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POLICYHOLDERS TRENDS
Indians opt for higher life insurance cover as average premium rises 43%Average life insurance premiums rose significantly between FY2021 and FY2025. Policyholders are increasingly choosing higher sum assured am...- Insurer-hospital panel on the cards to resolve disputes, says General Insurance Council CEODr S. Prakash, CEO, Health Insurance Ecosystem & Strategic Partnerships, General Insurance Council, speaks to Preeti Kulkarni on policyhold...
- Surrender and withdrawals as a share of total benefits paid by life insurers rise to 39%Surrender and withdrawal benefits paid by life insurers have increased significantly. These benefits now exceed maturity benefits paid by t...
- Tata AIG rejects mediclaim saying policyholder hid a disease: Court says 'insurance companies are only interested in premiums'; orders insurer to pay over Rs 60KTata AIG rejects mediclaim of a policyholder: A consumer court in Haryana has directed Tata AIG to pay a policyholder after finding the ins...
- Your SIPs won't save you if you're making these everyday money mistakes, warns CAChartered Accountant Nitin Kaushik argues that many individuals focus on investment returns while overlooking significant financial leaks. ...
- The old health insurance model sees hospitalisation as an inconvenience, says Narayana Health's Viren Prasad Shetty; bets on managed care modelIt has been close to two years since Narayana Health’s wholly owned subsidiary, Narayana Health Insurance—which has adopted a ‘managed heal...
- Will your hospital bills fall with new IRDAI move? Know how policyholders will be impacted with the formation of this new panelPolicyholders facing rising premiums, slow claims, and opaque hospital pricing will soon see changes. IRDAI's new sub-committee aims to sim...
- Health insurance costs surge; one in 10 policyholders skip renewalHealth insurance premiums have increased significantly, making some policyholders downgrade or drop their coverage. Rising medical costs an...
- Tata AIA Life Insurance launches Nifty Alpha 50 Index FundTata AIA Life Insurance launched Tata AIA NIFTY Alpha 50 Index Fund, an open-ended NFO with an alpha investing strategy. The NFO is open un...
- ETMarkets Smart Talk: Why Harshad Patil is positive on high quality smallcap businessesHarshad Patil focuses on identifying small-cap businesses poised to benefit from manufacturing emphasis and formalization, delivering consi...
- LIC to launch 3-4 products for double-digit growth in new biz premium in FY24: ChairmanIn a bid to achieve double-digit growth in new business premium this fiscal year, Life Insurance Corporation (LIC) is gearing up to launch ...
- Transfer of Sahara Life business unlikely to impact SBI Life's balance sheetBesides, the expert said that the new policyholders may provide an opportunity for SBI Life to offer their product depending on their age p...
- SBI Life to take over Sahara’s insurance bizSBI Life Insurance has been instructed by the Indian Insurance Regulatory and Development Authority (Irdai) to absorb the liabilities of 20...
- SBI Life to takeover liabilities of 2 lakh policies, assets of Sahara India Life Insurance: IrdaiThe Indian regulator, Irdai, has directed SBI Life Insurance to take over the liabilities of approximately 200,000 policies alongside the a...
- Sahara India's life insurance business to be transferred to SBI LifeSBI Life shall take over the policy liabilities of around two lakh policies of Sahara India Life Insurance Co, backed by the policyholders’...
- Expertspeak: Customer will be more powerfulConsumer trust and faith in life insurance will only grow.
- IRDA directs insurers to pay out dues to policyholders on timeIt has directed insurers to oversee timely payouts through a Policyholder Protection Committee in order to bring better governance and tran...
- Tata-AIA Life launches a guaranteed endowment planIn line with the recent trend in the life insurance space, the product is a non-linked plan offering guaranteed maturity benefits.
- LIC has doubts over demat policiesLife Insurance Corporation of India is having reservations over dematerialization of policies as it fears this could lead to unhealthy mark...
- Ten years on, profit eludes most insurersA decade after the life insurance industry opened up, only four companies - MetLife, Aegon Religare, Kotak Life and LIC have managed to sho...
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