Tag: Life Insurance

Utmost Good Faith
Utmost Good Faith – the UK’s biggest change to its Insurance Laws

By: Insurancepe May 16, 2024

If you have ever carefully read a proposal form of any type of insurance you are or were considering taking, you may have noticed a statement (usually in the Declaration)
Annuities – the Retirement Revolution

By: Insurancepe May 8, 2024

Welcome to the dawn of a new era in retirement planning—a revolution fuelled by innovative financial tools and strategies aimed at empowering individuals to achieve financial freedom and security in
How did they (try to) carry out the scam?
A student who amputated his own legs for a $1.3 million dollar insurance scam

By: Insurancepe April 27, 2024

In 2023, a university student in Taiwan tried to scam his insurers in an attempt to get a payout of $1.3 million dollars! By amputating his own legs! What did
section 45
Incontestability clause in life insurance (Section 45)

By: Insurancepe April 15, 2024

If you go through your life insurance policy wording, you will come across Section 45, a provision of the Insurance Act, 1938 as amended by Insurance Laws (Amendment) Act, 2015.
Financial Year 2024
Two new insurance rules for the new financial year 2024

By: Insurancepe April 2, 2024

SURRENDER VALUE in Life Insurance policies Starting April 1, 2024, as announced by the insurance regulator IRDAI, revised surrender values in non-linked or linked life insurance products – traditional endowment
The Myth of 'Sold, Not Bought'
Insurance is not Bought, but Sold

By: Insurancepe March 28, 2024

People tend to be certain that they will live a hundred years; be damn sure that their house will not burn down; that their car will not be totaled in
Family Health Optima Insurance
The cost of poor service in Health Insurance

By: Insurancepe January 8, 2024

What happens when a legitimate claim is rejected by an insurance company? The insurance company ends up paying more than the original cost of the claim. At least that is
Is this a term plan? A savings plan? A retirement plan? An investment linked plan?
The need to simplify life insurance product names in India

By: Insurancepe December 29, 2023

If you have ever bought life insurance in India, you have most certainly gone through various products from different life insurance companies in your search for the perfect plan, and
Does your insurance cover War?

By: Insurancepe October 30, 2023

With distressing news of war and conflict from different parts of the world becoming increasingly and worryingly common, we ordinary people can only hope that peace comes sooner than later,
India is aware, but remains uninsured?

By: Insurancepe September 25, 2023

The recent Financial Immunity Study 3.0 by SBI Life with Deloitte gave us a much-needed insight into India’s perception of financial immunity and the ever-widening gap between their desired financial