The next time you step into a bank branch, the relationship manager might not try to sell you an insurance policy that isn’t suitable for you. If at all you are sold a policy, it will be after a thorough analysis of your financial needs and goals.
General insurance companies are taking a big hit in their motor insurance portfolio, due to their being asked to pay for third-party (TP) accidents by past policyholders,which they have to later recover.
Courts are piled with succession cases involving nominees and legal heirs. A typical case: After the death of a person, the appointed nominee gets into court battle with legal heirs, staking their claim.
Insurance is for providing security against an unforeseen event. This aspect has long been forgotten in life insurance. But recently, term insurance plans have got a new lease of life though they are not very popular.
The 10-day Ganesh Chaturthi festival set to begin from Friday has seen a bumper season for the insurance sector. Insurance officials said about Rs 480-500 crore worth of cover has been taken by mandals across Maharashtra.
Many policyholders simply let their life insurance policy lapse because they feel it is not suitable for them. But the question is: does it really make sense to lose the money that you have paid? The answer is no.
If you are planning to start an online business, along with regular fire and natural peril insurance for your office premises, and protection for your employees, you must secure your company against cyber crime.
On 24 August, as the global markets were crashing all around us, the Sensex had plummetted about 1700 points at one time. Once again, the Life Insurance Corporation of India (LIC) stepped in to rescue one more share-sale plan of the Government of India.