The Insurance Regulatory and Development Authority of India (Irdai) recently declared that all life insurance savings products should offer a policy loan feature to assist policyholders with their financial needs. The master circular stated the facility of partial withdrawal under pension products is allowed enabling the policyholders to meet their specific financial needs for important … Read more
HDFC Life has announced its highest-ever bonus of Rs. 3,722 crore on participating plans. According to the insurance provider, this significant bonus is set to benefit approximately 22.23 lakh policyholders. Participating plans or par plans are a distinctive type of life insurance policy that allow policyholders to share benefits in company profits in the form … Read more
Almost four out of 10 patients faced hurdles to get their health insurance claim. As per a survey, 43% of health insurance policyholders, who filed a claim in the last 3 years, struggled to get the money or settle payment dues at a hospital after treatment. The survey by LocalCircles stated that general insurance policy … Read more
Mumbai: The ₹20,557-crore initial public offering of Life Insurance Corporation (LIC) was fully subscribed on Thursday – the second day of the offer. The country’s largest-ever IPO received bids for 16.68 crore shares against the 16.21 crore on offer, according to subscription details on the bourses at 8 PM. The insurer’s policyholders and employees were … Read more