Page-3 of Life Insurance Current Affairs, GK & News

What is the meaning of ‘Accidental Death Benefit and Dismemberment’?

Accidental death benefit or dismemberment is the extra benefit which is being given to the policyholder in case of his death due to an accident. The benefit of dismemberment is even paid in case of death of the insured person or the latter loses his limbs or his sight during the accident. Furthermore, in case ..

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Suspended: New India Assurance chairman M Ramadoss

New India Assurance chairman M Ramadoss has been suspended by the Government for for alleged violations in issuing insurance cover to an airline during his stint as head of another state-run insurer. This is the second instance of action being taken against a head of a public sector insurance firm. Earlier, TS Vijayan, the chairman ..

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SEBI versus IrDA : The ULIP Battle : Featured Article

Recently, India’s market watchdog SEBI banned 14 insurance companies from raising funds from ULIPs, stating that they have not registered their product with SEBI, so they can’t issue new ULIPs. The companies affected were: Aegon Religare, Aviva , Bajaj Allianz, Bharti AXA, Birla Sun Life, HDFC Standard Life, ICICI Prudential, ING Vyasa, Kotak Mahindra Old ..

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