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In recent times, health insurance has been thrust into the global spotlight, not for its merits, but due to controversies and systemic challenges. A particularly shocking event that brought the industry under scrutiny was the murder of Brian Thompson, the CEO of United Health Care, one of the largest health insurance companies in the United … Read more
Life Insurance Corporation of India (LIC) offers a wide range of insurance products to cater to the diverse needs of its customers. These plans are categorized into endowment plans, money-back plans, whole life plans, children’s plans, microinsurance plans, pension plans, unit-linked insurance plans (ULIPs), and term Insurance plans. Let’s dive into the details of these … Read more
In an era where innovation drives growth, the Employees’ Provident Fund Organization (EPFO) is undergoing significant transformations that aim to reshape its operations and offer newfound convenience for employees. These changes not only affect the broader financial ecosystem but also create unique opportunities for insurance agents to tap into a new market segment. In this … Read more
Health insurance companies in the United States are facing growing criticism for practices that appear to prioritize profits over the well-being of patients. Decades of denying claims, raising premiums, and implementing complicated appeals processes have left Americans burdened with medical debt and frustration. By contrast, systems in other countries, such as Germany, offer a strikingly … Read more
Life Insurance Corporation of India (LIC), the nation’s leading insurance provider, has taken a historic step towards empowering women by introducing the Bima Sakhi Yojana. Inaugurated by Honorable Prime Minister Narendra Modi on December 9, 2024, in Karnal, Haryana, this initiative is designed exclusively for women, offering them an unparalleled opportunity to achieve financial independence … Read more
In its continuous efforts to foster educational development and provide opportunities to deserving students, the LIC Golden Jubilee Foundation has launched the LIC Golden Jubilee Scholarship Scheme 2024. This initiative is a beacon of hope for students from economically weaker sections of society, aiming to support them in their academic pursuits and build a brighter … Read more
IRDAI New Policy Cap – The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a significant regulatory change that is expected to reshape the dynamics of the insurance industry. The decision to cap the sale of insurance policies through banks at 50% has sparked a lot of discussion and brought about mixed reactions … Read more
The insurance sector in India is poised for transformative changes with the introduction of digital platforms like Bima Sugam and a renewed focus on ethical practices. Recently, IRDAI (Insurance Regulatory and Development Authority of India) chief, Mr. Debasish Panda, raised critical concerns about the mis-selling and force-selling of insurance policies by banks. These practices, which … Read more
The LIC Jeevan Tarun Plan 734 is a child insurance policy designed to provide financial security for your child’s education, marriage, or other significant life events. This versatile plan caters to both boys and girls and offers multiple options for customization based on your specific requirements. Below is an in-depth exploration of this unique insurance … Read more
LIC New Money Back Plan 720 is a unique life insurance policy that combines the advantages of protection and savings. As a money-back plan, it ensures periodic payouts during the policy term, offering liquidity alongside long-term financial security. Here’s an in-depth exploration of the features, benefits, and terms of this newly launched plan. Also see: … Read more