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 had, some time back, barred the entry of new employees into…
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Relaunch of 400+ life insruance schemes
From 1st Jan the life insurance industry will see a huge change in the business . After IRDA’s latest guidelines more than 400 life insurance plans currently marketed by life insurance companies in the market will be withdrawn and new…
New norms to make health cover claims much easier
Now a days IRDA is working hard to make the life simpler for a policyholder, in past it has allowed portability in the health insurance, which gives the new wings to policyholders stuck with the insurance provider not listening to…
Insurance Repository System
Insurance Repository system for individual policy holders is a pioneering initiative of India’s Insurance Regulatory and Development Authority (IRDA), the first of its kind in the world, as part of its efforts to improve services to policy holders and Insurance…
Pension Plus
LIC’s Pension Plus is a unique ULIP plan where the minimum rate of interest is guaranteed. This plan is excellent investment towards essential long term financial planning.
Private life insurers fail to meet break-even targets
The Insurance Regulatory and Development Authority (Irda) has said private life insurers have failed to meet the breakeven targets indicated by them at the time of seeking a licence. However, companies have started taking corrective action and have reduced their operating expenses considerably.
LIC crosses Rs 10 bn mark premium under new ULIPs
The Life Insurance Corporation of India (LIC) has crossed Rs 10 billion mark under the new ULIP plans, pension plus and endowment plus.
New India to launch premium health policy shortly
Leading state-run general insurer New India Assurance Company today said it will soon launch a new premium Mediclaim product as a part of its efforts to resolve the issue over the cashless health cover, which the state-run players had discontinued early July alleging inflated billing by hospitals.
SBI Life Insurance launches new ULIPs
Leading the array of Unit Linked Life Insurance Plans (ULIPs) being introduced, SBI Life, the leading new generation life insurer, has launched Smart Performer and Unit Plus Super. These products are part of the new range that would address long term wealth-creation and protection needs of varied customer segments.
Future Generali to launch health plus term life insurance plan
Following Insurance Regulatory Development Authority’s move to allow insurance companies to offer “Health plus Life” products, Future Generali India Life Insurance, the insurance joint venture between Future Group and Generali of Italy, is planning to launch a combo plan in the next two months.