Insurance

The fund house believes that mid cap companies can become blue chip companies.

Majority of investors are not aware of terms and condition of health insurance. Also, even if they make claim request, they are not able to address queries or concerns raised by insurers.

Policyholders say high premium and not so good performance of life insurance products are the top two reasons to leave life insurance policies.

The regular income will not stop even after death of the policyholder.

Loan against insurance also gets cheaper for existing policyholders.

Bima Trinity – Bima Vistaar, Bima Vahak and Bima Sugam to be reality soon: IRDAI

IRDAI proposes to standardize customer information sheet in health insurance.

Bajaj Allianz Life has launched a ULIP having features like balanced advantage funds or dynamic asset allocation fund.

The insurance regulator said that this unregistered company is possibly soliciting surety insurance.

The critical illness covers 130 surgeries and 57 critical illnesses.

The insurance regulator has also asked insurance companies to offer direct plans in insurance by reducing the premium amount.

Majority of profits has come due to availability of solvency margin.

However, the life insurance industry saw marginal decline both in terms of new business premium and total policies sold.

CBDT clarified that maturity proceeds on insurance policies issued after April 1, 2023 will be taxed if the aggregate premium amount exceeds Rs.5 lakh. However, not all maturity proceeds will be taxed.