“The discussion is almost at a final stage. We will go to our board, and the board will take a call very soon. I think within 2-3 months, some decision will be taken by the board,” managing director and chief executive officer Siddhartha Mohanty said in the insurer’s earnings call for the fourth quarter of…
Most policyholders—and even some professionals—overlook this critical fine print, assuming it’s a minor cost difference. But that assumption can cost you lakhs. Mint breaks down how this clause works, why it’s so dangerous, and how you can avoid financial shock. Also read: In charts | The health insurance puzzle: 83% Indians aware but only 19%…
Lack of awareness is still the biggest stumbling block in insurance adoption in India, and around 47.6 per cent of Indians remain unaware of term insurance and its benefits, a new report has shown. Term insurance has grown by 18 per cent in FY24 across the industry as compared to a CAGR of just 2…
The modern insurance industry dates back to a time when merchants gathered in coffee houses (such as Lloyd’s) to collectively insure their vessels against sea-faring risks. Since then, it has expanded into other forms—health, property and life insurance—while remaining true to the fundamental economic principle of risk pooling. Also Read: Getting insured is one thing,…
HDFC Life remains dedicated to its policyholders, maintaining a consistently high claim settlement ratio. Life insurance represents a lasting commitment, providing financial security for loved ones should the policyholder no longer be present. An essential gauge of a life insurer’s dependability lies in its capacity to swiftly and effectively settle legitimate claims. When selecting a…
