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Latest Articles in life insurance

Is The Recently Launched PMVVY A Go Or A No-Go?

In a financial world replete with fine prints and disclaimers, PMVVY surely scores in terms of simplicity: the retired (60-plus) annuitant commits a lump sum of money at the beginning of the plan, and starts receiving an “end of period” annual, bi-annual, quarterly or monthly income for the next 10 years.

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The Importance Of Goal Protection

Life Insurance, really, is a selfless act towards ones dependants. From a goal planning standpoint, purchasing a dedicated term plan to protect that goal is akin to "ensuring that your goal is met, even if you're not around"

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What Your Life Insurance Advisor May Not Be Telling You

Here's the good news - IRDA stipulates that you can change your mind within 15 days of the policy issuance, and you'll get your money back, no questions asked!

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My Life Insurance Company Says It'll Triple My Investment In 20 Years: Isn't That Fantastic?

Insurance related SMS marketing campaign could be misleading. Lately, there's an SMS doing the rounds about a policy that will purportedly "triple your investment in 20 years' time". Prima facie, this might seem like a fantastic opportunity. However, does it pass the 'dig a little deeper' test? Let's find out

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Why Life Insurance Commission Structures Need To Be Rationalized

Over the past decade, two things have been firmly established. One, life insurance is sold, and not bought, in India. Second, the profession of life insurance sales is becoming more and more ‘transactional’ in nature.

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LIC's New Offering: Lacking "Umang"

The purpose of this article is to simply illustrate the salient features of the policy while evaluating its efficacy as a savings cum insurance instrument

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Six Financial Decisions You May Regret Making Later

Over the years, we've seen some poor financial decisions get repeated over and over again by retail investors across the board. Try to avoid as many of these as possible and you'll be a step ahead of the pack

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5 Ways To Accelerate Your Savings

Here are five simple tips to help you accelerate your savings and create wealth

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Kotak Mahindra Bank To Buy Out Partner Old Mutual For Rs 1292

Private sector lender Kotak Mahindra Bank announced that it is buying out British partner Old Mutual's entire 26 per cent stake in its life insurance arm for Rs 1,292.7 crore

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BW Businessworld Life Insurance Summit 2017 | 'Digital Adaptation Tremendously Reduces Insurance Servicing Costs'

E-insurance, which keeps insurance records through repositories, is expected to drive digital penetration of insurance products

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BW Businessworld Life Insurance Summit 2017 | ‘Invest And Educate The Customers’

Life Insurance Summit 2017, organised by BW Businessworld powered by Birla Sun Life Insurance and in association with ABP News kick started today at the Trident, BKC, Mumbai

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Kotak Life Insurance: A Life Securer

Kotak Life Insurance's product suite leverages the combined prowess of protection and long-term savings. Given the fact that insurance penetration in the country stands at only 4.5 per cent, covering only 12 per cent of the population, the company is seeing a phenomenal growth prospect in the future.

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Six Factors That Influence Your Life Insurance Premiums

You and your friend are nearly the exact same age, and both of you applied for the same Life Insurance policy. Your friend's proposal was accepted, whereas your Life Insurance Advisor came back to you with an increased premium requirement for the same life cover. Confused? Besides your age, here are a few factors that may have influenced this outcome

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The Persistency Problem

The Persistency of an Insurer's book is quite likely it's most critical industry business parameter. Every stakeholder in the Life Insurance ecosystem is affected by it. Clients who do not renew their policies will end up forfeiting all, or most, of the premiums already paid, resulting in a direct and tangible financial loss for them

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Life Insurance Underwriting Simplified

The underwriting team is expected to apply rationality and sound judgement in looking beyond the details furnished in the application form, in order to protect the insurer from cases of adverse selection and moral hazard

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