Tag: IRDA

Group Pension Scheme

IRDA is considering a proposal to allow new employees enter into existing group pension schemes, which are generally offered by companies as an additional retirement benefit to top managers. IRDA┬áhad, some time back, barred the entry of new employees into…

Unit Link insurance sales slow due to new IRDA norms

It’s been over two months since the new IRDA norms for unit linked insurance plans (ULIPs) came into effect. The guidelines that have capped the overall charges and also imposed a minimum prescribed return may offer a much fairer deal to investors, but don’t seem to have set the cash registers ring for companies.

Whose health policy suits you better, life insurance cos or general insurers

The debate on whether health insurance is safer in the hands of life companies or general insurers has been on since quite some time in India. Today, a host of non-life and life companies, including public sector behemoth Life Insurance Corporation (LIC) offer health cover to individuals. While the non-life companies continue to dominate the health space, this does not mean that they have had a smooth sailing all along, having been beset with loss-making health portfolios.