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Insurance policies News

16 Mar 2018

What are the key differences between Life and General Insurance?

When it comes to insurance policies, the options are countless due to which it can get confusing to know which ones to opt for.

14 Apr 2017

IRDAI unveils portal for insurers to sell policies online

Insurance regulator Irdai has launched a web portal for insurers that will allow them to register and sell policies online.

15 Feb 2017

Insurance penetration in India may cross 4% mark in 2017: Report

By the end of 2017, insurance penetration in India is expected to cross the 4 percent mark amid proliferation of insurance schemes, says a report.

29 Dec 2016

France raises 'terror tax' to support victims of attacks

French citizens will contribute an extra 1.60 euros (USD 1.67) on their property insurance policies to help finance a fund for victims of the extremist attacks that have recently hit the country.

Insurance Regulatory

28 Mar 2016

10 new players apply to Irdai to start operations in India

Insurance Regulatory and Development Authority of India (Irdai) has received applications from ten new players to start operations in the country

19 Aug 2015

LIC eyes increasing market share in policies, first premium

Life Insurance Corporation (LIC) has set a target to achieve 85 percent of its market share in terms of policies and 80 percent in terms of first premium by the end of the current fiscal.

03 Apr 2015

Changing nominee in life insurance policies to cost Rs 100 now

Cancellation or change in nomination in insurance policies now comes at a cost as regulator IRDAI has allowed life insurers to charge up to Rs 100 for any such modification.

13 Mar 2015

'Penalty of up to Rs 25 cr for mis-selling insurance policies'

The amended insurance law provides for a penalty of up to Rs 25 crore for mis-selling or misrepresentation of policies by agents or insurance companies to customers.

Insurance policies

07 Sep 2014

New disclosure norms expose insurers' policy-retention claims

Barring a few, such as ICICI Prudential, Reliance Life and Kotak Life, most of the life insurance companies have disclosed lower 'persistency ratios' for the first quarter of the current fiscal ended June 30, as also for the full financial year ended March 31, 2015.

25 Jun 2014

'75% of insurance sales to be online by 2020'

As many as three-fourths of insurance policies sold by 2020 will be influenced by digital channels, says a report by global management consulting firm Boston Consulting Group and Google India.

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