Single Limit on Expenses for Non-life Insurance Firms Proposed IRDAI

The Insurance Regulatory and Development Authority of India (Irdai) has proposed a solitary cutoff for the costs of general and medical coverage firms. This move is expected to relieve non-life insurers, especially private players. According to the exposure draft released by the regulator, non-life insurers cannot spend a quantity exceeding 30 per cent of the … Read more

Plan for Diabetes and Hypertension Patients Launched by Insurance Company

Niva Bupa Health Insurance Company Limited has launched a new health policy for individuals with diabetes and hypertension. The brand new rider plan, known as Smart Health+ Disease Management Plan, will provide coverage for diabetes, hypertension and its issues from Day 1, offering complete peace of mind to customers coping with diabetes and hypertension. The … Read more

One Licence for All Kinds of Insurance is to be issued in India

Insurance Regulatory and Development Authority (IRDAI) is considering the feasibility of issuing a composite business licence for new and existing insurance companies; sources informed CNBC-TV18. The composite permit will work with open access for guarantors in any line of business. Such backup plans will be permitted to enter any section – life, Health, general, sources … Read more

How an Insurance Policy Get Affected Due to Car Modification

Car enthusiasts frequently alter their vehicle to upgrade its tasteful appeal, add more comfort, or further develop execution. Tragically, these progressions can affect the vehicle insurance premium as they may compromise the safety aspect of the card. Whether you’re modifying your vehicle or adding accessories that could alter a car’s security or performance, you should … Read more

Even if Vehicle Fitness Expires Owner Has Right to Receive Insurance Claim

Karnataka High Court has ordered insurance companies to pay accident compensation to the policy owner regardless if the automobile does not have a fitness certificate and permit. The request was given in a bicycle mishap case from Raichur in Karnataka. The mishap prompting the fight in court between the strategy proprietor and the insurance agency … Read more

Big Move Expected for Two Wheeler Insurance Market

Universally, the insurance business experienced solid payment development in 2020, at per cent, while development in 2021 is perceptibly slower, at per cent. Total expenses (GWP) are supposed to reach … by 2027. Overall, Two Wheeler Insurance Companies looking for full learning experiences in the worldwide protection markets can investigate both the quickest developing business … Read more

How Your Client’s Wealth Get Impacted by Their Health

Longer life. Greater well-being. Biohacks that slow ageing. Researchers and health care providers promise most of these advances and more. But what’s usually not mentioned is that healthy life expectancy – the average number of years a person can expect to be in “full health” without chronic disease or physical limitations – is headed in … Read more

Seven Megatrends That Will Shape Our Society for 2 Decades

Our Future World revisits the groundbreaking 2012 report of the same name, exploring geopolitical, economic, social, technological and environmental forces worldwide and predicting their likely impact on Australia’s people, businesses and governments. The megatrends recognized each has links to, or implications for, insurance. Adapting to climate change With natural disasters expected to cost the Australian … Read more

Selling Final Expense Life Insurance Avoid These 6 Pitfalls

The insurance industry is vast, but among the most accessible niches to pursue is the final expense. Leads are easy to come by, premiums are high, underwriting is simple, commissions are great, and you get paid within days. Nevertheless, you are dealing with a different type of prospect because of the difficulty of starting and … Read more