One in every five Indian consumers surveyed in Mumbai and Bangalore are feeling anxious about their financial situation, with a further 8% of respondents left feeling overwhelmed and unable to cope.
Health insurance companies will not be allowed to contest claims once the premiums on a policy has been paid for a continuous period of eight years, the IRDAI states in new guidelines on indemnity based health insurance.
Happy to reach a new milestone as the tenth episode of #MunchwithJenandBen aired with co-hosts Jensen Siaw, International Motivational Speaker, Benjamin Ang, Editor and Ken Kish, Owner of Munch Munch.
Bharti AXA Life Insurance has appointed Parag Raja as managing director and CEO. Prior to this appointment, Mr Raja was the chief distribution officer at Aditya Birla Sun Life Insurance (ABSLI).
Because of the new simplified income tax regime announced in the Union Budget, sales of life and health insurance policies which qualify for income tax breaks are expected to take a big hit, reported local media.
Mrs Ritu Nanda, one of India's legendary insurance agents, passed away on the 13th of January after a long battle with cancer.
Life insurance companies in India have posted a 35.1% year-on-year growth in new premium collections, to INR1.26tn ($17.7bn) in the April to September (1HFY2020) period.
India's insurance regulator, the IRDAI, has directed that it is mandatory for life insurers to issue benefit illustrations at the point of sale.
Millennials in India prefer life insurance as their most preferred investment option to meet the majority of their life goals, a survey on life goal preparedness reveals.
More than half (55%) of Indian customers still prefer to buy insurance products from agents/brokers, with the conversion rate from the online mode standing at just around 4%, according to a survey by the international professional services firm PwC.
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