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The exposure draft, if implemented, will be draconian to the insurance industry for various reasons. Persistency levels will fall, and margins from non-participating products will fall impacting profitability. Policyholders would be incentivised to surrender their policies and buy another policy thereby impacting persistency of the business. (Representational Image Source: picpedia.org)

Simplify terms and conditions in insurance policies to reduce...

New Delhi: Insurance companies need to draft the terms and conditions of the policy in a language that is simple and...

11 Nov 2024 4:21 PM IST

Here are 5 right questions or rather information that you must have to facilitate the correct purchase decision of term insurance policy.

Fraudsters dupe elderly with 0% loan offer

Police caution people against getting lured by unbelievable offers

8 Nov 2024 11:32 PM IST

Irdai Proposes To Increase ‘Free Look’ Period to 30 Days

Irdai Proposes To Increase ‘Free Look’ Period to 30 Days

Mumbai: The Insurance regulator on Wednesday proposed to make nomination mandatory in life insurance policies. The...

14 Feb 2024 10:51 PM IST

The police arrested the five accused and seized Rs 1.50 lakh cash, bank pass books, ATM cards, and other incriminating material. (Representational Image)

72-yr-old-man duped of Rs 1.60 crore in fake insurance scam, five...

Hyderabad: The Rachakonda cybercrime police on Thursday detained a five-member gang of fake insurance policy agents, all...

17 Feb 2023 12:30 AM IST

According to Uppal police, the victim Muthineni Shobhan was returning home from work when an unidentified vehicle hit him from the rear and fled in the early hours of Wednesday. (Representational image)

2021 hit-and-run turns out to be murder, four held

Hyderabad: A hit-and-run accident reported at Shadnagar in 2021 turned out to be a murder for claiming insurance, the...

10 Jan 2023 9:41 AM IST