Insurance

Insurance Regulator slaps Rs 1.11 crore penalty on Policybazaar

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Finding it guilty on multiple counts, Insurance Regulatory and Development Authority of India (IRDAI) has slapped a penalty of Rs 1.11 crore on insurance web aggregator Policybazaar and has also issued a […]

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Insurance

All about car insurance renewal online

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Car insurance policies are purchased for a certain tenure. Once that time period has lapsed, the insurance will not be valid anymore. It is, therefore, necessary to renew your car insurance periodically. […]

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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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