Insurance

The Income Tax department has prescribed a mechanism for calculating income proceeds from life insurance policies where aggregate annual premium exceeds Rs 5 lakh.

IRDAI Chairman Debasish Panda on Thursday said the regulator is working on three-pronged approach -- availability, accessibility and affordability -- to ensure 'Insurance for All by 2047'.

The Mental Healthcare Act 2017 is to "protect, promote, and fulfill the rights" of people during the delivery of mental healthcare and services.

Here's everything you need to know about the income tax implication of leave encashment.

The CIC's order came in connection with an appellant filing an appeal under the Right to Information Act, 2005 before the Central Public Information Officer (CPIO), Life Information Corporation of India (LIC), Chhattisgarh.

The insurance providers are bracing for a massive rise in claims for damaged cars and property as floodwaters start receding in Bengaluru, with initial estimates showing losses running into millions of rupees.

The Insurance Ombudsman scheme was created by the central government for individual policyholders to settle cases outside of courts in an effective, efficient and impartial way.

India to become sixth largest insurance market in the world in the next 10 years supported by regulatory push and rapid economic expansion, a report said.

The change of month is set to bring a host of updates on various policies and rules that affect the life of a common citizen.

Insurance behemoth LIC witnessed a decline of nearly 20 per cent in death claims in the first quarter of this fiscal with the COVID impact seen to be ebbing, though the amount is still higher than pre-2020 levels, officials said.

Insurance behemoth Life Insurance Corporation (LIC) is keen to re-enter the mediclaim segment as and when the regulator provides clarity on the issue, its chairman has said.

The premium for car insurance will be decided as per the driving needs and those who use vehicles less frequently can benefit.

As per the Motor Vehicle Act 1988, third-party car insurance is mandatory.

Insurance regulator (IRDAI) on Friday allowed insurers to launch new life insurance products without its prior approval.

The Ministry of Road Transport and Highways has increased the third-party motor insurance premium for various categories of vehicles

The Life Insurance Corporation's initial public offering is set to be one of the biggest in India's history.

LIC's IPO will go ahead as planned, despite heightened uncertainty and higher volatility expected in financial markets as the war drags on.

The new policy, ICICI Pru iProtect return of premium, also offers an option to take cover against 64 critical illnesses, the life insurer said in a statement.

EPFO insurance scheme: The insurance cover will be given to the family of the beneficiary of the EDLI scheme in case of death while in employment

Aviva Nivesh Bima provides guaranteed moneyback at every fifth policy year and a lump sum payout at the maturity.