Only 21% of life insurance policy holders have term insurance: Survey

NEW DELHI: Close to 65% of urban Indians have purchased a life insurance policy, but only one out of five people has bought term insurance so the level of protection is very low. A study conducted by Max Life Insurance and market research firm Kantar IMRB says that the overall India Potection Quotient (IPQ) stands […]

MobiKwik now offers instant life insurance for Rs 20 on its app

NEW DELHI: MobiKwik has announced the launch of digital life insurance on its app to its users. MobiKwik in association with ICICI Prudential Life Insurance Company has rolled out first-of-its-kind group micro insurance product. The offering begins with a life cover of Rs 1 lakh available for a monthly premium as low as Rs 20. […]

LIC launches Micro Bachat plan

Life Insurance Corporation (LIC) on Monday launched a new micro insurance plan ‘Micro Bachat’. It is a regular premium, non-linked, participating endowment micro insurance plan, which offers a combination of protection and savings, LIC said in a statement. For the first time, a micro insurance plan has been launched providing coverage up to Rs 2 […]