While the deal was signed earlier this year, it got concluded recently after receiving the approval of the regulator — Insurance Regulatory and Development Authority of India. The Indian Express Group announced Thursday its entry into insurance web aggregation space by acquiring 100 per cent stake in MyInsuranceClub. While the deal was signed earlier this year, it got concluded recently after receiving the approval of the regulator — Insurance Regulatory and Development Authority of India (IRDAI). As an insurance web aggregator, selling both life and non-life insurance products, MyInsuranceClub (MIC) is expected to benefit from the reach of The Indian Express Group, which is one of the...
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The regulations (24 page / 332KB PDF) cover any business carried out by licensed firms through online, electronic and smart systems, including the sale and marketing of insurance policies, the collection of premiums and claims handling. Financial services expert Tom Bicknell of Pinsent Masons, the law firm behind Out-Law, said the regulations come at a critical time given that the solicitation of insurance in person has been at an all-time low during the Covid-19 crisis. “However, disrupting insurtech products have been changing the way insurance firms conduct business for some time – with better data analytics improving product offerings, the use of artificial intelligence...
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LOS ANGELES, CA / ACCESSWIRE / June 7, 2020 / has launched a new guide that explains how to use online car insurance quotes and save money. For more info and free car insurance quotes, visit https://compare-autoinsurance.org/. Auto insurance can be very expensive, but there are several ways to lower the premiums. One of the most useful ways is to shop around before buying, renewing, or switching coverage. Comparing prices will help drivers find affordable coverage. Keep in mind that companies periodically change prices, so, even if the current insurer was the cheapest when the policy was purchased, this is not necessarily the same now. No matter who your insurer is, these tips will help...
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Features and benefits of Term Insurance plans The best Term Insurance plans provide financial security to the beneficiary in case of the death of the policyholder. Additionally, there are some key benefits that you need to be aware of. Tax Benefits – Under section 80C and 10D of the Income Tax Act 1961, term life insurance plans offer dual tax benefits to the policyholder. The annual premium paid, up to Rs 1.5 lakh a year, is eligible for tax deduction under Sec 80C. Moreover, under Sec 10D, the death benefit received is also non-taxable. Flexibility – The policy term can range from 5 years to whole life (until death). The premium can be paid monthly, quarterly, bi-annually, annually or...
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The Facts about Indiana Life Insurance Options You want to provide your family with financial protection in case you pass away unexpectedly. At the same time, you don't want to spend a small fortune on life insurance. Fortunately, if you live in Fishers, Carmel or Indianapolis in Indiana, you can protect your family without overspending on life insurance premiums. In these Indiana communities, it is possible for residents to compare insurance quotes by working with an independent insurance agency. It used to be difficult for consumers to adequately research their life insurance options and compare insurance quotes. Today, though, it's a simple process. You can call or visit an independent...
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This article was written in collaboration with DIYInsurance. All opinions expressed in this article are the independent views of DollarsAndSense.sg In the internet age we live in today, a lot of valuable information can easily be found online. Whether it’s searching for the best value-for-money meal in town, the cheapest air fare or simply discounts on our groceries, many of us are savvy enough to compare prices to get the most bang for our buck. Logically, we should be applying the same approach to our insurance matters as well. Very often however, people tend to bypass the basic step of finding out more and comparing between insurance plans they are seeking to buy. This, to a large...
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Life Insurance Plans Life Insurance, in straightforward terms, is an agreement which is marked between an individual and an insurance supplier, wherein the insurance supplier certifications to pay a specific total of cash (whole guaranteed) if there should be an occurrence of the protected person's death. So as to profit of this security, the protected pays a specific sum as premium towards keeping up the policy. It is only a wellbeing net which gives monetary security/insurance against death toll. The main role of a life insurance policy is to secure the money related premiums of the protected's family. While one may believe this is an ongoing idea, thinks about have demonstrated that it...
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Things to consider when you buy Life insurance Lower Premium:You can avail of the offer of lower premium if you are young. The younger you are, the lower the premium is. So, those who enrol early will get the maximum benefit. Go online: This is an effortless way to manage your insurance policy account. The interaction is directly with the service provider, and so you do not pay any extra, unnecessary charges. Policies are more accessible you get many time-saving features See into the future: What seems huge now will not be so after 20 years. So, you must take inflation into the calculation and then plan your future. Calculate your needs exactly: When you calculate the coverage you need,...
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Comparing life insurance policies provides comfort in knowing you’ve picked a suitable policy for you and your family or loved ones. Here are some of the key things you might look to consider when comparing insurers. You can find most of these things in the insurer’s product disclosure statement or, if you would prefer, you can always ask your Lifebroker insurance consultant. Figure out what type of insurance policy you need A ‘life insurance policy’ is what you or your family can be covered by should you become seriously ill, injured or pass away. Comparing a range of insurance products – such as life, trauma, total...
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