Most Indians are least prepared for medical emergencies. While many of us may have medical cover by way of group health insurance schemes offered by our employers, the amounts are insufficient. A study conducted by BigDecisions.
At a recent conference on insurance in Mumbai, executives from two private life insurance corporations were heard joking that selling insurance policies was fast resembling a "ladki dekhne wala" ceremony where even if the prospective bride (or
The minimum purchase price for annuity plans, or the amount used to buy annuity plans, could see an increase following the regulation issued by the Insurance Regulatory and Development Authority of India (Irdai), which says the minimum monthly payout in
Imagine this: your car was involved in an accident and you claimed Rs 1 lakh as total loss under your motor insurance. More often than not, the insurance company would say that you are eligible for only Rs 75,000 due to some deductibles.
Imagine your car was involved in an accident and you claim for total loss under your motor insurance. You claim Rs 1 lakh but your general insurance company says you are eligible only to get Rs 75,000 due to some deductibles.
Liability insurance is now increasingly getting sold via tailor-made products made not only looking at corporate needs but also sector needs. Both insurers and brokers say that even for similar needs, different sectors would have different products.