What is critical illness rider in life insurance plan? Key advantages explained

Despite taking both life and health insurance policies, policyholders are suggested to opt for a critical illness rider. This is because it helps policyholders manage their finances well in case of an eventuality. Those who are not aware, a critical illness rider is attached to the life insurance policy and provides financial protection against life-threatening critical illnesses. This…

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Edme Insurance Brokers acquires UIB Insurance to strengthen reinsurance business

Edme Insurance Brokers Ltd (formerly Aditya Birla Insurance Brokers Ltd) has acquired the Indian operations of London-based UIB Group in a strategic initiative to strengthen its value proposition. UIB Group is a privately owned international insurance and reinsurance broker. Its Indian operation, UIB Insurance Brokers (India) Pvt. Ltd, extends the group’s operations to India. Edme’s…

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GST rate cut on insurance: Should you wait till September 22 to buy new policy? Experts weigh in

The Centre has removed GST on all individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance; and on family floater policies and policies for senior citizens and reinsurance thereof, from September 22, 2025, onwards. The move, announced by Finance Minister Nirmala Sitharaman, is aimed at reducing entry barrier price for…

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