Insure-Wealth-Economic Times
Check the IRDAI death claim settlement ratio of life insurers for the year 2018-19
The claim settlement ratio reveals the percentage of claims the insurer has paid out during a financial year. In simple words, CSR is defined as percentage of insurance claims settled by an insurer compared to the total number of claims received.
Can single man or woman claim maternity benefit in health insurance policy?
Financial planners advise that health insurance is something one should get early in life. This becomes all the more important when it comes to a maternity benefit add-on. The waiting period of this add-on is usually 2-4 years.
Five things to know about motor insurance riders
Personal accident cover is a type of rider. It covers permanent disability and death of the driver, in case of road accidents.
IRDAI amends definition of pre-existing diseases, a move that can reduce insurance claim rejection
Last year in September, the regulator had modified the definition of pre-existing diseases (PEDs) to include certain illnesses if diagnosed within three months after purchasing the health insurance policy.
Merged banks’ group covers to stay: Irdai
Irdai guidelines will benefit the policyholders of PSBs which will be affected due to the government's bank-merger program. Earlier, when the government merged Vijaya Bank with Bank of Baroda, the former bank customers lost the policy benefits.
Life insurance policy guidelines set to change from February 1. Here's how it will impact you
New guidelines for Ulips and traditional life covers will come into effect from February 1.
You may be able to avail standard indemnity health insurance policy sooner than you think
​Minimum entry age of the policyholder should be 18 years and the maximum entry age should be 65 years. However, a proposer, who is older can also obtain a standardised health insurance policy for the family without covering one's self.
What does small-ticket insurance cover?
A small-ticket insurance cover focuses on a specific need of the buyer. It is also known as bite-size insurance. These insurance products require less documentation for underwriting unlike conventional policies.
How to decide life insurance policy term
You must ensure that you maximise the amount that you contribute towards building your retirement corpus. This will allow you to take a considered view, as to when your dependents will cease to be your dependents.
Lens on motor covers may aid buyers
Insurance company officials say that fining brokers for dealing with select companies could now open up the business for two dozen companies. Customers could benefit if upstart companies start quoting low rates to get a toehold in the motor business.
How to select the right life insurance policy
Personal accident insurance will cover the loss of income in case an accident leads to temporary disability.
10 things to know about the standard health insurance policy an insurer has to offer
According to IRDAI, the policy will be named as Arogya Sanjeevani Policy, succeeded by the name of the insurance company. The regulator said, no other name is allowed in any of the documents.
IRDAI makes it easier for you to port your health insurance policy to a different insurer
"Portability" means, the right accorded to individual health insurance policyholders to transfer the credit gained for pre-existing conditions and time-bound exclusions, from one insurer to another insurer, as per the circular.
How health insurance has changed during the year 2019
There has been a consistent effort to standardise health insurance definitions through various regulatory amendments. The industry is experimenting with innovative ways to offer insurance in the form of small, affordable, bite-size policies.
Life Insurance: What has changed during the year and how it affects you
IRDAI has further simplified both traditional and ULIP products offered by life insurers.
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