Category: Insurance

Bajaj Dominar gets five-year warranty, insurance

Bajaj had introduced its ‘5-5-5’ festive offer back in October 2018, which included five years of free damage insurance cover, five free services and a free five-year warranty package on some of its motorcycles. The company has now extended this offer till December 31, 2018 and added the Dominar 400 ABS to the list of […]

Toffee Insurance launches bag insurance for Wildcraft customers

Digital-only insurance platform Toffee Insurance has partnered with outdoor products company Wildcraft to offer bag insurance in India. This backpack insurance will be available with the purchase of any Wildcraft bag worth Rs 1,299 or more. The price of the insurance product is in-built into the bag’s final price. Rohan Kumar, CEO & Co-Founder, Toffee […]

50,000 left without insurance cover as Qudos goes into liquidation

Danish insurer Qudos, which has around 50,000 Irish-based customers, has said it will not be paying out on any claims at present as the company has gone into liquidation. Qudos, which filed for liquidation in Denmark on 27 November, would mostly have sold motor insurance policies to customers here via agents and brokers. Although the […]

Irdai proposes changes in registration norms for insurance marketing firms

New Delhi: Regulator Irdai Monday proposed to relax norms for registration of insurance marketing firms with an aim to improve penetration of insurance products in the country. Insurance marketing firms (IMFs) are registered by the Insurance Regulatory and Development Authority of India (Irdai) to solicit or procure insurance products. Earlier this year, the regulator had constituted a committee […]

Taking a health insurance cover can protect your wealth

Adversities hit you without a warning. Especially if they are to do with a catastrophic illness. Most people have that one family member who has been diagnosed with a dreaded illness and finds it challenging to manage financially. It is surprising then to hear that almost 44% (according to a report by Vidal Healthcare Services […]

Freedom Insurance shares halved on liquidity warning

Investors have wiped out almost half embattled Freedom Insurance Group’s market capitalisation after it warned it may face a liquidity shortfall and admitted it was under investigation by the corporate watchdog for misconduct highlighted by the banking royal commission. The company said it would have to repay customers up to $4 million in the December […]

The Indian Insurance Industry is undergoing a makeover: Here’s how

The Indian insurance industry is evolving. In terms of products, reforms, innovations and disruptions. This is reflected in the recent statistics. Data shows that overall insurance penetration (premiums as a percent of GDP) increased to 3.49 percent in 2017 from 2.71 percent in 2001 while the overall insurance density (premiums as a percent of total population) […]

Make most of your life insurance cover, add these Term insurance riders

When you plan to buy a life insurance policy, you must always consider buying a term insurance plan. This is no doubt one of the simplest and most cost-effective insurance products available in the market today. Term insurance plans are designed and customised in such a manner that in the event of the sudden death […]

Insurance on EMI: A proposal stuck at concept stage

Three years ago, a proposal to offer products on premium installments came into the insurance sector. The question was who will fund the scheme and how much interest should be charged. As sector entities, insurance companies did not have the legal right to engage in other businesses. Nothing moved after that. In 2018, insurers are […]

3 important things to keep in mind while renewing your health insurance

Buying a health insurance cover to protect your family from unseen health care expenses is quite a responsible step taken in the right direction. But you must know that to keep the insurance cover valid, you also need to renew it annually. Health insurance cover offers adequate coverage for all possible medical expenses incurred by […]