High commissions, a complex cost structure and bundling with life insurance makes ULIPs a product that one should avoid
Read MoreMore importantly, the approval rate comes along with delivering a top-notch experience, with 86 per cent reporting satisfaction with their claims experience.
Read MoreThe regulator in a release called Reforms in General Insurance Business, said these measures will be helpful to simplify the insurance sector, effectively enhancing the customer-centric insurance solutions.
Read MoreIrdai has issued a Master Circular for health insurance, detailing several key mandates aimed at improving the efficiency and transparency of health insurance services.
Read MoreDepending on the policy, the alternatives for EMI payment duration for your health insurance policy may differ; however, most health insurance plans commonly offer annual, half-yearly, quarterly and monthly EMI options
Read MoreThe whole resolution plan seems like a mockery of the collective intelligence of India's bureaucracy, and banking and insurance officials since the Hinduja Group has proposed to pledge 100 per cent RCAP shares to raise Rs 8000 crores for RCAP acquisition. Simply put, do the Hindujas don't have their own money and depend on RCAP shares as collateral to raise funds?
Read MoreAshok Hinduja had claimed they will clear lender dues worth Rs 9850 crore in 48 hours post IRDA approval
Read MoreCertain changes made to health insurance rules by IRDAI like shortening of waiting periods and asking insurers to cover people of all ages may lead to an increase in premium, especially for senior citizens
Read MoreRCAP administrator says, the contents of the letter were explained to him but IRDA has to accept the replies after examination
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