The decision has been taken in the light of the critical financial position and breach of regulatory solvency requirements of these three public sector general insurance companies

\"We don't work on each complaint but only take forward the ones that we know are genuine. On an average we only select three-four cases out of 100,\" says Deepak Bhuvneshwari Uniyal, co-founder & CEO

When it comes to buying a health policy, most people may do it as a formality focussing more on tax benefits under Section 80D of the Income Tax Act than on details of the policy

ULIPs offer a combination of insurance and investment which makes them a goal protection product as it helps you invest for a life goal and at the same time ensures that the goal is achieved in both cases - when you survive the policy period or when you are no longer around

V Viswanand, Deputy Managing Director, Max Life Insurance talks about recent regulatory changes brought in by the Insurance Regulatory and Development Authority of India (IRDAI)

\"Minor modifications that insurers initiate after feedback from customers can now happen much quicker. This includes additional frequencies of premium payment and add-on riders,\" says Shreeraj Deshpande of Future Generali

The panel, headed headed by Finance Secretary Subhash Garg, however makes a clear distinction between the private cryptocurrencies and an official one that the government may consider  issuing in the future. Moreover, it advocated the use of Distributed Ledger Technologies, especially in financial services.

IRDA's decision comes as a welcome surprise for customers as the market anticipated a rise of 20-30% in insurance rates this year.

The Bengaluru-based company offers innovative solutions to simplify products and claim settlement.

Last month, the insurance behemoth completed the acquisition of 51 per cent controlling stake in IDBI Bank, marking the entry of more than 60 years old state-owned insurer into the banking space.

The SBI life Insurance stock rose up to 5.08% to 603 level intra day compared to its previous close of 573.85 on the BSE.