Review: IDBI Federal Life Young Stars Plus Plan
IDBI Federal Life Insurance has launched a new insurance savings plan called Young Stars Plus Plan. The policy pays out 125% of maturity sum assured in the form of guaranteed annual payouts (GAPs), along with guaranteed additions (GAs)and bonus as well. The policy works in this manner:
1) You decide the ‘maturity sum assured’ that you wish to achieve, the policy term and premium payment...
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  • India’s First COVID-19 Life Insurance Is Launched. Is It Worth It?
    Until now, we had the Corona Kavach health insurance policy targeted specifically for COVID-19 treatment. We also saw the launch of Corona Rakshak, a fixed-benefit policy that paid a lump-sum if the insured was hospitalised for 72 hours due to COVID-19. We had reviewed these policies here
     
    Although the two policies covered the important aspect, i.e., giving financial support for...
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  • Life insurers can get digital consent till March 31: IRDAI
    The Indian insurance regulator on Thursday said life insurers can get the consent of a prospective policyholder through electronic means in the case of pure risk products for sales made by agents.
     
    The Insurance Regulatory and Development Authority of India (IRDAI) said life insurers can dispense with getting the wet signature of a prospective policyholder on the proposal form till March 31, 2021.
     
    According to IRDAI, life insurers should send the completed proposal form, benefit illustration and suitability assessment to the registered email id or mobile phone number of the proposer.
     
    The proposer can give his/her consent by affixing digital signature or clicking the confirmation link or by validating the one time password (OTP) that was shared.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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