The Insurance Regulatory and Development Authority of India (IRDAI) has proposed stricter limits on insurance companies' expenses and distribution commissions. In a consultation paper, the regulator suggested capping life insurers' expense of…
A Unit-linked Insurance Plan (ULIP) combines life cover with market-linked investments, but carries genuine risks including market exposure, high early-year charges, and a mandatory five-year lock-in on withdrawals. Unlike a fixed deposit,…
A term insurance calculator estimates the cover amount a family needs and the likely annual premium based on age, income, gender, smoking status, and desired sum assured. The tool applies income-replacement logic,…
The insurance industry in India must transition from a high-commission push model to a pull model where consumers actively seek products, argues a Hindustan Times analysis. Despite decades of high-cost distribution, insurance…
Livemint reports that true financial freedom requires more than wealth creation; it needs a holistic plan including life insurance, emergency savings, and disciplined SIP investing. Niraj Shah, ED and CFO of HDFC…
The insurance regulator Irdai is considering an effort-based commission framework that would rank distributors by the selling and servicing effort they put in. Individual agents would top the hierarchy, while OEM channels…
ICICI Prudential Life Insurance has launched ICICI Pru iProtect Smart Her, a term plan tailored for women. It offers a 15% lifetime premium discount, a pregnancy break benefit that allows eligible women…
Times Now reports that HDFC Life has released a new episode of its Life Sessions series, featuring Vineet Arora from HDFC Bank and Lavneesh Gupta from HDFC Life. They discuss whether life…
