insurance act

6 reasons why you need a term Insurance

Finance - Section 80C of Income Tax Act, 1961 offers an exemption to the individuals for the premiums paid for term insurance up to INR 1.5 lakh annually. Further, the death benefits that are received by a nominee of the policyholder are also tax-free. ...

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CPA Cover For Vehicle Owners Increased; What It Means For You?

Finance - CPA, Compulsory Personal Accident insurance is the new mandate as per the insurance regulator, IRDAI (Insurance Regulatory Authority of India). All the vehicles should be covered by a motor insurance plan as per the Motor Vehicles Act, 1988. It is an offense to ride a bike without a valid driving license and a valid insurance […]...

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CPA Cover For Vehicle Owners Increased; What It Means For You?

Finance - CPA, Compulsory Personal Accident insurance is the new mandate as per the insurance regulator, IRDAI (Insurance Regulatory Authority of India). All the vehicles should be covered by a motor insurance plan as per the Motor Vehicles Act, 1988. It is an offense to ride a bike without a valid driving license and a valid insurance […]...

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DHFL’s COCODrive – India’s first pick and pay car insurance policy

Finance - With a continuous rise in the number of automobiles on Indian roads, it’s getting tougher to safeguard your car from any unwanted accidents. The exorbitant cost of repairs, coupled with the expensive spare parts, could definitely make a hole in your pockets that is why it’s important to have a good Car Insurance policy. With […...

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Term Insurance – A well-wisher at every hour of life

Finance - Financial planning is a process of meeting the goals of life with the help of proper finance management techniques. This includes elements of wealth creation, planning for certain milestones in your life and the most important of them all – planning for emergencies and contingencies. Term insurance not only offers peace of mind but ...

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Unclaimed Deposits in Banks and Insurance Companies

Finance - (i) All insurers are required to display the information about any unclaimed amount above Rupees 1000/- of Policyholders in their respective web-site. (ii) A facility shall be given in the web-site of the insurer to enable Policyholders / or its dependents to find out whether any unclaimed amounts due to them are lying with the insurer....

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9 Criterias to Assess Performance of Private Insurance Companies

Finance - Performance of private insurance companies are assessed through the following: - i.) Analysis of the financial statements and corporate governance report of the insurance companies on annual basis. ii.) Analysis of the statement of expenses of management and payment of commission on an annual basis....

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Indian women continue to be viewed as supplementary bread earners in families

Finance - A survey, conducted by Apollo Munich Health Insurance in collaboration with Nielsen India Pvt. Ltd. in 19 cities found that despite a rise in health insurance claims filed by women, few women are coming forward to buy health insurance....

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Insurance penetration in India likely to cross 4% this year: ASSOCHAM

Finance - Government’s policy of insuring the uninsured has gradually pushed insurance penetration in the country and proliferation of insurance schemes are expected to catapult this key ratio beyond 4 per cent mark by the end of this year, reveals the ASSOCHAM latest paper....

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Second surveyor can not be appointed by Insurance Companies

Finance - Upholding a district forum order, the Maharashtra State Consumer Disputes Redressal Commission recently dismissed an appeal filed by an insurance firm. The commission ruled against the Oriental Insurance Company after it appointed a second surveyor t...

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Govt. notifies Insurance Ombudsman Rules, 2017

Notification No. G.S.R. 413(E) - (25/04/2017) - These rules shall be called the Insurance Ombudsman Rules, 2017. The objects of these Rules is to resolve all complaints of all personal lines of insurance, group insurance policies, policies issued to sole proprietorship and micro enterprises on the part of insurance companies and their agents and ...

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Recent Posts in "insurance act"

6 reasons why you need a term Insurance

Section 80C of Income Tax Act, 1961 offers an exemption to the individuals for the premiums paid for term insurance up to INR 1.5 lakh annually. Further, the death benefits that are received by a nominee of the policyholder are also tax-free. ...

Read More
Posted Under: Finance |

CPA Cover For Vehicle Owners Increased; What It Means For You?

CPA, Compulsory Personal Accident insurance is the new mandate as per the insurance regulator, IRDAI (Insurance Regulatory Authority of India). All the vehicles should be covered by a motor insurance plan as per the Motor Vehicles Act, 1988. It is an offense to ride a bike without a valid driving license and a valid insurance […]...

Read More
Posted Under: Finance |

CPA Cover For Vehicle Owners Increased; What It Means For You?

CPA, Compulsory Personal Accident insurance is the new mandate as per the insurance regulator, IRDAI (Insurance Regulatory Authority of India). All the vehicles should be covered by a motor insurance plan as per the Motor Vehicles Act, 1988. It is an offense to ride a bike without a valid driving license and a valid insurance […]...

Read More
Posted Under: Finance |

DHFL’s COCODrive – India’s first pick and pay car insurance policy

With a continuous rise in the number of automobiles on Indian roads, it’s getting tougher to safeguard your car from any unwanted accidents. The exorbitant cost of repairs, coupled with the expensive spare parts, could definitely make a hole in your pockets that is why it’s important to have a good Car Insurance policy. With […...

Read More
Posted Under: Finance |

Term Insurance – A well-wisher at every hour of life

Financial planning is a process of meeting the goals of life with the help of proper finance management techniques. This includes elements of wealth creation, planning for certain milestones in your life and the most important of them all – planning for emergencies and contingencies. Term insurance not only offers peace of mind but ...

Read More
Posted Under: Finance |

Know your General Insurance Rights

Before you learn about your rights on general Insurance, you need to first understand what exactly general insurance is and how important it is to claim your rights on it. General insurance is a kind of risk management, used primarily to tide over any sudden loss, risk of a contingent and individuals or institutions are […]...

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Posted Under: Finance |

The role of insurance in staying financially strong

Insurance is a basic expenditure which you must factor for preventing yourself from costs which you perhaps couldn’t afford in case something goes wrong. Car accidents, medical emergencies, theft, accidental damage, and more could happen. For protecting your finances, and securing the future of your family, it’s best to seek out insur...

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Posted Under: Finance |

Taxation of maturity proceeds of LIC Wealthplus policy

Lakhs of people have received their maturity proceeds under LIC Wealthplus Insurance policies during the year ended 31-3-2018 and they have to submit their income tax return on due dates in this year on different dates according to their status....

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Posted Under: Finance |

Motor Insurance Policy – What all should be Covered?

For motor vehicle owners in India, not having insurance for their vehicles is not an option. Irrespective of whether a vehicle is personal or commercial, all car owners within the nation are mandated to have at least a minimum level of insurance by law, as clearly specified under the Motor Vehicles Act of 1988. Today, […]...

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Posted Under: Finance |

Key Points to the Insurance Audits

CA Amresh Vashisht, Meerut The Insurance auditors shall examine policy and liability procedures, risk valuation, tax documents, and various other financial records of insurance. It is to ensure that proper insurance rates and premiums are implemented and regulators laws are being followed by insurance companies. Claims and commissions are...

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Posted Under: Finance |

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