Insurance Policy

Battling COVID-19: Does Your Health Insurance Policy Cover Mental Illness?

Business | Nikita Prasad | Wednesday January 6, 2021

With the passage of the Mental Healthcare Act in 2017, the Insurance Regulatory and Development Authority of India mandated the coverage of mental health conditions under insurance in the same way as physical health conditions.

All You Need To Know About Income Tax Benefits For Senior And Very Senior Citizens

Business | Edited by Nikita Prasad | Tuesday December 8, 2020

Income tax benefits for senior citizens: The exemption limit for the financial year 2020-21 available to a resident senior citizen is Rs. 3,00,000

LIC Jeevan Akshay VII Plan: Pensions, Premiums And Other Benefits Here

Business | Edited by Abhishek | Monday November 30, 2020

LIC Pension Plan Policy: LIC's Jeevan Akshay VII is an immediate annuity or pension plan wherein the policy holder has an option to choose type of annuity from 10 available options on payment of a lump sum amount.

Contract Of Insurance Is Of Utmost Good Faith, Says Supreme Court

India News | Press Trust of India | Friday October 23, 2020

A contract of insurance is of utmost good faith and a proposer who seeks to obtain life insurance policy is duty bound to disclose all material facts bearing upon the issue, the Supreme Court has said.

LIC New Jeevan Anand Plan: Premium, Sum Assured, Eligibility, Other Details Here

Business | Edited by Abhishek | Friday October 2, 2020

LIC Jeevan Anand Policy: The maximum maturity age for the LIC New Jeevan Anand policy is 75 years, with minimum policy term of 15 years and maximum policy term of 35 years.

What Changes In Your Health Insurance Policy From October 1: 5 Points

Business | Edited by Sandeep Singh | Wednesday September 30, 2020

IRDAI New Health Insurance Rules Implementation from 1st Oct 2020: The changes are aimed at making health insurance plans broader - covering more treatments - and more simplified.

Three Arrested For Duping People Over Life Insurance Policies In Noida

Noida News | Press Trust of India | Friday September 4, 2020

Three men have been arrested for duping people by promising life insurance policies to them in Uttar Pradesh's Noida, the police said today.

चार दिन बाद सस्ते हो जाएंगे नए वाहन, नहीं लेना होगा लंबी अवधि का बीमा

Shams Raza Naqvi | Monday July 27, 2020

1 अगस्त, 2020 से नई कारों और दोपहिया वाहनों के लिए 3 साल या पांच साल का थर्ड पार्टी इंश्योरेंस लेने की ज़रूरत नहीं होगी.

All You Need To Know LIC Jeevan Shanti Pension Plan

Business | Edited by Abhishek | Thursday July 16, 2020

LIC's Jeevan Shanti plan can be purchased by paying a single premium of a minimum Rs 1.5 lakh. There is no upper limit for the premium.

Offer Health Policy For COVID-19 By July 10: Regulator To Health Insurers

Business | Reported by Sakshi Bajaj, Edited by Abhishek Vasudev | Monday June 29, 2020

IRDAI has asked the insurance firms to offer two health insurance policies - Corona Kavach Policy and Corona Rakshak Policy.

IRDAI Withdraws Long-Term Motor Vehicle Insurance Package Cover For New Cars & Two-Wheelers

Edited By Charanpreet Singh | Wednesday June 10, 2020

The Insurance Regulatory and Development Authority of India (IRDAI) on Monday officially released a circular mentioning the withdrawal of long-term motor insurance package plans including 3rd party insurance as well as own damage. This will come into effect from August 1, 2020. The insurance regulator decided to withdraw the long-term insurance pac...

Nissan India Introduces New Finance Schemes And Pick-Up & Drop Service

Edited by Shubham Parashar | Sunday May 17, 2020

The first of its kind finance and insurance scheme also include job Loss Protection' on EMI's covering loss of job and medical emergencies including Coronavirus. The complementary pick-up & drop service is available in all major cities while customers in other locations can also avail this service at a minimal charge.

Coronavirus Lockdown: Bajaj Allianz Launches New Short Term Motor Insurance Policy

Edited by Shubham Parashar | Thursday April 30, 2020

Bajaj Allianz has come up with a new usage based policy where vehicles can be insured on usage basis for a shorter period of time instead of a full year period.

Date For Renewal Of Health, Motor Insurance Policies Extended Up To May 15: Finance Ministry

Business | Press Trust of India | Thursday April 16, 2020

It is expected that similar extension will be effected for life insurance renewal policy also

Finance Ministry Announces Relief For Auto Insurance Policy Holders

Edited By Kingshuk Dutta | Thursday April 16, 2020

India's Finance Minister, N Sitharaman has announced extension for renewing health and motor insurance.