Here’s how policyholders and their nominees can check and claim these funds, and steps to prevent future accumulation.

The Bima Bharosa portal acts as a central hub for insurance grievance data across the industry. It not only serves as a comprehensive database, but also as a monitoring tool for grievance resolution.

Unclaimed amounts with life insurers reached nearly Rs 22,237 crore at the start of FY24. Efforts from June to November 2023 ...

Implementation of new surrender value norms, higher acquisition costs, and pricing pressure in group term insurance are ...

Insurers are advocating for a reduction in GST on insurance premiums from the current 18% while retaining the benefits of ...

Non-life insurers reported a marginal decline in premiums in December due to a revision in premium accounting norms by the ...

Health insurance claims are often denied due to exclusions in policy terms. Buyers frequently overlook the fine print or ...

What do industries look forward to from Finance Minister Nirmala Sitharaman ahead of the upcoming Union Budget 2025?

FIU-IND and IRDAI Sign MoU for Enhanced AML/CFT Cooperation - The Financial Intelligence Unit-India (FIU-IND) and the ...

In India, people can purchase health insurance from multiple companies to ensure comprehensive coverage. Policyholders need ...

The life insurance sector in India is at an inflexion point and is poised to grow due to a variety of good reasons Financial services company Centrum Broking ...

The regulatory crackdown follows a sharp rise in commission expenses after the removal of product-specific commission caps in ...