In a pay-as-you-drive motor policy, the premium is based on the average distance that a policyholder drives the vehicle.
Experts have said that IRDAI's move is a significant development that can liberate health insurance providers to broaden their spectrum of healthcare network.
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.
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.
One should opt for the medical expense feature in travel policies to ensure that all emergency medical costs get covered
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.
Under the policy, the app detects motion and automatically activates insurance when the vehicle is driven, making it convenient for customers.
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.
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.
IRDAI said it is evaluating the pros and cons of allowing life insurers to sell health insurance policies.
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.
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.
This is the sixteenth consecutive annual bonus and also the highest ever till date.
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
While planning a trip abroad, avail travel insurance policy that has overseas medical coverage of COVID-19
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.
It is a non-linked, non-participating, individual, savings life insurance plan that offers a combination of protection and savings.
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.
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.
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.
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