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India tag returned 73 results

  • Adopt to accelerate: Riding megatrends to increase life insurance penetration in India

    The FY 2020-21 report by The Economic Survey reported an increased insurance penetration to 2.82% from 2.74% in 2018. Albeit an improvement, there is much work ahead for the industry to educate the population on financial protection.

    Date : 24 Jan 2022
  • Build a healthy, wealthy and happy retirement!

    Entering the retirement phase and reaping its various benefits is something that everyone looks forward to experiencing. However, without adequate savings or a strong retirement corpus, enjoying your golden years can be a tad bit hard. Financial preparedness and a thorough understanding of one's requirements are crucial aspects to evaluate during retirement. Here's a quick guide to planning your retirement, ensuring you avoid any financial instabilities during your 'second innings'.

    Date : 30 Nov 2021
  • Life insurance: A roadmap for the future

    The past decade has seen an unprecedented shift in the consumer attitude towards life insurance. The narrative of a life insurance product has now moved from 'fear of uncertainties' to the 'cover of financial protection'. The pandemic has further deepened the importance of financial protection against risk which will continue to be the core of life insurance offerings. It also brought to focus two key aspects that will shape the 'tomorrow' of life insurance - health and retirement. For the life insurance industry to remain relevant and resonate with the changing preferences of the customers, health and retirement will be important business drivers that will enable a buoyant business.

    Date : 14 Nov 2021
  • Life insurance riders 101: A quick guide to making a better decision

    Purchasing life insurance riders can be tricky. Max Life Insurance deputy managing director V.Viswanand looks at a few common riders and explains the benefits they provide.

    Date : 12 Oct 2021
  • India: Insurers hope for a hike in premium for government life insurance scheme

    Insurers in India are looking for a hike in the premium for Pradhan Mantri Jeevan Jyoti Beema Yojana (PMJJBY, Prime Minister Life Insurance Scheme).

    Date : 08 Oct 2021
  • Digitalisation key to the future of bancassurance - Max Life's Varun Gupta

    Even with all the challenges the pandemic has thrown at it, the bancassurance sector in India has continued to perform well. We spoke to Max Life Insurance's Mr Varun Gupta, director and national head for Axis Bancassurance Relationship to get his thoughts on some of the trends affecting the sector and what it can do to continue playing a key role in the distribution of life insurance.

    Date : 03 Oct 2021
  • Elevating customer experience in insurance - Manu Lavanya, director and COO of Max Life Insurance

    Amidst the uncertainties it has introduced, the pandemic has sparked an irreversible transformation in every sense-economic, societal, and physical. Given the impact, there is no denying that every business is reinventing itself to address the challenge of exceeding customer expectations in the COVID world. In light of the rapid transformation taking place globally, businesses across sectors are compelled to revitalise their operations to meet customer demands and unlock higher value with digital agility.

    Date : 06 Sep 2021
  • Decoding the claims paid ratio - the key to a good life insurance policy

    When purchasing a life insurance policy, it is often advised to check and compare the 'claims paid ratio' of life insurers to determine if the policy and insurer are a right fit for you and your needs. The ratio has become a reliable norm across the industry that is mandated by the IRDAI. But what exactly is the claims paid ratio and what makes it such a crucial element to consider when buying life insurance? I've answered some common questions that arise.

    Date : 29 Jul 2021
  • Building a high touch world of agents with high-tech world of digital

    Even as the vaccine reaches every arm, the world has already been transformed by COVID-19. Employees and consumers have embraced remote work and the digital life as the new normal simply for its convenience, and for some, it means a more productive lifestyle through the time saved from daily commutes.

    Date : 13 Jul 2021
  • Riding the digital wave in insurance - Manu Lavanya, director and COO of Max Life Insurance

    With Covid-19 transforming the world, digital revolution and technology rose to the occasion significantly. In a largely face-to-face life insurance industry, digital initiatives helped reimagine traditional customer lifecycles and ensured a superior experience for them during the pandemic in a remote and contactless era.

    Date : 23 Jun 2021
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