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LIC Q4 profit surges nearly 6-fold to Rs 13,428 crore; dividend declared

LIC Q4 profit surges nearly 6-fold to Rs 13,428 crore; dividend declared

LIC earned net commission of Rs 8,428.5 crore for the last quarter of FY23, growing 5.4 percent over the year-ago period, and showing a massive 33.4 percent increase compared to previous quarter.

25/05/2023, Source : Money Control

4 reasons why you should review your insurance portfolio periodically

4 reasons why you should review your insurance portfolio periodically

Insurance plans are beneficial to anyone looking to protect their family, assets/property and themselves from financial risk and losses. Rising inflation, increasing medical costs, increase in lifestyle diseases, uncertainty in climatic conditions are good enough reasons for people to protect themselves with a strong financial cushion.

24/05/2023, Source : CNBC

Important features of LIC's Jeevan Azad life insurance plan

Important features of LIC's Jeevan Azad life insurance plan

LIC's Jeevan Azad is a non-linked, non-participating, individual, savings life insurance plan. This is a Limited Premium Endowment plan under which the Premium Payment Term (PPT) is equal to Policy Term minus 8 years.

24/05/2023, Source : The Economic Times

Health Insurance Policy: Everything You Should Know

Health Insurance Policy: Everything You Should Know

Know about Health Insurance Policy, its types, benefits and factors to consider while buying the Best Health Insurance Policy

22/05/2023, Source : Other

Rs 2,000 notes withdrawn from circulation, RBI says will remain legal tender

Rs 2,000 notes withdrawn from circulation, RBI says will remain legal tender

The Reserve Bank of India (RBI) on Friday decided to withdraw Rs 2,000 denomination banknotes from circulation. The central bank said that all Rs 2,000 currency notes must be exchanged before September 30, 2023.

19/05/2023, Source : India Today

Critical illness insurance: 5 common myths and facts you must know

Critical illness insurance: 5 common myths and facts you must know

The Indian health insurance industry has seen massive transformation in the last few years. Post the COVID-19 crises, policyholders have turned their attention to the importance of having an appropriate health insurance policy.

18/05/2023, Source : Live Mint

How health insurance plans have changed since Covid 19: OPD, mental health, surrogacy, pay as you go and more

How health insurance plans have changed since Covid 19: OPD, mental health, surrogacy, pay as you go and more

The Covid-19 pandemic was a wake-up call for both health insurance companies and policyholders. While it exposed the vulnerabilities in the healthcare system, it also offered the regulator an opportunity to eliminate many lacunas and add new features that can offer enhanced and adequate protection to health insurance policy buyers.

17/05/2023, Source : The Economic Times

Health insurance: Ways to avoid claim rejection and handle disputes

Health insurance: Ways to avoid claim rejection and handle disputes

Health insurance has become a high priority financial risk mitigation measure for individuals as well as families. Hospitalizations of family members during Covid-19 showed how grossly unprepared many were financially to meet hospitalization expenses.

16/05/2023, Source : Live Mint

Mother’s Day 2023: Why is insurance the best financial gift for her?

Mother’s Day 2023: Why is insurance the best financial gift for her?

How do you plan to wish your mother this Mother’s Day? Mother’s Day would be observed on May 14 this year. Apart from the gifts and flower bouquets that you might consider gifting, why not buy her insurance to secure her health and future in the long run? It’s not surprising to consider gifting insurance to your mother.

13/05/2023, Source : Live Mint