News
Insurer Ordered To Pay Rs 35 Lakh After Seven'Year Fight Over Rejected Life'Cover Claim
3+ day, 19+ hour ago (147+ words) Tribunal orders Aditya Birla Sun Life to pay Rs 35 lakh to widow. Commission awarded claim amount with seven per cent interest and legal costs Get the latest issue of Outlook Money Why did the consumer commission order payment despite the…...
Removal Of Tax Benefits Hits Life Insurance Sales, Says Deepak Parekh
6+ day, 12+ hour ago (297+ words) Rollback of tax incentives cooled life insurance demand and new business. Customers shift to pure protection or delay savings'linked policy purchases. Insurers urged to simplify products, promote term cover, and educate customers. The rollback of tax incentives has cooled demand…...
IRDAI Data Shows Rise In Early Life Insurance Surrenders: How To Exit Without Heavy Losses
1+ mon, 2+ week ago (468+ words) If you're paying high fees for a policy with mediocre returns, getting out early will sting. But watch those fees over the long term - they can exceed your upfront surrender charges. Traditional life insurance plans commonly offer policyholders returns of…...
Insurance Access Under Scrutiny: NHRC Seeks Answers On Life Cover Denial To Disabled Applicants
1+ mon, 2+ week ago (641+ words) Updated on: 24 March 2026 1: 1 pm CBDT releases 99-page FAQs for transition to Income Tax Act, 2025 Law simplified: sections cut from 819 to 536, forms from 399 to 190 Introduces single "Tax Year, replaces old AY/PY system Ensures continuity: PAN, TAN, filings, pending cases remain…...
Hazardous Jobs And Health Risks: A Guide To Securing Sustainable Life Cover
1+ mon, 3+ week ago (182+ words) Updated on: 20 March 2026 10: 10 am West Asia tensions expose limits of travel insurance coverage Flight delays, rerouting may not qualify for claims Travellers urged to read exclusions, plan backups beyond insurance High-risk applicants are getting better access to life insurance than…...
Irdai May Consider Ending High First-Year Commissions For Life Insurance Agents
2+ mon, 1+ week ago (592+ words) Regulator exploring shift away from large first-year agent commissions Proposal may spread payouts across policy tenure like trail commissions Aim is to improve policy servicing, retention and persistency Lower upfront commissions could reduce distribution costs over time India's insurance regulator…...
Life Insurers Increase Commission Payout In FY25
3+ mon, 5+ day ago (318+ words) Updated on: 7 February 2026 6: 28 pm Life insurers commission expense ratio rose to 6. 86 per cent in FY25 Private insurers commission ratio jumped to 8. 94 per cent, LIC eased to 5. 18 per cent Rising distribution costs may affect pricing, profitability, and future insurer growth strategy Private…...
Budget 2026: Term Insurance Outside 80 C And Annuity Tax Relief Top Insurers" Wish List
3+ mon, 3+ week ago (295+ words) Updated on: 22 January 2026 6: 9 pm Insurers seek higher, simpler tax incentives for protection. Term insurance deduction proposed outside Section 80 C. Annuity tax relief urged to strengthen retirement security. As the Union Budget 2026-27 approaches, experts from the insurance industry are hoping mainly for…...
Why Term Life Insurance in Your 20s Is a Smart Financial Move
3+ mon, 3+ week ago (320+ words) In your 20s, a term life plan costs less than your weekend entertainment but delivers protection that lasts decades. While movies and OTT subscriptions fade, early insurance locks in low premiums and lifelong peace of mind. For many youngsters, weekend entertainment…...
Insurers Cool Off On Discounts As Capital Rules Bite
3+ mon, 3+ week ago (410+ words) Summary of this article New capital rules curb discount-heavy guaranteed life insurance products Insurers shift focus to protection and retirement solutions with steadier margins Bank distribution adjusts as commissions and product mixes get reworked Life insurers in India are quietly…...