The deal will help HDFC Life, the country's largest private-sector insurer, strengthen its foothold in south India.
The government raised insurance cover on deposit five-folds to Rs 5 lakh to provide support to depositors of ailing lenders like Punjab and Maharashtra Co-operative Bank.
Motor vehicles insurance claim has been classified into two categories: cashless claim and reimbursement claim.
When a devastating second wave of the pandemic peaked in India during April and May, the numbers of people aged between 25 and 35 buying term insurance was 30% higher than in the previous three months combined.
Farmers can inform Krishi Bhavan authorities and apply online for compensation for damage to crops
For an expenditure to be considered for reducing tax liability, it must have been incurred by the end of the financial year for which the tax calculation is being done.
In June 2019, the regulator had set up a committee to review the MISP guidelines. The panel has submitted report in which it has made various recommendations for orderly conduct of motor insurance business through MISP channel.
There will be four schemes. These are the health insurance, accident insurance, life insurance, and ‘Gau’ Suraksha Policy (livestock protection scheme).
With the lead reinsurer of the plane approving the claim for total loss of the Dubai-Kozhikode flight, Air India Express will get the entire claim of $50 million.
The decision, to be effective from August 1, is likely to cause a drop in the on-road price of vehicles.