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News
Nepal floods could cost insurers over $130 mln even before death, injury claims
19+ hour, 6+ min ago (507+ words) The devastating flood in Nepal last week could result in commercial insurance losses exceeding 20 billion Nepali rupees ($132.3 million), with hydropower projects accounting for most claims, according to a top official at one of the country's leading insurers. The insurance cover,…...
Think before you don’t renew your policy!
2+ week, 5+ day ago (670+ words) She was insured for 11 years with not a single hospitalisation claim but no premium discount in appreciation of a profitable customer was forthcoming. So, my friend did not renew her hospitalisation policy. Mistake. One because she did not have a…...
Canara HSBC Life Insurance simplifies claims process for families affected by the Assam floods
1+ mon, 19+ hour ago (157+ words) To ensure faster claim processing, the Company has relaxed certain documentation requirements and is prioritizing the assessment and settlement of eligible claims, enabling affected families to receive financial assistance at the earliest possible. Claimants can submit the following documents to…...
Insurance query: How should one evaluate term insurance features without overpaying
2+ mon, 11+ hour ago (350+ words) At the age of 35, financial responsibilities often start becoming more layered, especially with commitments such as a home loan, children’s future expenses, and long-term family security. In such situations, term insurance should be viewed as a financial safety net that…...
Getting a home loan term insurance
2+ mon, 11+ hour ago (312+ words) Home loan insurance is a product that covers the liability to the bank from a home loan and is not a mandatory product but an option presented to the home loan customer. As the name indicates, this is an insurance…...
Complaints against health insurance claims totalled around 74,700 in 11 months
5+ mon, 5+ day ago (218+ words) Complaints against health insurance claims in the 11 months of the current fiscal year have surpassed numbers of full FY25 by 14.5 per cent and around 55 per cent of FY24, data presented by the Finance Ministry in Lok Sabha on Monday showed. Meanwhile, according…...
Demystifying home loan insurance for borrowers
6+ mon, 2+ week ago (644+ words) It’s no wonder that home loan borrowing in India is growing at a 14% pace, as per official data. Owning a home is one of the most sought-after dreams in India, especially for the middle class income group. But what usually…...
A useful cover with ‘hidden’ flaws
7+ mon, 1+ week ago (279+ words) Group policies are excellent — up to a point. Last weekend was full of festivities and meet-ups. One of them - a pleasant lunch for the extended family organised by an outgoing cousin - turned into a happy reunion with aunts and uncles,…...
Insurance Query: Senior citizen cover
11+ mon, 8+ hour ago (421+ words) Choose a senior citizen health insurance plan wisely for elderly parents living in another city for comprehensive care and support. Q: My parents are both above 60 and live in a different city What should I consider while choosing a senior citizen…...