Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), first mentioned in the 2015 Budget Speech of then-Finance Minister Arun Jaitley, was launched by our Hon’ble Prime Minister Narendra Modi on May 9, 2015. It is a life insurance scheme that aims… Continue Reading
Cancer is considered to be the deadliest disease in the entire world. As per World Health Organization (WHO), nearly 10 million people died of cancer. WHO also stated that around one-third of cancer deaths are due to tobacco consumption, high… Continue Reading
No claim bonus (NCB) in health insurance is a reward given by insurers for not raising a claim. It is a type of incentive that the insurance provider offer for staying healthy. The health insurance provider will offer you a… Continue Reading
The insurance ombudsman aims to resolve insurance-related grievances of unhappy and aggrieved policyholders. It resolves grievances outside of the courts in a cost-effective and efficient way. Customers of life, health, and general insurance can approach the insurance ombudsman as per… Continue Reading
Indian Cricketer Shreyas Iyer missed the 14th edition of the Indian Premium League (IPL) 2021 tournament due to an injury to his left shoulder while playing one of the one-day internationals. Shreyas Iyer was trying to save the boundary and… Continue Reading
After IRDAI approved Bima Sugam (An amazon-like platform), an e-insurance account is likely to become mandatory for all policyholders. What is an E-Insurance Account? An e-insurance account (eIA) will be an electronic account (on Bima Sugam) where a policyholder can… Continue Reading
The freight in transit is highly exposed to the risk of loss or damage due to uncertain events. Here, marine cargo insurance comes into the picture. Marine cargo insurance is a type of property insurance that covers the risk of… Continue Reading
Pradhan Mantri Suraksha Bima Yojana (PMSBY) is an accident insurance scheme announced by the government of India in the 2015 Budget. It is a social security scheme that provides one-year protection against accidental death and permanent disability. Details of PMSBY… Continue Reading
An auto rickshaw insurance is a type of commercial vehicle insurance that provides financial protection to auto rickshaw owners against damage/loss incurred due to accidents and natural calamities. Types of Auto-Rickshaw Insurance Policies There are two types of commercial insurance… Continue Reading
It has come to the notice that, the Insurance Regulatory and Development Authority of India (IRDAI) has provided approval for Bima Sugam. The regulator has asked insurance companies to become part of Bima Sugam by January 2023. This can be… Continue Reading