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29 ArticlesInsurance

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HDFC and Max Life Merger: Here’s What You Need In Order To Break Even

Max Life and HDFC Life are merging. This is great news! Except for one thing: No one clearly understands what the heck is going on. This post will unravel the ...

Aug 10, 2016

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Has ICICI Prudential Life Taken To Fake Doctors Prescriptions To Avoid Paying Out Claims?

So Manoj Nagpal highlights a consumer forum case in which: Mihan Kisku takes policies worth Rs. 13 lakh from ICICI Pru Life in August 2008 He dies of a heart ...

Jul 09, 2015

You Will Not Believe The Real Cost of the Subsidized Insurance and Pension Schemes In The Budget

There were three new “social” schemes in the budget. These sounded like big government expenditure and the devil is obviously in the details. We ...

Mar 03, 2015

The Disruption of Bankers: Technology makes them mis-sell, But their jobs are in trouble

Bank employment is getting disrupted by technology. As transactions get primarily enabled on cards and mobile (at least in cities) you find that that bank ...

Feb 01, 2015

Insurance Sector Slows Down, New Premiums Fall 6%

New premiums in Life Insurance companies are down about 6% in 2012-13, and that follows a tough year earlier. (From the RBI Financial Stability Report) ULIPs ...

Jun 28, 2013

Keyman Insurance Loophole Plugged: All Proceeds Will Be Taxed, No Exemption

Budget 2013 has plugged a loophole in the tax system. Consider a small company that wanted to pay its management a bonus based on a large profit it had ...

Feb 28, 2013

Insurance Profits from Surrenders, But Not *That* Much

LiveMint has an article by Monika Halan and Deepthi Bhaskaran talking about how investors lost Rs. 1.5 trillion (150,000 crore) rupees due to mis-selling. ...

Feb 06, 2013

New Business for Insurers Continues Decline in 2012

Insurers seem to be getting lesser new business, as new premiums (single premium policies + new regular premium policies) drop 4.2% in the first half of the ...

Dec 25, 2012

Don’t Buy HDFC Crest – It is Not a Fixed Deposit

I have now had a few people complaining to me – including my own mother – that relationship managers in HDFC Bank have been strongly selling HDFC ...

Nov 25, 2012

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Insurance: Pay 3% or 1.5% Service Tax Now

Till last year, service tax was chargeable on the premium you paid for Term insurance policies. Even in ULIPs the service tax was only charged on the portion ...

Mar 20, 2012

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