Insurance

Decoding insurance claim settlement ratio

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What is it? Claim settlement ratio is the ratio of the number of claims that the insurer has paid over the number of claims filed by the nominees during a particular period. “If […]

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Insurance

Motor insurance: Now buy standalone own damage cover

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Policyholders will have the option to renew the own damage component of a bundled cover on or after September 1, with the same insurer or different insurer, on an annual basis. Vehicle-owners […]

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Insurance

Insurance company fined for denying 7-year-old girl’s surgery claim by alleging ‘drug use’

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The court slammed the insurance company and the TPA for misinterpreting the mediclaim guidelines and held that 7-year-old girl did not develop cataract due to drugs. Vadodara: A consumer court in Vadodara has […]

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Insurance

Attention! Smoking affects your insurance premium

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On an average, a smoker pays Rs 650 to Rs 850 more monthly for their life insurance policy than non-smokers, equating to Rs 8,000 to Rs 10,000 per year. A recent study […]

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Insurance

Four insurance covers you must have this monsoon

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Though the monsoon is slow-paced this year, it’s just a matter of time before it covers the entire country. While that will be a welcome relief from the scorching heat, especially for northern India, […]

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Insurance

Did you notice? SBI Life Insurance, Shree Cement entered $10 bn club in 2019

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The market rewards consistency, quality of management and earnings growth. SBI Life Insurance and Shree Cementswhich rose 17 percent and 19 percent in 2019, so far, entered the $10 billion club (market cap over Rs […]

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Insurance

Insurers pin hopes on tweaks in unlimited claims’ liability for motor TP covers

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The Motor Vehicles (Amendment) Bill 2017 is likely to be tabled in the Parliament once the session begins on June 17. The bill that has been pending approval for almost three years […]

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Insurance

55% Indians still buy insurance via agents

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In India, insurance continues to be a push product, mostly due to its complex structure that is difficult to understand. No wonder then that a recent report by PwC India Pvt. Ltd, […]

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