ICICI Prudential announces annual bonus of Rs 968.8 cr for policyholders for FY2022 

Jun 20, 2022

This is the sixteenth consecutive annual bonus and also the highest ever till date.

Non-life insurers' premium rises 24% to Rs 15,404 cr in May

Non-life insurers' premium rises 24% to Rs 15,404 cr in May

Jun 17, 2022

25 general insurers among the 31 non-life players witnessed an increase of 24 per cent in the gross direct premium in May 2022 at Rs 13,566.18 crore, as against Rs 10,954.18 crore in the same month a year ago

It is important to note that your destination, the number of days of travel, the destination of travel, and the age of the traveler also play a part in determining the SI and the premium.  

Travelling abroad? Check whether your travel insurance covers COVID-19 treatment  

Jun 17, 2022

While planning a trip abroad, avail travel insurance policy that has overseas medical coverage of COVID-19 

How do you choose a travel insurance policy amid COVID-19 uncertainties?  (Photo: Reuters)

How do you choose a travel insurance policy amid COVID-19 uncertainties?

Jun 15, 2022

Ensure that your travel insurance policy covers medical expenses so that emergency medical costs get covered during an international trip. Here's a short primer detailing more guidelines.

LIC introduces ‘Dhan Sanchay’ plan

LIC introduces ‘Dhan Sanchay’ savings life insurance plan; details here

Jun 14, 2022

It is a non-linked, non-participating, individual, savings life insurance plan that offers a combination of protection and savings.

Hike in third-party insurance premium for 2-wheelers unlikely to impact demand: ICRA

Hike in third-party insurance premium for 2-wheelers unlikely to impact demand: ICRA

Jun 03, 2022

ICRA said it expects a 7-10 percent year-on-year volume growth in the two-wheeler industry this fiscal, despite inflationary pressures and elongated semiconductors shortage due to the Russia-Ukraine war.

Want to make your car insurance cost-effective; here’s all you need to know

Want to make your car insurance cost-effective; here’s all you need to know

May 31, 2022

At a time when cars are becoming expensive and car insurance too becoming costlier than before, how can you choose an insurance policy that doesn’t burn a hole in the wallet. Read here.

Three add-on motor insurance covers to protect your vehicle during monsoon

Three add-on motor insurance covers to protect your vehicle during monsoon

May 30, 2022

From damaging engines to ruining accessories it is seen as a big threat to vehicles running on the roads. However, with monsoon already knocking on the door, you can prepare your vehicle for unforeseen circumstances by taking certain additional insurance covers. Check them out.