POLICY BONUS

If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the fifth part of this series, ET Wealth explains the difference between deductible and co-payment.

The life insurance behemoth has urged all policyholders to proceed with extreme caution before making any decisions about their policy that might compromise their family's risk coverage and financial stability.

Haryana Chief Minister considers review petition or bill after Supreme Court upholds high court order quashing state's policy of granting extra marks in job exams. The policy, termed 'populist measure', was struck down by a vacation bench of Justice...

The Supreme Court upheld a Punjab and Haryana High Court ruling that quashed the Haryana government's policy of awarding extra marks to local residents in recruitment exams, labeling it a "populist measure." The policy, which granted bonus marks bas...

Life Insurance Policy Surrender Value Rule Changes: To curb mis-selling of life insurance plans, IRDAI has introduced a higher special surrender value for traditional endowment policies. Even if a policyholder exits a life insurance policy after the...

Shriram Life Insurance has declared a bonus of Rs 201 crore for the financial year ending March 31, 2024, due to a 35% increase in premium income. The bonus payout will benefit 3.86 lakh policy holders. The surge in new business premium in FY'24 was...

The policy, classified as an 'Unnamed GPA (Group Personal Accident) policy' covers any driver operating an Ashok Leyland vehicle, providing comprehensive protection for the drivers. The comprehensive insurance policy covers accidental death, permane...

Health insurance rule changes: To make health insurance policy more inclusive, flexible and customer-friendly, IRDAI has recently released a master circular on health insurance business. The regulator introduces new measures regarding cancellation c...

Health insurance: The Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular to streamline health insurance claim process. Previously, delays in claim approvals forced patients to stay in hospitals longer. Now...

New health insurance rule: To bring some much-needed relief to health insurance policyholders, Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular on Health Insurance Business. Typically, most health insura...

IndiGo and Air India announce salary hikes and bonuses for employees. IndiGo offers a 5% bonus to mark profitability in FY24, while Air India hikes salaries and bonuses up to Rs 1.8 lakh from April 1.

In a move impacting existing policyholders, HDFC Ergo discontinues its my:health Suraksha health insurance plans. The insurer will migrate customers to alternative policy. Key concerns for existing customers include changes in premiums, coverage det...

Evaluate your coverage needs based on the type of vehicle and its usage. Determine whether you require basic third-party liability coverage or comprehensive coverage that includes protection against own damage, theft and natural calamities.

Renew car insurance promptly to comply with the law, avoid financial burdens, and maintain benefits like no-claim bonuses. Online services simplify the process, ensuring continuous coverage and hassle-free renewals.

The government offered a bonus for Post Office Life (PLI) insurance subscribers. Bonus rates for the fiscal year 2024-25 will be effective April 1, 2024.

Flipkart changes increment policy, offering merit-linked payouts and 100% bonuses to employees. Lump sum payments replace salary hikes. Last year, Flipkart had frozen hikes of 30% staff including senior leadership among tough macroeconomic condition...

Guangdong-based Dongpo Paper is making waves by discarding traditional year-end bonuses in favour of a monthly rewards system tied to employee fitness.

If the car buyer has earned a no-claim bonus (NCB) on his previous car policy, this can be claimed on the insurance premium for the new car.

When you decide to port your health insurance policy and switch to a new policy either with the same insurance company or the other you need to consider an important aspect which is the accumulated bonus and completion of waiting period. Will you ge...