Insurance companies can no longer exclude many illnesses


In a move that will benefit lakhs of policyholders, insurance companies have been barred from excluding illness associated with hazardous work activity, artificial life maintenance, treatment of mental illness, age-related degeneration and internal congenital diseases.

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MahaRERA set to make land title insurance mandatory


Regulator IRDAI has permitted insurance companies more freedom in revising rates. Insurers can now increase or decrease premiums by 15% depending on their claims experience in a certain sector.

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Insurers can change rates by up to 15% without IRDAI nod


Regulator IRDAI has permitted insurance companies more freedom in revising rates. Insurers can now increase or decrease premiums by 15% depending on their claims experience in a certain sector.

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Uber to offer free accident insurance for its riders


US-based ride-hailing giant Uber recently said it will offer free insurance to its riders in case of accidents while on a trip across categories such as cars, autos, and motorcycles. Riders will be insured for up to Rs 5 lakh in case of accidental death or disability and up to Rs 2 lakh for hospitalization, including an OPD benefit of up to Rs 50,000.

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Demand for motor cover spikes on penalty fears


Insurance firms are doubling their motor-insurance policy-writing capacities as those without requisite cover are lining up to insure their vehicles after India announced stiff penalties for breaches of traffic laws.

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NHA, IRDAI recommend measures to check frauds, data standardization


The National Health Authority, responsible for implementing the Ayushman Bharat scheme, and Insurance Regulatory and Development Authority of India (IRDAI) have launched a report recommending best practices, common standards, collaborative measures and IT framework for data standardization and to check frauds.

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Soon, Car insurance premium may depend on how you drive


How you drive and how many accidents you are involved in could soon be a factor for insurance companies to decide the premium you need to pay to insure your vehicle.

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LIC launches tech-term insurance plan, offers financial protection: Things to know


Life Insurance Corporation of India (LIC) has announced a new term insurance plan, known as LIC's 'Tech-Term' plan. It is a non-linked, without profit, pure protection 'online term assurance policy' which provides financial protection to the insured's family in case of his/her unfortunate demise.

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Should you opt for a loan against a life insurance policy?


At times, one may need to take a loan when a financial emergency comes up. In such a situation a personal loan is one of the quickest options. But is it the best option? Instead of going for an expensive option like a personal loan, there is another option you can consider.

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LIC India Records A Rise In Assets, Reaches Rs. 31.11 Lakh Crore


Insurance behemoth LIC recently said its assets have grown to over Rs 31.11 lakh crore, mainly helped by a bouquet of 32 plans under individual business. With the increased business, the market share of the insurer rose to 73.1 percent at the end of July 2019.

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Things to keep in mind while buying travel insurance


Importance of travel insurance

Lost your wallet, cancelled the flight, lost your baggage. Sounds like a holiday from hell right? Well, these are some of the unexpected emergencies that you might face while you are a holiday. To prevent these financial risks, you should get a domestic travel insurance policy. Here is everything you need to know about getting a domestic travel insurance policy.

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Non-life insurers register 23 pc rise in July premium at Rs 14,378.45 cr


Non-life insurance companies earned a premium income of Rs 14,378.45 crore in July this year, up nearly 23 percent from a year ago, data from the Insurance Regulatory and Development Authority of India (IRDAI) showed.

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All you need to know about buying domestic travel insurance


While on holiday, even within the country, you can face emergencies or unexpected situations like losing your wallet, flight cancellations or loss of baggage.

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8 major death cases which are not covered in term life insurance


Most people know that term life insurance will give a lump sum death benefit to the nominee on the demise of the insured (policyholder), within the policy term. However, not many know that there certain types of death that are not covered by life insurance policies.

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Property insurance rates may spike


Insurance firms are likely to bump up property cover rates as extreme weather becomes more common in the country. This year, floods have caused widespread devastation in Karnataka, Kerala, Maharashtra, and Gujarat.

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MobiKwik, Chola MS roll out general insurance product


Continuing its push towards sachet type products, fintech platform MobiKwik, in association with Chola MS rolled out a personal accident cover of Rs 1 lakh for a premium of Rs 20 per year.

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SBI Life Insurance's value of new business jumps 49 percent to Rs 370 crore in Q1


SBI Life Insurance has reported a 49 percent increase in its value of the new business (VoNB) to Rs 330 crore in the first quarter of FY19-20 as compared to the same period in the previous year.

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5 Factors to consider while buying a new car in India


Buying a car is one of the most crucial decisions that we make. From looking for the right design, model, and features to choosing the right accessories that make a car the perfect fit for you and your family- there are numerous factors that come into play.

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Govt plans to tweak PMFBY; to make crop insurance voluntary to all farmers


Making crop insurance voluntary to all farmers, removal of high premium crops, giving flexibility to states to provide customized add on products are some of the key changes the Centre is planning to make to the Pradhan Mantri Fasal Bima Yojana (PMFBY), a senior government official said recently.

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LIC new premium more than doubles in June


Led by LIC, life insurers' collective new premium income jumped 94 percent to Rs 32,241.33 crore in June this year, according to data from the Insurance Regulatory and Development Authority.

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Bharti AXA Life ties up with Airtel Payments Bank for pure term insurance


Airtel Payments Bank has partnered with Bharti AXA Life Insurance to offer Bharti AXA Life POS Saral Jeevan Bima Yojana --a pure life term plan--through its extensive network of banking points across the country.

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Budget 2019: Government raises FDI limit to insurance cos


The insurance industry may soon see an influx of foreign capital as the government has increased the foreign investment limit on insurance intermediaries to 100% from 49% earlier.

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Millennials have unconventional life goals; life insurance top investment choice, shows survey


Millennials in India prefer buying life insurance as the most preferred investment option to meet the majority of their life goals, even as unconventional life goals such as health, fitness, travel and life enrichment are gaining traction, a survey on life goals preparedness said recently.

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IRDA allows standalone annual own damage cover for vehicles from Sept 1


Want a fancy car registration number?

The regulator IRDAI has asked general insurance companies to make available standalone annual Own Damage (OD) covers for both new and old cars and two-wheelers from September 1.

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