Insurance

Policyholders can insure their life as well as protect their money

Customers have to shell out more money, according to the new norm

The business figures have slowly started improving for this sector

Health insurance portability to be implemented from today

50 per cent persistency ratio is compulsory for an agent in case of change of insurance agency from one life insurer to another

ICICI Prudential Life claims that these ULIP products have been designed to provide the best-in-class value along with multiple investment strategies.

Most of the policy holders would not instantly utilize portability introduced by IRDA as it involves a tedious process and gives less benefit in return

The insurer’s main focus is on protection and not investment

Malay Ghosh, Executive Director and President, Reliance Life Insurance Company Ltd shares his new distribution strategy - Part 2

Malay Ghosh, Executive Director and President, Reliance Life Insurance Company Ltd talks about the changes in the life insurance sector and predicts that the industry will grow by 10-15% this year

The changes in regulatory norms and reduction in commissions lead to termination of insurance licenses

Consumers won’t be allowed to switch from non-life to life insurers

Consumers won’t be able to take the advantage of higher coverage if they change their insurers under portability

So far, among the 24 players, only ICICI Prudential life, HDFC Standard Life and SBI Life fulfill the criteria

The insurers will meet IRDA officials for discussing changes in the portability scheme