There could be instances when insurance companies launch a special revival period during which they offer concession on the interest rates
The primary reason behind an annual increase in the car insurance premium is the rise in third party insurance premium rates by the IRDAI.
Govt insurance schemes inducted 65 crore beneficiaries between 2015 and 2021, while 17 crore bought 17 crore policies
These changes were made by amending the Foreign Exchange Management (Non-debt Instruments) Rules, 2019
Insurance firms will work with ZestMoney to create tailor-made insurance schemes to offer alongside its Buy Now Pay Later (BNPL) products
Health insurance features: Many insurance cos provide a free annual health check-up. Such features were earlier associated with group insurance plan
The government is looking at listing National Insurance and Oriental Insurance on the stock exchange after injecting the capital.
LIC news updates: According to the Irdai rules, the insurer is required to settle a claim within 30 days of receipt of all documents
The policyholder gets a free telematics device installed in the car. This device monitors the kilometres, the condition of the car and driving habits
It is duty of the IRDAI to ensure that its guidelines on health policies are implemented by the insurance companies in letter and spirit