Category Archives: Life Insurance

The Coronavirus pandemic, along with a threat to life, has brought to the fore the core of life insurance – a need to secure the financial well-being of loved ones in case a tragedy hits.   The shift towards protection products is widely visible both in terms of demand and supply.   As of May […]

The pandemic has made more people aware about the necessity of having a pure protection term life insurance cover. However, buying it now is not as easy as it was prior to the Coronavirus pandemic. With many people facing rejections of their term life insurance proposals, it’s important to understand the reasons why insurers may […]

  Parents are the ones who selflessly give all to their children and continue to do so throughout their lives. As they grow older, children need to ensure that parents retire happily and have the financial means to pursue their post-retirement goals. A good gift for parents enhances their financial security in the twilight years. […]

Life insurance behemoth LIC, which is gearing up for an initial public offering (IPO) later this year, witnessed a tepid growth in individual annualized premium equivalent (APE) in the first quarter of the current fiscal ending June 30. It was mainly due to pressure on the individual agency business during the pandemic. APE is the […]

Retirement planning is crucial to ensure that you don’t outlive your savings especially when life expectancy is on the rise. Retirement planning essentially involves planning your finances in such a way that you can achieve your pre-retirement and post-retirement financial goals without any stress. And then in your second innings you can even pursue hobbies […]

  In India, we lost almost 4 lakh lives due to COVID-19. While the loss to each of the bereaved families is incalculable, the impact of such death claims pay-out to insurance companies is less than 1 percent because the other 99 percent, who are still living, have paid their premiums. Life insurance penetration in […]

  The Coronavirus pandemic, along with a threat to life, has brought to the fore the core of life insurance – a need to secure the financial well-being of loved ones in case a tragedy hits.   The shift towards protection products is widely visible both in terms of demand and supply.   As of […]

Purchasing a life insurance policy, particularly pure protection plans like term life insurance, will now be a longer process as life insurers are tightening underwriting provisions. Seeing a big surge in claims due to the second wave of Coronavirus, life insurance companies have made it mandatory for potential policy buyers to answer COVID questionnaires and […]

Planning to buy or renew your life insurance policy? The most important thing in an insurance policy is the assurance of a good value proposition and smooth claim settlement experience in terms of servicing and settlement. Traditionally, the claim settlement ratio has been the most important parameter to select a life insurance provider. The claim settlement […]

Keeping in view rising claims ratio and higher re-insurance cost, life insurers are planning an increase in premium in term life insurance being offered beginning April 1, 2021. As per industry estimates, life insurers are likely to hike the premium rate for providing term life insurance by 10 to 15 percent. “Term insurance products may […]