insurance

SBI Life Maha Anand ULIP – Review

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SBI Life has recently launched SBI Life Maha Anand — a unit linked (ULIP), non participating insurance plan. It is an simple and affordable scheme which does not require any medical examination, offers flexibility to increase investments of policyholders through top-ups and liquidity through partial withdrawals. Under the scheme, a policyholder needs to choose premium … Read more SBI Life Maha Anand ULIP – Review

Bharti AXA to launch micro-health insurance

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Bharti AXA General Insurance, a private insurance sector player, plans to launch micro-health insurance to explore the rural market. For this, the company has tied with rural co-operative banks. Further, it is in talks with micro-finance institutions and non-government organisations. Under health insurance, the insurer plans to improve its premium income from the present level … Read more Bharti AXA to launch micro-health insurance

LIC introduces – Gold club membership for its customers

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Life insurance major, Life Insurance Corporation of India (LIC) will be introducing Gold club membership for customers paying premium of more than Rs.25,000 per annum. Further in order to become Gold Club Member, one should hold minimum 5 LIC polices for at least seven years. There should be no premium payment lapse. LIC’s Coimbatore Division … Read more LIC introduces – Gold club membership for its customers

IRDA to define pre-existing illness for Customer’s benefit

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Indian regulators always wake up after consumer complain and shout of injustice. Likewise, IRDA is no exception. located at Mumbai and Thane have observed a surge in disputes over medical insurance claims because insurance companies are rejecting claims on the basis of ‘pre-existing illnesses’. As per the regulation, when an applicant takes a medical insurance … Read more IRDA to define pre-existing illness for Customer’s benefit

Birla Sun Life to launch new term insurance plan

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Birla Sun Life Insurance, a private insurance company, is planning to launch a new term insurance plan for people with healthy lifestyles. The term policy offers only life protection cover for a fixed period. Till date, an insurer used to load the premium if the policyholder was suffering from smoking or drinking addiction, blood pressure, … Read more Birla Sun Life to launch new term insurance plan