A key factor in assessing the reliability of a life insurer is its claim settlement ratio. This ratio indicates the percentage of claims an insurer has successfully settled over a specific period. A high claim settlement ratio suggests that the insurer honours the majority of claims, instilling confidence among policyholders. For example, an insurer with …
Bandhan Life Insurance has launched a Flexi Cap Fund, which will be available under its iInvest II and iInvest Advantage unit-linked insurance plans (ULIPs). Investors can opt for this fund until February 24, 2025, and the initial Net Asset Value (NAV) is set at ₹10. This fund invests across large-cap, mid-cap, and small-cap stocks. Insurance …
Policybazaar has collaborated with HDFC Life to introduce a new term insurance plan, HDFC Life Click 2 Protect Ultimate. The plan comes with a 100% claim settlement guarantee, aiming to address concerns related to claim rejections and to help with financial security for policyholders’ families. Features of the Plan HDFC Life Click 2 Protect Ultimate …
PNB MetLife has collaborated with Policybazaar to introduce the PNB MetLife Smart Invest Pension Plan, a Unit-Linked, Non-Participating Individual Pension Plan. This new scheme is aimed at helping individuals plan their retirement efficiently, offering flexible investment options and market-linked returns. Flexible Retirement Planning for Individuals The Smart Invest Pension Plan is designed for individuals aged …
The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a new regulation that caps annual premium increases for senior citizens’ health insurance policies by a maximum of 10%. This decision, announced in a press release dated 30 January, aims to address the financial challenges faced by elderly policyholders due to rising healthcare costs. …
Tata AIA Life Insurance has launched the Smart Pension Secure Plan, a Unit-Linked Pension Plan (ULIP) designed to meet the rising demand for retirement solutions. This plan offers market-linked growth opportunities, enabling individuals to build a substantial retirement corpus with flexibility in fund allocation. Market-Linked Investment with Flexibility The Smart Pension Secure Plan is linked …
Axis Max Life Insurance has launched Smart Term Plan Plus, a non-linked, non-participating, pure-risk life insurance plan designed to provide flexible coverage across different life stages. The plan includes various options and benefits for female policyholders and is designed to address specific financial needs. Coverage and Exit Benefits The plan allows policyholders to receive up …
Tata AIA Life Insurance has introduced ‘Shubh Muhurat,’ a life insurance solution tailored to help families manage the financial demands of weddings, a significant life event in India. This policy combines savings, wealth creation, and financial security to address the rising costs of weddings. Addressing the Costs of India’s Wedding Industry India’s wedding industry, the …
In a significant leap towards digital transformation, CAMSRep (CAMS Insurance Repository Services Limited) announced surpassing 1 crore electronic policies. This milestone cements its position as India’s largest insurance repository, highlighting its role in reshaping how policyholders manage their insurance portfolios. The Road to 1 Crore e-Policies CAMSRep’s journey to this milestone has been marked by …
Bandhan Life Insurance, in partnership with Policybazaar, has launched the Bandhan Life iInvest Pension plan, a market-linked Unit Linked Insurance Plan (ULIP) aimed at helping individuals build a robust retirement corpus. This flexible pension plan offers the option to invest in a variety of funds, including the newly launched fund available from January 9 to …
