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The Real Story Behind Buying Insurance from an Agent

Buying an insurance is as simple as 1, 2, and 3 in this fast-evolving world. However, it is the research and methodology you put in before the buying process is what matters the most. Insurance...
People Are Afraid To Buy Insurance

Why People Are Afraid To Buy Insurance In India?

Most foreign nations hold health insurance as mandatory for its citizens. Why? Because, they realize the importance of health care and proper medical treatment. But, in India, people are still unsure and sometimes afraid to...

HDFC Life and Max Life Calls Off the planned Merger

Max Life Insurance Co Ltd and HDFC Standard Life Insurance Co Ltd have not succeeded to get the regulatory approval for a merger and thus, have called it off. Had the merger happened, it...

Gross Direct Premium of General Insurance Companies Grows by 35% in June

The Insurance Regulatory and Development Authority of India (IRDAI) has released data which shows that the gross direct premium of General Insurance companies in the country has increased by 35%. The increase can be...

Government’s Crop Insurance Companies Helped Insurance Companies, Not Farmers

The Comptroller and Auditor General (CAG) has announced in its report that the insurance schemes pushed by the government have not achieved much, and have only helped the insurance companies. The same has also...

Max and HDFC Life Merger: A New Plan Under Process

Since last year, Max India Life Insurance has been working hard on its planned merger with HDFC Life for its insurance business. HDFC Life is India’s top mortgage-financier company and it recently announced to...

SBI Life Looking at Raising $1million after filing for IPO

Like several other insurance companies, SBI Life too on Monday issued its red herring prospectus for its IPO. No primary capital is being raised by SBI. As a part of the offer for sale,...

No More Insurance Mis-Selling

It is a common practice in India that agents miss-sell a policy. It is also seen that insurance companies reject genuine claims. There are many such malpractices in the industry which leaves the insured...

Incredibly High Claim Ratio of 170% for Government Backed Insurance Policies

The 2015 Budget Speech by Finance Minister Arun Jaitley mentioned about a couple of government backed life insurance schemes. Currently, about 20% of the entire population of the country has any life insurance and...

Crop Insurance Can Be Provided by State Set Up Insurance Firms: Govt

Many concerns have been raised that private insurers are making huge profits from the Pradhan Mantri Fasal Bhima Yojan (PMFBY), the crop insurance scheme. Radha Mohan Singh, the agricultural minister, said in the Rajya...