A nominee provides valid discharge to the insurer to receive the policy money, if policy becomes a claim, owing to policyholder's death during the term of the policy.

By packaging rates and stabilising costs, insurers expect to cut expenses.

Cholamandalam MS General Insurance, a joint venture between the $3-billion Murugappa Group and the Japan-based Mitsui Sumitomo Insurance today launched an 'e-Policy' for its intermediaries, 'bancassurance' partners and customers.

If an insured dies, the nominee will get the money but kin or creditors can stake a claim. Ways to prevent this...

American International Group Inc filed an application with the Hong Kong Stock Exchange to list its Asian life insurance unit, AIA Group Ltd, a source familiar with the matter told Reuters on Thursday.

I met with an accident a year ago. My car, which was valued at Rs 2.12 lakh, was repaired for Rs 3.5 lakh, qualifying as a total loss.

India's insurance industry is set for a makeover as it seeks to survive and grow in a changed environment that dawned on September 1. With a three-month spat over who will regulate unit-linked insurance plans (Ulips) settled, the Insurance Regulatory

Move may lead to a fall in the number of empanelled brokerages.

Non-banking financial company (NBFC) Magma Fincorp's plans to foray into non-life insurance space may take longer than expected.

Life insurers may have to postpone their public listing plans and take longer to break even than originally anticipated, as a result of the new unit-linked insurance policy norms which take effect from Wednesday.

Following the hassle caused after four public sector non-life insurance companies withdrew cashless facility from certain hospitals, the Insurance Regulatory & Development Authority (Irda) has asked all life and non-life insurance companies to inform