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Source: Live Mint Union Finance Minister Nirmala Sitharaman has asked the insurance companies to increase the free look period to one year, compared to its current level of one month, according to a CNBC-TV18 report on Monday, February 17. According to the report, Nirmala Sitharaman also said that the committee has finished the internal consultation…
Source: Live Mint Delhi resident Gyan Chand and his wife Mahadevi bought a flat worth ₹50 lakh in Noida in 2017. It was an under-construction flat for which he took a loan of ₹24 lakh. He also bought a group personal accident policy to secure the loan. Unfortunately, he died in October 2021 after a…
Source: Live Mint New Year 2025 is less than a week away, making it the perfect time for people to revisit their health and financial priorities. One of these is having a proper health insurance plan. However, navigating health insurance can feel like solving a puzzle. Terms like deductibles, co-pays, exclusions, riders, and others can…
Source: Live Mint What if your premiums remain the same if you don’t make a claim? A few insurance companies are offering exactly this with premium lock-in options. This will freeze your premium amount until you make a claim or reach a certain age. Some products that provide this option include Niva Bupa Reassure 2.0,…
Source: Business Standard 3 min read Last Updated : Oct 14 2024 | 8:21 PM IST News reports suggest Indians will fly off to foreign destinations in even larger numbers this holiday season than last year. Before they do so, they must purchase a comprehensive travel insurance cover with an adequate sum insured. …
Source: Business Standard 2 min read Last Updated : Oct 14 2024 | 6:38 PM IST Payments major PhonePe on Monday said it has tied up with Bajaj Allianz General Insurance to offer affordable insurance coverage against firecracker-related accidents during Diwali for a limited period. The insurance cover entails a sum insured of…
Source: Live Mint Life insurance policies that also promise guaranteed income entice people with claims such as: “Pay ₹1 lakh for 10 years and get ₹22 lakh lump sum after 20 years”, or “pay ₹1 lakh for 12 years and start getting ₹2 lakh from the 14th year onwards for the following 12 years”. A…
Source: Live Mint I bought a policy in December 2023 for ₹10 lakh. My wife was diagnosed with stage 4 cancer in March and underwent treatment in June. The insurer denied cashless hospitalization. What is my recourse? Would it be advisable for me to port the policy? – Name withheld on request Standard individual health…
