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Insurance Products

Banks have been advised to ensure '100 per cent' compliance of know your customer (KYC) guidelines while sourcing insurance business

Updated On: 18 Dec 2022 | 11:18 PM IST

Demand for health and motor insurance to continue though growth may dip, say experts

Updated On: 08 Nov 2022 | 10:50 PM IST

The obligatory cession was reduced from 5 per cent to 4 per cent for FY23. The impact of the reduction on GIC Re would be around Rs 2,000 crore

Updated On: 27 Jul 2022 | 8:23 PM IST

Currently, all life insurance products and riders require prior approval of the insurance regulator before launch

Updated On: 10 Jun 2022 | 11:54 PM IST

New online distribution models such as B2C, B2B and B2B2C are key drivers of growth, with B2C in particular, gaining significant opportunities.

Updated On: 10 Jun 2022 | 4:20 PM IST

The regulator has now asked for inputs from stakeholders on recommendations of the working group by May 31, 2021

Updated On: 12 May 2021 | 6:10 AM IST

It's a significant preparatory step for the initial public offering of the country's largest insurer

Updated On: 24 Apr 2021 | 6:10 AM IST

In 2018-19, banks received more than 12,000 mis-selling complaints; brokers close to 11,000. The number was even higher in FY18.

Updated On: 12 Feb 2021 | 12:22 AM IST

Firm says users don't need to upload documents before making a purchase and they can view their policy documents instantly

Updated On: 14 Oct 2020 | 5:41 PM IST

Renewal subject to insurer's underwriting policy, must be done before expiry of existing policy contract

Updated On: 14 Oct 2020 | 12:29 AM IST

The feature needs customer mandates for these recurring payments to be made. Mandates can be set up with a frequency of user's choice such as daily weekly, monthly or annually

Updated On: 22 Jul 2020 | 6:03 PM IST

Standalone private health insurers reported an impressive 42 per cent growth in premiums in June, and 15 per cent growth for the quarter

Updated On: 10 Jul 2020 | 12:58 AM IST

It also noted that drones are playing a significant role in the current Covid-19 situation, assisting various authorities in several activities

Updated On: 25 Jun 2020 | 6:48 PM IST

Market leader LIC's new business premium down 32% to Rs 3,582 cr from Rs 5,268 cr a year ago; HDFC Life, ICICI Pru among top losers in private space

Updated On: 12 May 2020 | 1:14 AM IST

With customers caught in a swirl of panic and fear, life insurance companies are looking at confidence building measures for a post Covid-19 world

Updated On: 16 Apr 2020 | 11:13 PM IST

The association will provide the bank's customers access to the insurer's portfolio and make insurance more accessible to its customers across India

Updated On: 30 Oct 2019 | 10:56 PM IST

Kumar's case is not isolated, and public sector banks aren't the only ones to blame. Private sector banks are no better

Updated On: 08 Mar 2018 | 6:55 AM IST