Bajaj Allianz, New India, HDFC Ergo, Iffco-Tokio, and Aditya Birla Health top Moneycontrol-Securenow Health Insurance Ratings’ claim settlement chart.
In 2024, the draft product regulations issued in December 2023 will be implemented. It remains to be seen whether IRDAI sticks to the higher surrender value proposal or waters it down in response to the life insurance industry’s concerns.
From higher sum insured to nil waiting periods to OPD expenses, policyholders are looking beyond just hospitalisation benefits, and insurance companies are coming up with policies catering to their preferences.
The product – T.U.L.I.P – offers life cover of up to 100 times the annual premium and also promises return of premium allocation charges at fixed intervals
Lower surrender charges would put more money in the hands of policyholders who were either mis-sold policies or couldn’t keep paying annual premiums. But those who choose to continue paying premiums till the end of the tenure could see their returns squeezed.
In a departure from the past, term insurance issuance to the self-employed has gone up; Policybazaar internal sales data showed an increase of 25 percent between July 2021 to September 2023.
The underinsurance can be blamed on the inclination of Indians to use insurance for savings and not for protection. The report takes into account underinsurance in six areas — life, annuity, pension, health, property, and cyber insurance.
Cars can't roll out of a showroom without third-party insurance. But before grabbing a deal on soon-to-be-old 2023 car, assess if these additional covers offer better protection for your beauty on wheels.
Unless you have opted for engine protection add-on cover along with your insurance policy, any damage to your car engine will not be covered by the insurer. Such damage can happen if you attempt to start the engine while the car is submerged in water
Only five out of 18 mid-cap focussed ULIP funds outperformed the Nifty Midcap 100-TRI over the last five years
Jeevan Utsav is meant to generate regular income over the long term, after the premium-paying years. The 10 percent on sum assured may sound stellar, but the internal rate of return is 5.7-6.04 percent, depending on age, sum assured, and premium-paying term.