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INSURANCE NEWS
HDFC Life launches rider for cancer, accidental death and disability
Fri, May 29, 2020     Source : Mint
HDFC Life Insurance has recently launched a rider called Protect Plus which provides protection against cancer, accidental death, and disabilities.
INSURANCE NEWS
LIC launches pension plan, offers Rs 10,000/month for senior citizens
Fri, May 29, 2020     Source : Financial Express
Individuals of 60 years and above can invest in this scheme and get the benefit if guaranteed monthly income. From the option of monthly, quarterly, half-yearly, or yearly mode of pension the pensioner can...
INSURANCE NEWS
If your motor cover is up for renewal anytime soon, you may be charged a lower premium
Thu, May 28, 2020     Source : Mint
The extended lockdown in the country in the wake of covid-19 has resulted in a sharp drop in the number of claims for general insurance companies, as policyholders mostly remained off roads.
INSURANCE NEWS
Amazon provides free COVID-19 health insurance for its sellers
Thu, May 28, 2020     Source : Economic Times
???The insurance will help cover the expenses related to COVID-19 hospitalization and treatment as well as ambulance assistance and ICU charges of up to INR 50,000, and it will be valid for one year after ...
INSURANCE NEWS
PMVVY 2.0: What’s in store for senior citizens
Wed, May 27, 2020     Source : Business Line
The extension of the scheme until March 2023 augurs well for those looking for safe investments with reasonable returns in their silver years
INSURANCE NEWS
Exide Life Insurance drops ambition of ‘breakneck’ growth in FY21: CEO
Wed, May 27, 2020     Source : Business Line
Exide Life Insurance Company Ltd (Exide Life Insurance) has, in the wake of Covid-19-induced lockdown, put its ambitions of achieving ‘breakneck’ growth this fiscal on the back burner, said a top official.
INSURANCE NEWS
Bajaj Allianz offers loan against life insurance policy
Tue, May 26, 2020     Source : Mint
To provide financial support to customers amid the two-month long coronavirus lockdown, Bajaj Allianz life insurance has recently launched an unique option — avail loans against insurance policies.
INSURANCE NEWS
LIC launches modified PM Vaya Vandana Yojana
Tue, May 26, 2020     Source : Business Line
Life Insurance Corporation of India (LIC) on Monday announced the launch of the Pradhan Mantri Vaya Vandana Yojana (Modified- 2020) Scheme.
INSURANCE NEWS
Amphan cyclone: IRDAI asks insurers to hasten settlement of claims
Tue, May 26, 2020     Source : Business Line
The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurers to hasten settlement of claims pertaining to the cyclone Amphan.
INSURANCE NEWS
Standard Health Insurance Policy: Digit Insurance launches Arogya Sanjeevani
Mon, May 25, 2020     Source : Financial Express
IRDAI had mandated all standalone health insurance companies and general insurance companies to offer a standard health product to the policyholders from April 1, 2020.
INSURANCE NEWS
No big growth seen for insurance sector this year due to virus impact: Bajaj Allianz
Fri, May 22, 2020     Source : Business Line
Bajaj Allianz Life is not expecting significant growth for insurance industry this year due to coronavirus impact on the economy, a top company official has said.
INSURANCE NEWS
How home and car insurance can protect you against natural disasters
Fri, May 22, 2020     Source : Mint
Cyclone Amphan made landfall in India on Wednesday, causing torrential rains and wind speeds of around 155-165 Kmph.
INSURANCE NEWS
IRDAI permits Union Bank to continue with IndiaFirst stake
Fri, May 22, 2020     Source : Economic Times
The state owned bank which is also the promoter of Star Union Dai-Chi had to divest either the entire stake in IndiaFirst Life Insurance, or a sizable part of it, as IRDAI guidelines prohibit a lender to o...
INSURANCE NEWS
PMVVY Scheme: Modi govt extends Pradhan Mantri Vaya Vandana Yojana for senior citizens
Thu, May 21, 2020     Source : Financial Express
Initially an assured rate of return of 7.40 % per annum for the year 2020-21 per annum will be provided and thereafter to be reset every year.
INSURANCE NEWS
How covid-19 will change the way insurance policies are bought and sold
Thu, May 21, 2020     Source : Mint
For me, a benefit of the lockdown has been working from home. Fellow introverts know the connection we have with the mute button on Zoom and the supreme satisfaction of clicking “Stop video".
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