Insurance

The subsidiary of Apollo Hospital, Apollo Clinic has tied up with HDFC Ergo to sell health insurance policies through its network of over 140 centres throughout the country.

Considering that India records over 6000 new coronavirus cases a day, 200 claim requests a day shows that only 3% of the total reported cases make insurance claim request.

Insurance companies have been asked to offer a standard health insurance product, Arogya Sanjeevani Policy. We have shortlisted some frequently asked questions to help you understand this new policy.

The government has extended the subscription of Pradhan Mantri Vaya Vandana Yojana till March 2023.

While LIC India has added close to 30,000 new agents last fiscal, private insurers like ICICI Prudential, HDFC Life and Edelweiss Tokio Life have added 45000 agents over the last one year.

Insurance companies will now deduct 3.75% and 7.5% TDS on commission income of insurance agents and insurance distribution firms (companies), respectively.

IRDAI has asked life insurance companies to allow policyholders to renew their expired policies due for renewal between March and April till May 31.

The growth of 21% in new business premium collection in the life insurance industry was largely on account of LIC which contributed over Rs. 1.77 lakh crore of the new business premium last fiscal.

Ramachandran succeeds Ashish Mehrotra who has decided to pursue another opportunity after his stint of five years.

The insurance regulator has constituted a committee to draft terms and conditions of standard professional indemnity insurance policy dedicated for insurance intermediaries like corporate agents, brokers, insurance marketing firms and so on.

Simply put, insurance agents can on board new clients through Aadhaar card.

IRDAI has asked insurance companies offering health insurance policies to give an option to policyholders to pay premium in a staggered manner.

IRDAI has asked general public not to fall prey to deep discounts offered by fraudulent online players pretending to be insurance agents/brokers.