Insurance policies

What are the key differences between Life and General Insurance?

What are the key differences between Life and General Insurance?

When it comes to insurance policies, the options are countless due to which it can get confusing to know which ones to opt for.

Mar 12, 2018, 18:19 PM IST

IRDAI unveils portal for insurers to sell policies online

Insurance regulator Irdai has launched a web portal for insurers that will allow them to register and sell policies online.

 

Apr 14, 2017, 15:39 PM IST
Insurance penetration in India may cross 4% mark in 2017: Report

Insurance penetration in India may cross 4% mark in 2017: Report

By the end of 2017, insurance penetration in India is expected to cross the 4 percent mark amid proliferation of insurance schemes, says a report.

Feb 15, 2017, 14:17 PM IST
France raises 'terror tax' to support victims of attacks

France raises 'terror tax' to support victims of attacks

French citizens will contribute an extra 1.60 euros (USD 1.67) on their property insurance policies to help finance a fund for victims of the extremist attacks that have recently hit the country.

Dec 29, 2016, 22:57 PM IST
10 new players apply to Irdai to start operations in India

10 new players apply to Irdai to start operations in India

Insurance Regulatory and Development Authority of India (Irdai) has received applications from ten new players to start operations in the country

Mar 28, 2016, 17:33 PM IST

LIC eyes increasing market share in policies, first premium

Life Insurance Corporation (LIC) has set a target to achieve 85 percent of its market share in terms of policies and 80 percent in terms of first premium by the end of the current fiscal.

Aug 19, 2015, 22:07 PM IST

Changing nominee in life insurance policies to cost Rs 100 now

Cancellation or change in nomination in insurance policies now comes at a cost as regulator IRDAI has allowed life insurers to charge up to Rs 100 for any such modification.

Apr 03, 2015, 18:31 PM IST

'Penalty of up to Rs 25 cr for mis-selling insurance policies'

The amended insurance law provides for a penalty of up to Rs 25 crore for mis-selling or misrepresentation of policies by agents or insurance companies to customers.

Mar 13, 2015, 22:24 PM IST

New disclosure norms expose insurers' policy-retention claims

Barring a few, such as ICICI Prudential, Reliance Life and Kotak Life, most of the life insurance companies have disclosed lower 'persistency ratios' for the first quarter of the current fiscal ended June 30, as also for the full financial year ended March 31, 2015.

Sep 07, 2014, 15:40 PM IST

'75% of insurance sales to be online by 2020'

As many as three-fourths of insurance policies sold by 2020 will be influenced by digital channels, says a report by global management consulting firm Boston Consulting Group and Google India.

Jun 25, 2014, 16:47 PM IST

Insurance regulator seeks expert to streamline processes

Insurance sector regulator IRDA is seeking an information technology consultant to help it to streamline processes and lower the cost of compliance.

Apr 27, 2014, 11:21 AM IST

3 out of 4 insurance policies to be sold online by 2020: Study

As many as three out of every four insurance policies will be sold online by 2020, says a Google study.

Mar 18, 2014, 22:07 PM IST

IRDA sets up 9-member panel to review FSLRC recommendations

The committee will also examine the extant legislative and regulatory framework in compliance 14 non-legislative recommendations (NLRs), IRDA said in an order.

Feb 02, 2014, 12:29 PM IST

Irda imposed Rs 5-cr fine on 12 insurance cos in FY13

HDFC Life paid a fine of Rs 1.47 crore, while ICICI Prudential Life had to shell out Rs 1.18 crore for failure to comply with various provisions of the Insurance Act 1938.

Jan 12, 2014, 13:22 PM IST

Life insurers line up 500 schemes for launch next year

As many as 500 new insurance schemes are all set to hit the market in the next couple of months, following the approval of industry regulator IRDA as part of its new guidelines applicable from January 1, 2014.

Dec 29, 2013, 19:50 PM IST

IRDA to bring CSCs for selling simple policies in rural areas

The Insurance Regulatory and Development Authority (IRDA) is roping in Common Service Centres as a platform for insurers to sell simple policies in rural areas.

Dec 27, 2013, 20:26 PM IST

HC notice to 25 insurance cos on PIL asking pre-packaged rates

The Bombay High Court Tuesday issued notices to 25 non-life insurance companies on a PIL seeking pre-packaged compensation for 42 ailments, covered under medical insurance policies, on the basis of sum insured and on the type of the hospital.

Oct 22, 2013, 19:42 PM IST

'IRDA should look at making digitisation of policy compulsory'

The Insurance Regulatory and Development Authority (IRDA) said the insurance repository system set up by the regulator will be the first of its kind in the world.

Sep 16, 2013, 13:20 PM IST

Life insurance policies on a decline in last 3 years: Govt

The number of life insurance policies has witnessed a decline in the last three years due to fall in sales in the unit-linked insurance segment and general market conditions, Parliament was informed.

Apr 23, 2013, 17:41 PM IST

IRDA to develop mechanism for faster approval of policies

The insurance companies have been demanding from the Insurance Regulatory and Development Authority (IRDA) faster clearances of products filed with it.

Sep 26, 2012, 19:26 PM IST