IRDA (Insurance Regulatory And Development Authority) has come out with its annual report on insurance for FY 2013-14. This report has a lot of information on Life and General Insurance like the total premium collected, settlement ratio, solvency ratio, Insurance penetration in India among other things. We have published the Death Claim Settlement ratio every […]
Life Insurance Death Claim Settlement Ratio for FY 2013-14 Read More »
In the last post we had written about the Death Settlement Ratios of Life Insurance companies for FY 2012-13. In this post we check how much time it takes for different life insurance companies to settle a death claim after submission of all documents. The time to settlement too becomes an important factor as it’s
How much Time for Life Insurance Companies to Settle Death Claims? Read More »
The IRDA annual report for FY 2012-13 is out and the death claim settlement ratio has improved slightly for LIC (Life Insurance Corporation) at 97.7% while it has deteriorated slightly for all Private Insurers combined at 88.6%. Overall it’s at the same level at 96.4%. The table below compares the death claim settlement ratio: Few
Death Claim Settlement Ratio for Life Insurance for FY 2012-13 Read More »
Every budget changes lots of things in the personal finance space. Here is a list of 16 things that has changed for you. 1. Income Tax Slabs for FY 2013-14 The income tax slabs have largely remained unchanged for individuals. There are two major changes. People with income less than Rs. 5 Lakhs have to
There have been reports of new ways of misselling by posing as LIC employee/ agent or Officers calling from IRDA. We have covered one such instance here. LIC has issued an advertisement drawing attention of policy holders towards this menace of misselling. Here is the advertisement:
LIC warning against fraud calls from LIC and IRDA Read More »
