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Gen Re has already been committed to the country's market for the past 15 years through various channels and the focus has been primarily on the life and health sector.
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Health insurance makes up around 25% of the general insurance industry while it is less than 5% of the life insurance industry.
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LIC has settled 99.92 per cent of death claims in 2016- 17, which is undoubtedly one of the best performances not only in the country, but in the world, said the sources.
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The Insurance Regulatory and Development Authority of India (Irdai) has invited bids from actuaries and firms employing such analysts to form a 'Panel of Actuaries'.
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Claims ratio and number of claims pending % are important indicators of product performance.
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The premium payable for a term plan varies due to various reasons. Mentioned below are some of them. Essentially, the underwriters consider the factors on the basis of whether
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Whosoever has owned a car or a bike probably knows that No Claim Bonus (or NCB) is discount given to the insured on renewing the car insurance cover provided he/she ...
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