IRDAI has barred Niva Bupa from opening new business locations for six months. Morgan Stanley sees the action as positive for the insurance sector.
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IRDAI has barred Niva Bupa from opening new business locations for six months. Morgan Stanley sees the action as positive for the insurance sector.
Understanding common deductions can help policyholders navigate the claims process effectively and avoid unnecessary out-of-pocket costs.
The move removes the traditional rural-residence barrier and aims to make government-backed life insurance accessible to more citizens.
Policybazaar is also expected to submit its response to the show-cause notice within the prescribed timeline.
In FY24-25, the latest year for which numbers are available, 86 lakh individual life insurance policies lapsed. The lapses were likely concentrated in the traditional small-ticket endowment end of the market.
The sovereign-backed insurance under the Bharat Maritime Insurance Pool offers up to $1.5 billion in liability cover and lower war risk premiums, according to the PIB.
The best healthcare experience is one where patients can focus entirely on treatment and recovery, without being burdened by administrative complexities.
Fire insurance premiums fell 32% in the first quarter as the insurer avoided aggressive pricing, but management said it does not expect the same level of price competition to continue through the rest of the financial year.
Health insurance portability lets policyholders switch insurers without losing waiting period credits, but there are conditions to keep in mind.
Many policyholders assume that a comprehensive motor insurance policy covers everything. The truth is, insurance companies lose thousands of claims every monsoon due to 'consequential damage': harm caused by the driver's actions after the initial flooding.