The Hindu

Health insurance evolving to suit millennial needs

India has a major share of the millennial demographic — 34% of the total population — to be precise. While this might be a significant percentage, before the pandemic struck, this consumer segment seldom considered having an adequate insurance policy.

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Life insurance products get a fillip during pandemic

There has been a rise in awareness about the benefits of insurance, but the sector still has a long way to go

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Tips to save on motor insurance premium

You can explore pay as you go model and work on deductibles, too Do you own a four-wheeler but find commuting via public transport on a daily basis more feasible than driving? Or are you someone who owns more than one vehicle but usually drives one of them more than the others? If yes, here are a few tips for you to save on your motor insurance premium.

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Government makes FASTag mandatory along with motor insurance from April

Ministry of Road Trasport & Highways (MoRTH) on Saturday said that a valid FASTag is mandatory while getting a new third party insurance through an amendment in Form 51 (Certificate of Insurance), wherein the details of FASTag ID shall be captured and this will be applicable from April 1.

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How to ensure income security for seniors

The Draft National Policy for Senior Citizens has rightly placed emphasis on promoting the existing pension programmes

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LIC’s equity investments ride high on market surge

India’s largest life insurer, Life Insurance Corporation, has raked in tidy gains on its equity investments so far this fiscal, thanks to a sanguine capital market. LIC has booked profits of ₹14,857 crore as against ₹11,437 crore last year for the same period (April to September) showing a growth of 30.37 per cent.

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Government withdraws order making wage pay mandatory during lockdown

It will not be mandatory for businesses now to pay wages to their workers during the lockdown. The Home Ministry’s guidelines for the fourth phase of lockdown starting Monday has withdrawn the order for such an action.

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LIC posts 25.17 per cent growth in first-year new business premium in FY20

State-owned Life Insurance Corporation of India said it has achieved highest number of policies for the last six years in 2019-20. In a round-up of its performance for the last fiscal, LIC said it registered a growth of 25.17 per cent in first-year new business premium when compared to private players who collectively achieved a premium growth rate of 11.64 per cent.

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Tokyo Olympics to be held from July 23 to August 8, 2021

The 2020 Olympics have been postponed amid the global coronavirus pandemic that has brought nearly all sport to a halt worldwide.

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LIC gains market share with individual new business premium growing 44% in January

Growth has been driven by LIC's products that were closed and re-launched in February

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LIC policy will retain its sovereign guarantee: FM

Says IPO of insurance major will not lead to change in ownership

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LIC increases market share in first-year premium income

Crosses last fiscal’s figure with 67 days to spare this year

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What happens when you don’t pay your life insurance premiums?

An insurance company’s obligation to pay out is contingent upon whether the premium has been paid

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LIC claims to have registered increase in market share

Life Insurance Corporation of India said it has registered a significant increase in market share in the current financial year and that its market share during November 2019 is 84.82% in the number of policies and 71.59% in first-year premium income.

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Moneywise | One size does not fit all in life insurance

Ideally, sum assured should be 12-15 times of your dependent family’s annual expenses

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LIC expects to achieve policy sale, first premium targets

The corporation started the financial year with 74% share in life insurance policies and 66% in first-year premium income.

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Life insurance: holding out hope for the future

When life ends prematurely, hope has another name. Life insurance. The real benefit of life insurance has been clouded by less important objectives like investment returns and tax benefits, especially in India. At its core, life insurance protects against the risk of dying too soon.

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How to safeguard your money in risky times and always

If you thought debt funds were a bad idea earlier this year, then the DHFL saga in June 2019 would have given you a shock about corporate deposits. If you then consoled yourself saying there are still banks, the PMC Bank episode would have broken that thin confidence left.

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Data: How safe are bank deposits?

PMC Bank depositors protest outside Asiatic Society, in Mumbai on October 19, 2019.

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LIC beats private firms in premiums

The insurer reported first-year premium of ₹89,980.2 crore

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IRDAI cuts down exclusions in health insurance, more illnesses to be covered

In a customer friendly move, the Insurance Regulatory and Development Authority of India (IRDAI) has now said that insurers must make sure that travel portals do not make travel insurance a pre-selected option.

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LIC’s investments in public sector entities up four-fold over past decade

The insurer has come to the government’s rescue in its disinvestment agenda, time and again

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Lapsed bike insurance? Follow these steps

Across the country, there has been a mad rush to renew lapsed insurance policies by motorists, thanks to the new Motor Vehicles Act that has imposed heftier fines for those driving uninsured vehicles. Apart from the fine, there are other reasons why you should renew your lapsed motor insurance policy.

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LIC assets rise to Rs 31.11 lakh crore

Market share of the insurer rose to 73.1 per cent

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LIC’s first year premium up by 5.7% in 2018-19

State-owned Life Insurance Corporation (LIC) of India registered a 6.08 per cent increase in its total premium income to ₹3,37,185.40 crore in 2018-19 against ₹3,17,850.99 crore in 2017-18.

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IRDAI okays standalone own-damage policy

The Insurance Regulatory and Development Authority of India (IRDAI) on Friday allowed insurers, with effect from September 1, to issue standalone annual own damage (OD) cover for cars and two-wheelers, both new and old.

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RBI cuts repo rate for 3rd time in a row by 25 bps to 5.75%

The Reserve Bank of India cut the repo rate by 25 basis points for a third consecutive time on Thursday and also shifted its stance to accommodative from neutral amidst concerns about slowing growth.

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First-year premium of life insurers up 11 per cent in FY19; LIC retains top slot

Life Insurance Corporation of India registered 5.68 per cent growth in premium at ₹1,42,192 crore

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You have an LIC policy? Then keep checking your mobiles

LIC switches to SMS alerts for policy premium and maturity reminders

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LIC settles claims of Telangana farmers in less than 72 hours

LIC has so far settled 300 claims under the mega farmer insurance scheme, Rythu Bandhu.

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LIC’s ‘cancer cover’ policies a big hit

Collects ₹29.16 crore as premium in nine months since launch

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LIC disburses insurance claim to family of bus conductor

The Life Insurance Corporation of India, on sympathetic grounds, disbursed around ₹3.35 lakh in insurance claims to the wife of a TNSTC bus conductor who was killed in an accident, along with eight others, along the Ooty-Coonoor Road near Manthada, a few days ago.

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New premium of life insurers up 27% in February

Life insurance firms reported an increase of about 27 per cent in new premium collection in February at ₹13,698.52 crore, data from insurance regulator IRDAI showed on Wednesday.

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Deconstructing the PNB scam: a graphic story

The Nirav Modi-PNB scam explained: how it was pulled off, how it came to light, and what we still don't know.

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Protect yourself well with these five must-have insurance covers

Life may throw up many uncertainties, but you can shield yourself against most of them. Here’s how

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Only 31% Indians have separate health policies

Indians are more likely to have a vehicle or life insurance than health insurance, according to a survey by private research firm, Chrome Data Analytics and Media (CDAM). Only 31% of Indians had medical policies independent of those provided by their employers in spite of nearly half the survey respondents admitting to having faced a “financial emergency” due to medical needs.

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