IRDAI penalizes Policybazaar Rs 5 crore for various violations including biased and misleading product promotionsIRDAI has fined Policybazaar Rs 5 crore for various regulatory breaches. As per the IRDAI order, Policybazaar promoted specific insurance p...
Insurers may get to put more in REITs, InvITsIndia's insurance regulator, IRDAI, is proposing to double investment limits for insurers in REITs and InvITs, aiming to channel more long-...
IRDAI bars insurers from advertising unit-linked policies as investment products, issues advertising rulesThe Insurance Regulatory and Development Authority of India (IRDAI) has bared insurance companies from advertising Unit linked and or index...
LIC is paying 27% as commission from first-year premiumThe Irdai has released it annual report today. The report has highlighted the fact that how much commission has been paid by the life insur...
Why have IRDAI launched combi plans? Naval Goel answersAs you know, insurance is already very complex. If you go and buy a term plan, there are a lot of variants. If you go and buy ULIPs also, t...
3-in-1 insurance: Soon, you can get life, health insurance and market linked investment in one combo productUnder the revised procedure, the insurers are now permitted to 'use and file' group unit-linked life and health insurance products. IRDAI h...
No decision on disclosure of insurance commissions: IRDAIThe committee of CEOs formed to recommend changes in finance, costing and policies of insurance had recommended that the exact amount of co...
Ulip investors get new settlement option. Reasons why you shouldn't rush to opt for itTo address the concerns of Ulip holders, Irdai has introduced a new settlement option that allows investors to receive maturity proceeds in...
Ulip holders may get option to stagger maturity payments to cushion current stock market impactWhere unit-linked policies mature and fund value is to be paid in lumpsum, Life Insurers may offer staggered settlement option to policyhol...
IRDAI issues circular on advertising rules for insurance companiesInsurance buyers need to be aware that insurance companies are required to follow certain norms in advertising their policies. The aim of t...
Regulator may tweak rules governing UlipsAt present, units are deducted from Ulips if one buys riders with it.
IRDAI may allow companies to up savings part, reduce sum insured in policiesOne of the proposals is to make the minimum death benefit 7 times for regular-premium products and 1.25 times for single-premium products f...
IL&FS downgrade: Returns on Ulips, insurance, NPS funds may be hit in short-termGiven that public sector behemoth LIC holds 25% stake in IL&FS, the ripples of the crisis are bound to be felt in the life insurance sector.
Ulips are the positive aspect of life insurance: Tarun Chugh, Bajaj Allianz Life Insurance"There is a sharpened focus on transparency in Ulips. The new Ulips are the best in class in terms of charges," says Tarun Chugh, Bajaj All...
4 lies you’re being told about ULIPsULIP is an unique investment vehicle that allows you to get dual benefits of capital appreciation and insurance.
Bose panel report has mutual funds sounding bullishThese issues may come up for discussions during the forthcoming meeting of AMFI which is slated for September 16 here, according to the ind...
LIC launches New Endowment Plus, its new UlipAfter a gap of close to two years, public sector behemoth Life Insurance Corporation of India finally has a unit-linked insurance policy (U...