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

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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Insurance

How not to get conned by fake insurance calls

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When it comes to life insurance, the threat of mis-selling is ever-present. A part of the problem is the complex product structures, which are difficult to understand. Another part is the frond-end […]

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Insurance

Insurance claim: Surveyor’s word not final

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Last year, my car got stolen. I lodged a complaint with the police and also intimated the insurance company. Three months after this, the police found my car abandoned in a field. […]

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