Insurance and Technology
Recently Insurology has published a news about the prediction of 12-15% growth trend of Life Insurance in India. And after the IRDAI annual report has been published, it confirms about our prediction with a...
In a first for general insurance companies, ICICI Lombard General Insurance on December 19, 2018 launched an artificial intelligence (AI)-based solution to enable instant renewals of expired or lapsed motor insurance policies. The solution,...
What is Insurtech? According to Investopedia, “Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model.” The belief driving Insurtech companies is that...
Just as technology has impacted finance, now it is set to have similar impact on insurance industry too. New, technology savvy players are entering the insurance sector, bringing the full force of their innovative, disruptive,...
Unclaimed money is money from lost bank accounts, shares, investments and life insurance policies. Are you aware that Unclaimed investments of around Rs 40,000 Crores are lying with financial institutions like Banks Some people, maintain...
Most of us want to invest in a traditional life insurance policy for a long tenure to create a guaranteed corpus. However, we face a problem when we need funds before the tenure is...
Prime Minister Shri Narendra Modi, in his Independence Day speech of 2018, announced the launch of the Ayushman Bharat-National Health Protection Scheme (AB-NHPS). He said that the national health insurance scheme will be rolled...
Last month, the Insurance Regulatory and Development Authority of India (Irdai) came out with a draft proposal recommending changes to life insurance products. One of the changes it proposed was simplifying variable insurance products...
In order to make the health insurance cover more customer-centric, a panel constituted by the Insurance Regulatory and Development Authority of India (IRDAI) has proposed several important changes to the existing health insurance exclusion...
The working group has recommended that waiting period for conditions such as hypertension, diabetes, cardiac should not be for more than 30 days. A bulk of the complaints received by the insurance ombudsman in...
Remember the days when you got your first job? There was a struggle to be in a new city, find the perfect flat to rent, and settle in. You might think about buying your...
