Bharti axa life insurance new business income rises 25% at rs 911 crore in fy 2018-19
MUMBAI/NEW DELHI: June 03, 2019: Bharti AXA Life Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, today said its new business premium posted 25 per cent growth at Rs911 crore in the financial year 2018-19 against Rs731crore in the corresponding previous fiscal period. The...
Bharti axa life insurance winsficci claims excellence award
MUMBAI: May 22, 2019: Bharti AXA Life Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, has been conferred with the ‘Claims Excellence Award’ by the Federation of Indian Chambers of Commerce and Industry (FICCI). FICCI, the largest and oldest apex business organization in India,...
HDFC Bank and Max Bupalaunch Any Time Health Machines to distribute health insurance products
National, April , 2019:Max Bupa, one of India’s leading standalone health insurance players, and HDFC Bank, one of India’s leading private sector banks, today announced the launch of ‘digital first’propositionsfor the bank’s 40+ million customers, spread across its 5,000+ branches. Max Bupa is committed to provide the best bespoke and comprehensive health insurance solutions and services to HDFC...
MobiKwik offers Instant Life Insurance for Rs 20 on its App
New Delhi, 22 February 2019: MobiKwik, India’s largest digital financial services platform, today announced the launch of digital life insurance on its app to its users. MobiKwik in association with ICICI Prudential Life Insurance Company has rolled out first-of-its-kind group micro insurance product. The offering begins with a life cover of Rs. 1 lakh available for a monthly premium...
Term plan premiums explained
Life Insurance is not about investing your money to earn a return on it, it’s about financial protection for your loved ones. And the most efficient way to do that is through a term insurance policy. This policy does not invest your money which means you pay only for insurance and after the policy term ends you don’t...
Dear millennial, do you need life insurance?
Mumbai: Smruti Valegaonkar, 25, Mumbai-based senior architect and product designer at MuseLab Design Engine, has a life insurance cover. “My parents bought it when I was a child,” said Valegaonkar, who has an endowment life insurance plan. The nominee of her insurance plan is her younger brother. “If she does not have dependence requirement, Valegaonkar can continue with the same plan,”...
Firms now decide hereditary commissions in life insurance
Life insurance is a product that’s sold and not bought. At least that’s what the insurance industry believes and therefore banks on its army of agents to convince you to buy life insurance. For this, the agent gets a cut from the premium that you pay. So, every time you cut a premium cheque, the agent makes money...
ICICI Prudential to take over Sahara Life’s insurance business
New Delhi: ICICI Prudential Life Insurance Co. Ltd has agreed to take over the life insurance business of Sahara India Life Insurance Co. Ltd, which was effectively wound up by the regulator last month. “ICICI Prudential Life has agreed to take over the policyholders’ liabilities of Sahara Life and has already commenced valuing the liabilities of the policyholders...
Future Generali India Life Insurance launches Future Generali Big Income Multiplier Plan
Future Generali India Life Insurance Company Limited (FGILI) ha
s announced the launch of yet another product in its portfolio of simple to understand and easy to buy products – Future Generali Big Income Multiplier Plan. It is a simple, non-linked, non-participating plan with guaranteed returns which increase over the payout period. In this product, one...
