KYC MANDATORY FOR TRAVEL INSURANCE
Australian state invites tourists with surprise job offers. Are you ready?
Tasmania's Off Season offers 10 distinct experiences for those seeking a break from routine. From conducting music in caves to exploring paranormal activities at historical sites, these odd jobs promise adventure and creativity. Essential information for travelers includes visa requirements, biosecurity measures, time zone details, and communication options. Enjoy a winter adventure with these diverse experiences!
Travel Insurance: What you need to know before you plan your next international trip
Travel insurance provides coverage for travel risks, including medical support, flight cancellations, and emergency evacuation. It is not always mandatory but advisable for international travel. Policies include trip-wise insurance and group travel insurance.
Is travel insurance mandatory for Schengen Visa applications?
Understanding visa requirements is crucial when planning a trip to Europe. To visit any of the 27 countries in the Schengen Area, a Schengen visa is mandatory, requiring financial stability and travel insurance for Indian citizens.
Stock brokers push lending; InsuranceDekho’s latest acquisition
Happy Tuesday! Tech-first broking companies are looking to diversify into the credit business to build a larger financial services play. This and more in today’s ETtech Morning Dispatch.
RBI, payment industry meet discusses contours of new draft PA guidelines
The digital payments industry representatives met with senior officials of the Reserve Bank of India to share their feedback on the recently released draft guidelines for payment aggregators. This comes when US payment giant Stripe seems to be withdrawing from the domestic payments market in India.
e-Insurance in demat like format mandatory for all new policies from April 1, 2024; what is going to change?
e-Insurance policies new rule: The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory to hold new insurance policies in electronic format from April 1, 2024. e-insurance refers to the process of acquiring and managing insurance policies electronically. Policyholders can purchase insurance and store digital policy documents in a dedicated e-Insurance Account (eIA). This eliminates the need for physical documents and simplifies managing various insurance policies, including life, health, and general insurance coverage. What policyholders must know about this new IRDAI rule
- Go To Page 1
Women changing surname legally after marriage: Advantages, disadvantages
International Women's day 2024: Women in India commonly change their surnames after marriage. However, while making a change legally in all their official and other documents, there are certain pros and cons that must be considered. Changing surname in official documents entail huge one-time effort while providing lots of documents and affidavits. Read on to know the advantages and disadvantages of legally changing surname after marriage.
Navigating travel insurance for parents visiting the USA from India
Travel insurance is crucial for parents visiting the USA from India due to expensive healthcare. OnshoreKare is a US-based insurance provider offering comprehensive plans with coverage for pre-existing conditions and access to PPO network and local insurance provider helplines.
I am an NRI planning to relocate to India. Can my investment corpus generate Rs 1 lakh a month?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Your debit card may have free life insurance cover without any policy number; Know how to claim it
Insurance on debit card: Many banks like Kotak Mahindra Bank, Development Bank of Singapore (DBS) India, HDFC Bank, State Bank of India (SBI), ICICI Bank offer an complimentary insurance on debit card provided the cardholder has fulfilled certain conditions. Read here to know how the insurance on debit card mechanism works and how can nominees claim it if the cardholder has died.
What's in and what's out in 2024: Changes coming in workplace, travel, business and economy
In 2024, workplaces shift towards mandatory office presence, ending remote work era. Travel sees a rise in short trips to visa-free countries. Startups face funding challenges, emphasizing profitability. Hybrid cars dominate the auto industry, and premium experiences and personalised fitness gain traction in consumer trends.
You can send Rs 2,000 bank notes via post office to RBI office for direct credit into your bank account
The deposit and/or exchange of Rs 2000 banknotes was initially available at all bank branches in the country until September 30, 2023, and was then extended till October 7, 2023.
Deepfakes a ticking bomb for video KYCs; Indian startups cut 28,000 jobs in brutal 2023
Nithin Kamath, the chief executive of Zerodha, one of India’s largest stockbrokers, took to social media to post a deepfake image of himself and pose questions about how it can impact the finserv industry.
LIC Cards launches two credit credits: Interest from 9%, rewards on insurance premiums, Rs 5 lakh accident cover, and more
IDFC FIRST Bank, LIC Cards, and Mastercard have introduced two credit cards — LIC Classic and LIC Select. There will be zero joining fee and zero annual fee. From low-interest rates to zero-joining fees to reward points to personal accident covers of up to Rs 5 lakh, both cards have multiple benefits and offers. Read here to find out.
Home insurance is as cheap as it is necessary; find out why and how to buy it
Devastating earthquakes, cyclones and floods are not the only risks that your house is exposed to. The mushrooming of high-rise buildings and growing use of gadgets and appliances have increased the risk of fires. Here is all you need to know about home insurance.
Pay just Rs 800 more to upgrade car insurance personal accident cover to all-round 24X7 personal accident policy
It is mandatory to buy a personal accident cover of Rs 15 lakh under car insurance, if you are the owner-driver of a car. It usually costs between Rs 300 and 400. However, there are certain limitations when it comes to compulsory car insurance cover under car insurance. Meanwhile, a standalone personal accident cover protects you from any type of accident around the clock and around the world. The premium for a Rs 15-lakh personal accident cover can range between Rs 800 and Rs 1,200 in a year. Is it a good idea to spend a little extra and buy a separate standalone personal accident cover for a holistic coverage? Read on to find out
20% TCS from October 1, 2023: How a forex card could save you more than a credit card during international trips
TCS on forex payments: From October 1, 2023, forex cards will attract at 20% if the user loads over Rs 7 lakh on the card in a financial year. There is no TCS on international credit cards. Does it mean that credit cards will be a better option than forex cards while travelling abroad? Read carefully to find out
Ahoy, solo travellers! Here are 5 things you need if you're travelling solo
Solo travel can be an exciting adventure, but it also comes with its challenges. To ensure a smooth journey, it is important to have a checklist of essential items. These include a digital wallet or physical folder to store important documents, important gadgets like power banks and a camera, an anti-theft bag to prevent pick-pocketing, a forex card for foreign transactions, and reliable travel insurance to protect against untoward incidents. Bajaj Allianz General Insurance offers a Travel Prime Individual Plan that covers personal accidents, medical expenses, loss of baggage, loss of passport, hijack cover, and delay of checked baggage.
IRCTC: How IRCTC's 35 paise travel insurance works; process to claim up to Rs 10 lakh
To offer some level of insurance protection, the Indian Railways offers a travel insurance programme for a cheap price of 35 paise per passenger.
Life certificate submission at any branch, online deposit claim settlement: RBI committee's major recommendations
The Reserve Bank of India (RBI) organised a committee last year to investigate the customer services provided by RBI-regulated enterprises (RE) such as banks, non-bank financial firms (NBFCs), and payment service operators.
Irdai forms task force to facilitate ease of doing KYC using Aadhaar for policyholders: What will be covered
The Insurance Regulatory and Development Authority of India (Irdai) has announced the formation of a task force to enable the use of Aadhaar for KYC and other purposes.
NPS rule change: Uploading these documents will be mandatory for withdrawal from April 1, 2023
In a bid to make annuity payments faster and simpler after exiting the National Pension System (NPS), Pension Fund Regulatory and Development Authority (PFRDA) has made uploading select documents mandatory for the subscribers
KYC mandatory for buying new health, auto, travel insurance from January 1, 2023
It will be mandatory for the insurers to collect KYC documents from you when you are purchasing a new life and non-life insurance policy, irrespective of the premium amount, from January 1, 2023
Irdai proposes to make issue of insurance policies in demat form mandatory
At present there are four insurance repositories – NSDL National Insurance Repository, CDSL Insurance Repository Ltd, Karvy Insurance Repository Ltd, CAMS Insurance Repository Services Ltd. Dematerialisation essentially means converting physical documents into online format.
Should you get a travel insurance plan with Covid-19 cover?
As international travelling opens up, insurance companies are offering travel insurance policies with covid-19 cover. It is important to check the exact coverage offered and compare it with other travel policies before buying one.
Vistara offers optional travel insurance to passengers
The option is currently available to Indian citizens residing in India, and will be extended to other global markets.
Make mandatory 'bumper-to-bumper' insurance: Madras High Court
The judge was allowing a writ petition from the New India Assurance Company Limited in Avalpoondurai, challenging the orders dated December 7, 2019 of the Motor Accidents Claims Tribunal, Special District Court in Erode.
Load More
