Insurance

New Insurance Policies To Be Issued Only In Electronic Format, Policy On Surrender Value Tweaked From Today, 1 April 2024 | Personal Finance News

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[ad_1] New Delhi: From April 1, policyholders will get their insurance policy only in digital form, as per Insurance Regulatory and Development Authority of India’s (IRDAI’s) notification.  In its notification ‘Protection of Policyholders’ Interests regulations’ dated March 20, IRDAI made it mandatory for insurers to offer policies in demat format. Meanwhile, IRDAI has said … Read more

IRDAI Approves Setting Up Insurance E-Marketplace Bima Sugam, Goes For Big Regulatory Revamp | Personal Finance News

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[ad_1] New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has given its approval for the setting up of insurance e-marketplace Bima Sugam for buying, selling, and servicing insurance policies as well as settling claims. “This marketplace will serve as a one-stop solution for all insurance stakeholders, including customers, insurers, intermediaries, and … Read more

Selecting the Ideal Family Health Insurance: 5 Key Features to Consider | Personal Finance News

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[ad_1] New Delhi: Despite our efforts to maintain good health, unforeseen accidents and sudden health crises are unavoidable. It’s essential to be prepared for such situations by opting for the right health insurance that covers potential needs. In times of medical emergencies, having a health insurance plan is critical to prevent undue financial stress on … Read more