Author: Shreyas Dole

The capital injection will enable the general insurers businesses – National Insurance Company Limited, Oriental Insurance Company Limited, and United India Insurance Company – to restore their financial condition. According to reports, the government may inject Rs 3,000-5,000 crore in extra capital into the three public sector general insurance firms this year depending on their performance and needs. State-Run General Insurers The capital injection will enable the general insurance companies, National Insurance Company Limited, Oriental Insurance Company Limited, and United India Insurance Company, to restore their financial health. The government invested Rs 5,000 crore in these three insurance businesses during…

Cancer insurance plan is a form of coverage that provides financial support to people who are diagnosed with the illness after the free look up time specified in the terms and conditions of the bought cancer insurance policy. A cancer-specific coverage covers the expenses of cancer diagnosis and treatment, such as hospitalization, chemotherapy, radiation, surgery, and so forth. The money is normally paid out at different levels of diagnosis, such as minor, major, and critical. Cancer insurance plans, on the other hand, do not often provide death, maturity, or surrender benefits. At truth, it is not restricted to the actual…

Almost everyone on the planet has been shocked by the outbreak. A period when we were all reminded of the significance of obtaining health insurance. In today’s environment, with medical inflation and growing healthcare expenditures, it is essential to be protected by health insurance coverage. Another thing to keep in mind is that ageing brings with it a slew of difficulties. And when it comes to older adults, those aged 60 and above are more vulnerable to sickness or disease. At this age, the odds of developing significant health problems increase, and the costs of treatment may be prohibitively expensive.…

Life insurers had a 13% increase in new business premiums in FY22, compared to a 7.5 percent increase in FY21. Life insurers saw a 37% increase in new business premiums (NBP) in March, thanks to the exceptional performance of the IPO-bound Life Insurance Corporation (LIC), whose NBP increased 51% over the same month the previous year. Furthermore, despite reporting single-digit growth in FY21, the first full year of the pandemic, the sector is back to double-digit growth in FY22, with the NBP increasing by 13%. In FY22, private sector insurers increased their NBP by 23% to Rs 1.15 trillion, while…

The heart belongs at home. Purchasing a house is a desire that many of us have. Buying a house requires years of hard labor, patience, energy, and, most importantly, your hard-earned money. As a result, it is critical to protect your house from tragedy with home insurance coverage. Any tragedy, whether man-made or natural, never strikes without warning. As a result, safeguarding your house from such potential hazards is critical. Don’t be concerned! Continue reading to learn more about house insurance coverage. What Exactly Is Home Insurance? If you are or are going to become a homeowner, purchasing house insurance…

Health Insurance Policies Adequate health insurance may assist alleviate the financial strain that might occur as a result of a medical emergency. Different insurance firms provide a variety of health insurance options. Choosing the proper one for yourself, on the other hand, maybe a challenging undertaking. “One should choose the insurance that best meets one’s requirements and gives help in tough circumstances, such as hospitalization due to accident or sickness,” says Pankaj Arora, MD, and CEO of Raheja QBE General Insurance. Here are some frequent exclusions for persons looking to get health insurance as a quick reference; Pre-existing Illness According…

While motor insurance premium costlier is a necessary expense to protect you and your vehicles, there are always ways to make it less expensive than it has to be. The ever-increasing inflation rate has forced all of us to cut corners wherever possible in order to keep up with our essential expenses, one of which is our vehicle and its maintenance. Certain costs associated with the vehicle, such as fuel, servicing, and motor insurance, cannot be avoided. Regardless of how you use your vehicle, motor insurance is a legal requirement that the vehicle owner must follow. Aside from being a…

Health Insurance for Smokers when it comes to purchasing a health insurance policy, a widespread myth is that the insurer would refuse coverage if you smoke or use tobacco. This, however, is not the case. There are health insurance businesses in India that provide health insurance coverage for a higher price with additional terms and conditions. We should never forget that smoking is harmful to our health at any moment. Smoking may lead to a variety of medical issues, which can result in costly treatment and other costs. Health Insurance- Smokers vs Non-Smokers A smoker is more susceptible to ailments…

Insurance penetration in India remains low at 4.2 percent, a nominal increase from 2.7 percent in 2001, while other Asian countries such as China, Malaysia, and Thailand were at 4.3 percent, 4.72 percent, and 4.99 percent in 2019 (these countries reached India’s existing penetration rate three years earlier), and penetration in these countries is increasing rapidly. In FY 21, our insurance density had only increased to $78 from $11.5 in 2001, with life insurance accounting for $58 and non-life insurance accounting for $19. For the comparison period, global values for the life and non-life divisions were $379 and $439, respectively.…

Your house is one of the most significant investments you will ever make. The sense of accomplishment and fulfilment that comes with acquiring a new home is indescribable. Furthermore, the joy of designing your new house to your liking is incomparable, i.e. a sumptuous, L-shaped couch and a wall-mounted TV unit are definitely required. But, in the midst of your eagerness to decorate your new home, are you overlooking anything critical? You may be thinking that since you’ve already purchased your dream home and equipped it to your specifications, what more do you require? The solution is house insurance! Home…