IRDAI 5 Big Changes for 2024: all insurance customers and agents should know

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IRDAI 5 Big Changes for 2024 all insurance customers and agents should know

The year 2024 brought significant reforms for insurance policyholders in India, thanks to the Insurance Regulatory and Development Authority of India (IRDAI). These customer-centric changes have made insurance policies more flexible, transparent, and beneficial. While these updates primarily serve customers, they also present opportunities for insurance agents to better serve their clientele and grow their … Read more

Changes in LIC Commission Structure Post-October 1, 2024: A Guide for Agents

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Changes in LIC Commission Structure Post-October 1, 2024 A Guide for Agents

Life Insurance Corporation of India (LIC) has recently implemented significant changes in its commission structure and related policies, effective October 1, 2024. These changes, driven by new surrender rules and revised guidelines, have implications for LIC agents, customers, and the insurance industry at large. This article delves into the updated commission structure, the reasoning behind … Read more

The Dark Side of Health Insurance: Unveiling the Global Crisis in Claims and Care

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The Dark Side of Health Insurance Unveiling the Global Crisis in Claims and Care

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

Overview and list of all LIC policy plans 2024

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Overview and list of all LIC policy plans

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

Why the U.S. Health Insurance System Is Failing Patients

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Why the U.S. Health Insurance Appeal System Is Failing Patients

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

LIC Bima Sakhi Yojana and Addressing Common Doubts of people

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LIC Bima Sakhi Yojana and Addressing Common Doubts of people

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

LIC Golden Jubilee Scholarship Scheme 2024

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LIC Golden Jubilee Scholarship Scheme 2024

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: A Game-Changer for LIC Advisors

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IRDAI New Policy Cap A Game-Changer for LIC Advisors

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

What is Bima Sugam? And what are the IRDAI chief guidelines on Mis-Selling of insurance?

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What is Bima Sugam and what guidelines did IRDAI chief give on Mis-Selling Insurance

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