insurance sector

The importance of term plans in financial planning

Finance - 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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Canara HSBC OBC Life Insurance Company

Finance - 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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Maturity of Life Insurance Policy – Whether Taxable or Not?

Finance - 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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Qualities to look for in an insurance company

Finance - 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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Know the Facts Before You Buy a Term Life Insurance

Finance - Here are some facts that everyone needs to consider before opting for a term life insurance....

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Unfair Business Practice by Insurance Companies

Finance - 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

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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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"

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 […]...

Read More
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. ...

Read More
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) [...

Read More
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, […]...

Read More
Posted Under: Finance |

Know the Facts Before You Buy a Term Life Insurance

Here are some facts that everyone needs to consider before opting for a term life insurance....

Read More
Posted Under: Finance |

Unfair Business Practice by Insurance Companies

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 ...

Read More
Posted Under: Finance |

What are the different types of car insurance coverages?

As Indians, we have a knack for using protection shields whenever we bring home something new, for example a brand new car. We believe in safeguarding our car by using kitchen ingredients like lemons and chillies to ward off the evil eye. But this protection does not work unless you take the actual steps to […]...

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Posted Under: Finance |

10 reasons which make health insurance must-have for everyone

It is the fundamental right of every person to obtain at least the basic health amenities.  People should remember that they may be young and healthy but that does not make them invincible. A calamity can strike anyone at any given point of time. You need to be prepared to combat against any and every […]...

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Posted Under: Finance |

7 Things In Life That Shouldn’t Need A Second Chance

You live only once and life does not give you a second chance very often. To be truthful, there are a few things in life, which should not require a second chance. Here are a few instances when you have to put your best foot forward and make the first chance count. 1. Your happiness […]...

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Posted Under: Finance |

Quick Guide to Understanding Life Insurance Types

Given the unpredictability of life, it makes sense to have a safety belt to handle any kind of untoward situation. Such a safety belt is especially needed for your loved ones when you are not around. And to take care of such uncertainties of life, you can opt for a life insurance plan. Thus, a life insurance […]...

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Posted Under: Finance |

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