However, gross premiums underwritten by general insurance players saw fall of 4.24% in the first three months of current financial year. Gross direct premiums underwritten by non-life insurance industry saw a growth of 7.83% to Rs 13,961.25 crore in June as against Rs 12,947.89 crore in same month last year. Players in the industry say that growth in June is due to the pick-up in the health insurance segment, but motor insurance remains under pressure. However, gross premiums underwritten by general insurance players saw fall of 4.24% in the first three months of current financial year. The data from Insurance Regulatory and Development Authority of India (Irdai) shows that general...
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'Corona Kavach' will cover the cost of treatment of any co-morbid conditions, including pre-existing conditions, along with the treatment for the coronavirus infection or disease with the tenure ranging from 3.5 months to 9.5 months (Photo: iStock) 'Corona Kavach', 'Corona Rakshak' insurance policies on offer from July 10 3 min read . Updated: 28 Jun 2020, 02:59 PM IST IANS The standard indemnity-based COVID-19 policy named as It is mandatory for general and health insurers to provide the reimbursement-based standard COVID-19 product, while offering the benefit-based product is optional for all insurers It is mandatory for general and health insurers to provide the reimbursement-based...
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The pandemic upheaval has changed people’s outlook towards insurance. It has made people value the importance of insurance and apprehend the consequences of not having one. Industries, across the globe, have undergone a digital revolution. But, the way people buy insurance has remained much the same for decades, until the recent COVID-19 outbreak. Since the outbreak, like everything else, people are browsing through health insurance and life insurance policies online to secure their future and life goals, thus upping the levels of digital disruption that is mostly seen in areas such as retail or and banking. The pandemic upheaval has changed people’s outlook towards insurance. It has made...
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Top 10 insurance companies Top 10 insurance companies list along with their employee details,shareholders,services country. Zurich Insurance Shareholders: $45.4 Billion Services in: 170 countries Zurich insurance group is one of the leading insurance companies in the world which operate on a truly global basis with mission to help its customers by realizing and protecting themselves from uncertain risk. The insurance companies is providing quality services to its customers with wide range of specialized plans to firms, individuals, small business and multi-national companies since 130 years. ING Group Shareholders: $63.22 Billion The ING Group is a Dutch banking and financial services...
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A life insurance policy offers financial protection for your loved ones in the event of your death. It’s an important purchase especially if you have children, or a partner or other dependent with financial commitments that they would struggle to meet without your support. Despite its importance, life insurance can be confusing. Here are ten life insurance myths: 1. Critical Illness Policies are the same as Terminal Illness Benefits… If you’re covered by a critical illness policy, then a serious illness such as a stroke or cancer will result in a payout. Terminal illness cover only pays out when you have been told how long you can expect to live, and the prognosis isn’t good. Even if...
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Life insurance is a contract between you and an insurer. The life insurance premium varies by locations, insurance companies and, more importantly, a person's own health, age and life styles. In this article, we will go through the factors of the life insurance premium and what types of life insurance you can purchase. What factors impact the cost of Life Insurance? Bundling of auto and home policies The common types of life insurance As you may have heard lots of types of Life Insurance, there are primarily two major types of life insurance: term and whole life. Usually, life insurance sold to individuals are different than those for groups. Below we can find more information about those...
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Myth #1: I don't need life insurance. Probably false. Very few people readily have the funds needed to take care of their current obligations after their death. If you have anyone who relies on your income for their day-to-day needs, like a spouse, child, or elderly parent, or if you have debts like a mortgage, credit card, or car loan, then you likely need life insurance. Myth #2: I don't work outside the home so I don't need life insurance. Definitely false! Just because there's no paycheque to replace, doesn't mean life insurance is unnecessary. In fact, consider how much it would cost to pay for childcare and housekeeping in the absence of a stay-at-home parent...
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Top 10 insurance companies in Ghana in 2020 Insurance is a means of protecting oneself from loss. It’s a good way of risk management, and protects an individual from abrupt loss. There are several types of insurance for example, life insurance and health insurance. There are several companies that offer insurance in Ghana, and guarantee safety for tomorrow. List of best insurance companies in Ghana It might be a bit difficult to tell which insurance company to choose. Here are the top 10 insurance companies in Ghana Enterprise insurance company Enterprise company the first insurance company in Ghana to be publicly listed and it was established in 1924. It got this position back in 2015,...
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Top 10 Insurance Corporations In Kenya By Premiums In 2015 Posted on 2016-08-22 The Kenyan insurance industry is one of the fastest growing markets on the entire African continent. The total gross premiums collected have risen from KSh 131 billions in 2013 to KSh 173 billions with the life insurance being the faster growing segment compared to the general business line. It is the biggest in East Africa, 5 times bigger than the second largest market Tanzania. Similarly, the insurance penetration is significantly higher at 2.8% with Rwanda coming in at second with 1.6%. Kenya is number 5 in Africa behind South Africa, Namibia, Mauritius and Morocco. Penetration is measured as the total...
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Who are the Top 10 Life Insurance Companies by Market Share There are many companies selling life insurance policies, but not all of them are right for you. Some have prices which are just out of your reach; some have few agents and it is difficult to get information about your policy. Of course you want many policy options and good service; however, the most important thing you might need in a life insurance company is stability. You are probably going to own your life insurance policy for a long time. This means you want a company which will be around for as long as you hold your policy, and financially solvent when you die and your beneficiaries try to cash in. It does you no good to...
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