Life insurance is a very popular financial product for Indian customers. The only public sector life insurer in India LIC holds a major market share which is more than 65 percent along with its private counterparts run by major corporate houses of India like TATA, Bajaj, Kotak, Reliance and some of leading banks like HDFC, … Read more
Women in India are increasingly active in financial decision-making, yet a significant life insurance protection gap persists. Government data shows the Female Labour Force Participation Rate (FLFPR) climbed from 23.3% in FY18 to 41.7% in FY24, highlighting women’s expanding economic role. Despite this progress, a 2025 Policybazaar report reveals women make up only 11% of … Read more
In the last decade small and medium enterprises have grown to be one of the most important sectors for our country. In a developing country like ours with a huge population which is young too, this sector plays a crucial role in the development of economy by providing employment opportunities especially in rural areas and … Read more
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This article provides insights of the subject for the candidates appearing for Associateship (Non-Life) examination conducted by Insurance Institute of India. This exam basically deals with financial accounting and investment regulations. With regards to financial accounting; candidates appearing for the IC 46 examination should be well versed with scope, concepts, principles & standards of accounting. … Read more
Insurance companies in India are regulated by the Insurance Regulatory & Development Authority of India (IRDAI). One of the main objectives of IRDAI is to protect the interest of the policyholders, i.e. the customers of insurance companies who end up buying insurance policies for consideration of money termed as premium. IRDAI strives to ensure that … Read more
Underwriting year basis accounting usually helps in recovering the losses which occur on a specific policy during the period of treaty. The claims are recovered from the reinsurer who received the premium of that particular original policy this accounting method will be best suitable for the following classes of business. Classes of Business Suitable for … Read more
Bad weather conditions may lead to flight delays due to which travellers are not able to fly on time. With the monsoon all set to begin, flight delays due to bad weather conditions are expected to rise. Severe weather conditions keep the passengers stranded on airports though all possible measures are taken by airlines to … Read more
Want to get Full Insurance – Full claim amount for your Motor Vehicle? – Consider opting Zero dep Add On. If you are worried about paying the part payment amount for the motor claim then you should consider buying the Motor Add On, which takes care of your out of pocket expenses. In a comprehensive … Read more
Health Insurance cover is much useful in an unfortunate event when one gets ill and needs a major surgery/treatment/hospitalization. It helps minimize hospitalization expenses that burn a big hole in the pocket reducing financial losses without affecting productive working years. It reduces the financial stress of providing quality medical treatment required while undergoing a treatment … Read more