Term insurance policy premiums are set to rise by 25 to 30 per cent with Munich Re, the largest reinsurer for the Indian insurance market, increasing its rates for underwriting portfolios of pure......
Recent data suggests that non-life insurers have settled more than 2.75 million Covid health claims, amounting to Rs 25,000 crore, of the 3 million claims the industry received. Subrata Panda......
Life insurers, on the prodding of global reinsurers, are set to hike premiums on term plans because rising mortality after the second wave of the pandemic has led to an increase in the number of......
Come October, life insurers may have to tighten their underwriting standards further for retail term plans at the behest of one of the largest reinsurers in the Indian insurance market, Munich Re.......
LIC is currently allowing customers to revive policies that have lapsed for more than two year, points out Sanjay Kumar Singh. Photograph: Kind courtesy Pixabay Many policyholders allow......