Irdai asks insurers not to demand insurance premiums from customers when submitting the proposal form, except where immediate risk cover is provided.

Mis-selling in life insurance often occurs when agents or brokers persuade customers to buy policies that do not align with their financial needs or goals

Life insurance provides critical financial support to the family members after the policyholder’s death; here are a few points to consider when deciding the policy’s duration.

You could be tempted to relinquish your ULIP policy if it performs poorly, but before you jump to a decision, evaluate its surrender value, performance, charges, and alternatives.

To ensure a successful death claim process, it is vital for the policy holder to submit all the necessary papers and provide clarifications, if any, to avoid delays and probes later. Death claim proceeds are usually tax-exempt.

In February, a parliamentary panel suggested a composite license for an insurer to undertake life, general, or health insurance under one entity to increase the country’s insurance penetration.

Life insurers allow the insured to pay premiumsin monthly, quarterly, half-yearly, yearly or in a single payment. Thepolicy remains the same only the premium payment frequency changes. So, which type of plan suits you in the long term?

Adding riders like accidental death, disability benefit, premium waiver, etc., will enhance the coverage and provide additional benefits to beneficiaries in case of a major setback to the policyholder.

One out of three in urban West India have invested in a term plan; Mumbai tops in financial protection quotient amongst metros, with 100 per cent awareness of life insurance solutions

Max Life Insurance launched a new guaranteed pension plan for retirement planning with the option for policyholders to customise the product according to their needs.