Personal Finance

With some insurance consultants and brokers advising their clients to lodge a claim under their Business Interruption or Loss of Profit policies with non-life insurers and also go to the court, the General Insurance Council of India has issued a public advisory against such malpractices and...
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  • The Union government has allowed motor and health insurance policyholders to defer payment of their renewal premium falling due during the period of the lockdown that has now been extended till 3rd May.   The finance ministry in a revised notification has now allowed third party motor...
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  • Life Insurance Council, the face of the Indian life insurance industry, on Monday said that all life insurers, public and private, are committed to process any death claim pertaining to coronavirus (COVID-19) at the earliest. The Council also confirmed that the clause of ‘force majeure’ will...
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  • In a major relief for life insurance policy holders amid the cornavirus crisis, the Insurance Regulatory and Development Authority of India (IRDAI) has extended the deadline for paying premium of life insurance policies, by another 30 days, which were originally scheduled to be paid in March...
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  • The Government has allowed motor and health insurance policy holders to defer payment of their renewal premium falling due during the period of the lock-down.   The finance ministry in a notification has allowed third party motor insurance premium dues falling during the period of...
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