INSURANCE


MDT/PTI 08 October 2012
Reliance Life has filed two health plans, one a reimbursement health plan and another one a simple fixed benefit plan and is awaiting approval from the insurance regulator   New Delhi: Private insurer Reliance Life has sought approval of the Insurance Regulatory and Development...

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MDT/PTI 03 October 2012
IndiaFirst Life's MagibBoard offers instant, practical business intelligence for real-time decisions for customers, agents support and cost control   Mumbai: Private insurer IndiaFirst Life Insurance on Wednesday launched 'MagicBoard', an integrated portable device - which it claims...

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MDT/PTI 26 September 2012
United India Insurance launched 'M-Power'-- an application that can be used by its customers to pay their premiums using a mobile phone   Chennai: Public sector insurer United India Insurance has become the first in the country to offer customers a facility to pay their premium...

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MDT/PTI 25 September 2012
Insurance lines, which are making some kind of losses, will see some hike in premium rates says a top official from United India Insurance Mumbai: Premiums in various segments like fire, group health insurance plan and third-party motor insurance are likely to go up in the wake of losses...

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MDT/PTI 25 September 2012
Edelweiss Tokio Life Insurance claimed its new products, Wealth Accumulation (Privilege) and Wealth Enhancement Ace are designed to ensure that a customer enjoys benefits of wealth creation bundled with insurance cover Mumbai: Private insurer Edelweiss Tokio Life Insurance has launched...

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MDT/PTI 21 September 2012
Tata AIA Life's Suraksha Kosh is a unit-linked plan where death benefit is enhanced by a combination of sum assured plus the total fund value   Mumbai: Tata AIA Life Insurance has launched 'Suraksha Kosh', a non participating market-linked endowment plan covering risks of premature...

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Road accident victims may lose their lives or end up disabled. While physical abilities are irreplaceable, financial compensation would alleviate the victims’ problems.  Raj Pradhan reveals the many details of how such financial compensation can be obtained and also the best-kept secret of...

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Moneylife Digital Team 20 September 2012
New products, regulations, features and options, interpreted from your perspective Money-Back Plan: Aviva family income builder Easy to understand but not quite useful Aviva India Family Income Builder is an easy-to-understand money-back plan, but with limited return-earning...

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Bharti AXA Life’s new plan provides guaranteed additions of up to 10% of each year’s cumulative base premium paid. Find out how it translates to returns of less than 4.5% p.a. for a 20-year policy. If IRDA really wants to bring transparency, it needs to start with this product  

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MDT/PTI 10 September 2012
Bharti Axa Life said its new plan provides guaranteed additions of up to 10% of each year's cumulative base premium paid, with life cover   Mumbai: Private insurer Bharti Axa Life on Monday launched a new traditional plan which it said offers customers guaranteed returns with life...

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MDT/PTI 08 September 2012
Kotak Mahindra, the IRDA order said, violated the guidelines on group insurance policies by not paying the small value death claims directly to the beneficiary. The insurance company routed the claims through the NGO   New Delhi: The Insurance Regulatory and Development Authority...

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AEGON Religare Term Insurance Plan is a new product with inbuilt accidental death cover and optional double death benefit at an additional premium. Does the insured really need both these features? Understand pros and cons   AEGON Religare Life Insurance (ARLI) launched a term plan...

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MDT/PTI 06 September 2012
The insurance plan from AEGOn Religare also provides life cover up to age of 75 years besides giving an option to add three riders like critical illness, woman care, total and permanent disability rider besides tax benefits   Mumbai: Private insurer AEGON Religare Life Insurance...

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ICICI Lombard Complete, as the name suggests, is an all-embracing regular mediclaim product which can be considered as senior citizen mediclaim too due to no restriction on entry and exit age. It does get pricey for elders and for covering maternity and OPD expenses ICICI Lombard General...

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Moneylife Digital Team 06 September 2012
 New products, regulations, features and options, interpreted from your perspective Apollo Munich Optima Senior:  Competitive option for seniors Apollo Munich Optima Senior is a welcome entrant in the senior citizen mediclaim segment. The highlights are: no-claims-based loading,...

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MDT/PTI 03 September 2012
The health insurance policy from ICICI Lombard comes with lifetime renewal with no restriction on maximum entry age   New Delhi: ICICI Lombard General Insurance has launched a flexible health insurance product with no restriction on maximum entry age, reports PTI.   The...

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As per an RTI reply by the ministry of finance, IRDA has taken several initiatives for senior citizens, but has it made the life of senior citizens any easier? The reply of the ministry of finance to an RTI query by MV Ruparelia gives details of recommendations by the Sastry...

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Moneylife Digital Team 28 August 2012
With the market already full of ULIPS that inflicted losses on the savers, here’s another product that joins the category. Will it be any better than the existing ones? HDFC Life Insurance has launched a single premium ULIP (unit linked insurance product) plan named “Invest Wise”, which...

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MDT/PTI 27 August 2012
The Finance Ministry also said that while the insurance companies are providing huge discounts to big customers while 'snatching business' from other PSU insurers, premiums have been hiked up continuously for individual retail policies   New Delhi: Concerned over increasing losses in...

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MDT/PTI 27 August 2012
Reliance Life Insurance is aiming to hire over 5,000 insurance agents from small towns and rural areas and give them jobs as their career option   New Delhi: Private sector insurer Reliance Life Insurance will target small cities and rural areas to hire over 5,000 advisers on...

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