But in terms of sum assured or scope of coverage, the products are unlikely to meet your needs
Make changes where required so that your investment and insurance portfolio are equipped to meet the rigours that 2020 may have to offer
The share of women in terms of number of policies is 36%, higher than what it was in FY18 at 32%
The rising awareness of life insurance as a protection product is giving strong traction to the sector
Good growth in high-margin products, persistency and reach augur well; risk-averse investors could buy the dips
SBI Life touched a life-time high of Rs 1,030 per share on October 30, 2019, while ICICI Pru Life hit a record high on November 8, 2019.
According to rough estimates, the need is at least Rs 2,000-3,000 crore in each of the companies, the total collective requirement is close to Rs 12,000-13,000 crore
The spouse's economic value can be arrived at by estimating the cost of outsourcing such services
A physical copy of the insurance will be delivered to customer's doorstep on request
Act now to put derailed finances on track
It is best to purchase a term plan early in life when one is young and in good health
New business premium is the premium acquired from new policies in a particular time period
Lack of clarity often led to disputes between customers and insurers over whether certain claims could be honoured
Natural calamities can wipe out your assets completely, and life cover is not enough. Sarbajeet K Sen guides on having home, car and health insurance
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While the pace of growth for the four listed life insurers has come down, HDFC Life and Max Life fared better
Ensure that you have a life and medical policy in place. This will safeguard your family against any eventuality and cover liabilities
Never pay in cash and call up insurer to check the genuineness of policy once you get a copy
The total premium underwritten by LIC in Q1 was of Rs 60,106 crore
Now policies will acquire a surrender value after two premiums have been paid