Term insurance premiums surged by 4.18%
The insurance industry has been facing difficulties in terms of claims as a result of COVID19, which is putting direct pressure on customers due to re-insurers' increases in premium costs.…
LIC permits to revive Lapsed Policies
In view of the prevailing circumstances, concessions are being offered in late fee other than term assurance and high-risk policies, depending on the total premiums paid To provide continued risk…
General Insurance Amendment Bill Passed
The General Insurance Business (Nationalisation) Amendment Bill, 2021, was passed by a voice vote in the din in a matter of minutes, with Finance Minister Nirmala Sitharaman not replying to…
Deposit insurance up to 5 lac
The Union Cabinet on Wednesday approved amendment to the DICGC Act to provide account holders access to up to Rs 5 lakh funds within 90 days of a bank coming…
ICICI Pru Life Announces Rs 867 Cr Bonus
ICICI Prudential Life Insurance on Monday announced an annual bonus of Rs 867 crore, highest ever for its eligible policyholders for the financial year 2020-21. The bonus amount increase 10%…
Health insurance premiums are set to rise
With Covid on the rampage and claims likely to shoot up in the coming months, health insurance premiums are predicted to rise. This may be a one-off reason, but have…