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If you’re switching jobs, don’t forget to carry forward your health insurance. Most salaried employees in India are covered under a group health policy offered by their employer. While this cover may seem like a safety net, it lapses the moment you leave your job—unless you takeaction. Many employees don’t realise they can convert their…
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India’s insurance sector has increasingly become a soft poaching ground for e-commerce, quick commerce, and logistics firms, which are hiring aggressively ahead of the festive season in anticipation of a sales surge following last week’s goods and services (GST) rate cuts. The insurance industry experiences very high attrition rates at junior levels, as its young…
SBM Bank India has tied up with ICICI Prudential Life Insurance Company to offer an array of life insurance products to the bank’s customers. In a statement, SBM Bank India said on Monday this bancassurance partnership will enable the bank to cater to its customers a diverse set of solutions ranging from term insurance, long-term…
Patient’s cashless claim of ₹61 lakh denied for policy worth ₹2.40 crore? That’s what insurance advisor Avigyan Mitra has alleged against Niva Bupa Health Insurance, in a post on professional networking site LinkedIn. The company on its part has denied the allegations as “baseless”, and stated that they have paid ₹22.72 lakh to the policyholder,…
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Vande Bharat sleeper train prototype Indian Railways is looking to roll out the first Vande Bharat sleeper train in the coming weeks. The prototype train set, built on the Vande Bharat platform, for long distance travel aims to offer faster and more comfortable passenger experience compared to the Rajdhani Express trains.Union railways minister Ashwini Vaishnaw…
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With health insurance premiums seeing a sharp increase due to the rising cost of medical inflation, you should consider purchasing riders, which are offered as an ‘add-on option’ in your policy. Health insurance riders can provide you with decent coverage at lower costs. A health insurance rider, which is the extra benefit or coverage that…
The Insurance (Amendment) Bill, 2024, if passed, will allow state-owned insurers to obtain composite licences to sell both life and non-life products, avoiding amendments to the Life Insurance Corporation Act of 1956 and the General Insurance Business (Nationalisation) Act, 1972. The public sector life and general insurers are currently governed by separate parliamentary acts. “This…
