insurance sector

FAQs- NRI Life Insurance

Fema / RBI - Q.1 Who is an NRI? Ans. An Indian residing abroad is generally known as Non-Resident Indian (NRI). Non-Resident Indian (NRI) means a person resident outside India who is a citizen of India or is a person of Indian origin. NRI also includes the Person of Indian Origin (PIO). PIO is a person, who at any […]...

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How your Life Insurance can provide Tax Benefits to you

Fema / RBI - Often, people opt into life insurance because of reasons that have to do with tax planning and saving. The importance of life insurance is not lost on anyone who has a family or dependents. Life insurance provides an essential financial shield for the family in the unfortunate event of the policyholder’s demise. So the decision [&hellip...

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The Pros of Offering Employee Health Care Benefits

Fema / RBI - As a business owner, you have to make many decisions related to your business, from how to market your products to how to deal with your employees. One employee-related decision is what employee benefits you will offer, from paid overtime to health care benefits. While there are many ways of ensuring that your employees are […]...

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ULIPs: The Key To Your Financial Security

Fema / RBI - Today, investment planning is as important as earning. And why is that? In a volatile world like this, you never know what’s coming next for you. There might be an unexpected expense or rise in inflation, and all of this can create a financial imbalance in your life. The way you can deal with all […]...

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Why to Choose Max Life Smart Term Plan

Fema / RBI - Life is always undefined and under this uncertainty it is highly imperative to secure your family’s financial needs in your absence. There are several insurance companies offering different types of term plans in the market. Selecting the best amongst them can certainly be  difficult. Here you can learn the features of an ideal term pl...

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Unfair Business Practice by Insurance Companies

Fema / RBI - The Insurance Regulatory and Development Authority of India (IRDAI) has put in place Integrated Grievance Management System (IGMS), which captures the complaints registered against all insurers. A statement showing the number of complaints received and attended to in the said system against both public and private general insurers during ...

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Unclaimed Deposits in Banks and Insurance Companies

Fema / RBI - (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

Fema / RBI - 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

Fema / RBI - 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

Fema / RBI - 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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Indian Insurance Companies (Foreign Investment) Amendment Rules, 2019

G.S.R. 619(E) - (02/09/2019) - (1) These rules may be called Indian Insurance Companies (Foreign Investment) Amendment Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette....

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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 sector"

FAQs- NRI Life Insurance

Q.1 Who is an NRI? Ans. An Indian residing abroad is generally known as Non-Resident Indian (NRI). Non-Resident Indian (NRI) means a person resident outside India who is a citizen of India or is a person of Indian origin. NRI also includes the Person of Indian Origin (PIO). PIO is a person, who at any […]...

Read More
Posted Under: Finance |

How your Life Insurance can provide Tax Benefits to you

Often, people opt into life insurance because of reasons that have to do with tax planning and saving. The importance of life insurance is not lost on anyone who has a family or dependents. Life insurance provides an essential financial shield for the family in the unfortunate event of the policyholder’s demise. So the decision [&hellip...

Read More
Posted Under: Finance |

The Pros of Offering Employee Health Care Benefits

As a business owner, you have to make many decisions related to your business, from how to market your products to how to deal with your employees. One employee-related decision is what employee benefits you will offer, from paid overtime to health care benefits. While there are many ways of ensuring that your employees are […]...

Read More
Posted Under: Finance |

Indian Insurance Companies (Foreign Investment) Amendment Rules, 2019

G.S.R. 619(E) (02/09/2019)

(1) These rules may be called Indian Insurance Companies (Foreign Investment) Amendment Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette....

Read More

ULIPs: The Key To Your Financial Security

Today, investment planning is as important as earning. And why is that? In a volatile world like this, you never know what’s coming next for you. There might be an unexpected expense or rise in inflation, and all of this can create a financial imbalance in your life. The way you can deal with all […]...

Read More
Posted Under: Finance |

Why to Choose Max Life Smart Term Plan

Life is always undefined and under this uncertainty it is highly imperative to secure your family’s financial needs in your absence. There are several insurance companies offering different types of term plans in the market. Selecting the best amongst them can certainly be  difficult. Here you can learn the features of an ideal term pl...

Read More
Posted Under: Finance |

The importance of term plans in financial planning

Most of us hear about term plan often but aren’t much aware of what exactly it is. A term plan is basically a type of life insurance which offers coverage for a period of time to the policyholder. In case of demise of the insured over the tenure of the policy, a sum assured is […]...

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Posted Under: Finance |

Canara HSBC OBC Life Insurance Company

Canara HSBC OBC Life Insurance Company is a JV of two of country’s largest public sector banks and has vast network offering a wide range of life insurance solutions, plans suited for meeting individual’s personal requirement. The company offers complete protection to the policyholder and his family in case of an unanticipated event. ...

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Posted Under: Finance |

Maturity of Life Insurance Policy – Whether Taxable or Not?

Any amount received from any life insurance companies is totally tax free is one of the most common presumptions of the taxpayers.  This is not entirely correct. Amount received from life insurance companies (including bonus) is tax free u/s 10(10D) of the Income Tax Act- 1961, except following receipt: (a) any sum received u/s 80DD(3) [...

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Posted Under: Finance |

Qualities to look for in an insurance company

Whether you buy a brand new car or a second-hand one, the first thing you should do is invest in a good car insurance policy. You can choose from a wide range of coverages offered by various insurance providers. While a good insurance company is one that offers a wide range of products choose from, […]...

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Posted Under: Finance |

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