Insurance

Life insurer, HDFC Life, has announced the launch of its latest insurance-cum-investment policy called HDFC Life Sanchay Plus. The policy is a non-participating non-linked plan, resembling a traditional endowment plan. It offers four benefit options. Let’s look at whether they are worth the...
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The Insurance Regulatory and Development Authority (Irdai) is examining the possibility of enforcing a directive on insurance companies to protect policy holders' funds stuck in the now downgraded bonds of IL&FS, but provisioning for such investments is a must, the Irdai chairman said on...
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Mobikwik, a phone-based digital payments company, recently announced the launch of digital term life insurance on its app. The company, in association with ICICI Prudential Life Insurance Company, is providing instant life insurance of Rs1 lakh for only Rs20 per month.    This is not...
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The IL&FS bond toxicity contagion is spreading rapidly. The virus has now spread to a rather large body of savers, in this case insured, which coming as it does just before the general election is not good news for the government. With a concerned Trinamool Congress top gun and West Bengal...
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The insurance industry gives lucrative commissions and bonuses — from six-figure payouts to a chance to bat against Mariano Rivera — to the independent brokers who advise employers. Critics call the payments a “classic conflict of interest” that drive up costs.   The pitches to the...
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