LIC has launched two new insurance plans – Protection Plus (ULIP) and Bima Kavach (pure term cover). This in-depth article compares their features, benefits, pros, cons, and suitability to help you choose the right plan based on your financial goals, risk appetite, and protection needs.
What are LIC Protection Plus & LIC Bima Kavach? Read More »
Bima Central had flagged that the nominee’s relationship was not properly specified. Although the user had designated their mother as the sole beneficiary, the relationship was recorded only as “Parent”—a general term that may not meet the system’s requirements or those of insurers during claim processing.
Digital Oversight Uncovers Insurance Nominee Error Read More »
The 2024 Union Budget’s emphasis on digitization marks a new era of digital transformation and opportunity for the Indian life insurance sector. From enhanced customer experiences to greater innovation and efficiency, the benefits of digitization are manifold for both insurers and policyholders. As the industry embraces technology-driven solutions, policyholders can look forward to a future where insurance is not just a safety net but a seamless and empowering tool for financial security and peace of mind.
Union Budget’s Digital Transformation in Life Insurance: Impact on Policyholders Read More »
Canara HSBC Oriental Bank of Commerce Life Insurance has launched Invest 4G plan, a new Unit Linked insurance plan (ULIP. It is an individual life insurance savings plan which can be customized as per the goals and changing requirements of the individual.
Canara HSBC OBC Life Insurance launches Invest 4G Plan Read More »
The future of the Insurance industry will be heavily dependent on Artificial Intelligence in the years to come. AI will play an important role right from business planning to product designing to customer acquisition to customer onboarding to servicing to claims & risk management.
Artificial Intelligence in Life Insurance Industry Read More »
Life Insurance policy for Millennials may not seem like a top priority. It would be a very crucial part of one’s financial goals at some point. Life Insurance would not only offer protection, but it will also make the best use of one’s money along with financial stability for their loved ones.
Why Millennials Should have Life Insurance? Read More »
Planning for family’s financial security with consideration for inflation is crucial. Explore innovative savings products from insurance companies that offer dual protection net and increasing income to secure your family’s future.
Is there an insurance plan to preserve family savings amidst inflation Read More »
Low life insurance customer satisfaction is a result of shifting consumer expectations and a lack of brand distinction, according to a recent Hansa Research report. This survey, utilizing the Net Promoter Score (NPS) metric to gauge customer satisfaction within the life insurance industry, indicates same ranking in this critical area from 2023 to 2024.
Top 12 Life Insurance Customer Satisfaction in 2024 Read More »
In this article, we will delve into the complexities surrounding the coverage of suicidal deaths in life insurance policies in India. We will also explore the various clauses, exclusions, and factors that come into play when assessing coverage for such cases.
Is Suicidal Death Covered in Life Insurance Policy in India? Read More »
When considering any addon benefit riders with a term insurance plan, it’s essential to carefully review the policy documents, understand the coverage details, and assess your specific needs before making a decision
Add-on Benefits You Should Buy With Max Life Term Insurance Plan Read More »
