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Tag: premiums

GST
GST changes on insurance – is it a big deal?

By: Insurancepe April 18, 2025

The Goods and Services Tax (GST) Council is expected to meet soon (June or early July) with a proposal that could significantly impact both policyholders and insurers. A potential reduction
takaful
Insurance is supposed to provide financial security to everyone, but what happens when a large section of society feels excluded due to religious beliefs? That’s where Takaful insurance comes in—an
Pay as you drive car insurance
Evolution is a slow process – especially in the field of insurance. What was once just insurance involving rigid contracts with hardly any customization or flexibility available to the customer,
Agriculture Insurance Claims Needs Rectification

By: Insurancepe July 28, 2023

Agriculture insurance companies seem to be making huge profits as claims paid out by them have been consistently reducing over the years. Have a look at the below statistics from
World No Tobacco Day

By: Insurancepe June 21, 2023

Every year we observe “World No Tobacco Day” on May 31 to remind ourselves of the dangers of cigarettes and tobacco products. Yes, even smokeless tobacco products can wreak havoc
Amicable Society – Sir Robert Walpole

By: Insurancepe May 5, 2023

Sir Robert Walpole, 1st Earl of Orford, KG, PC, was a British statesman who, as First Lord of the Treasury, Chancellor of the Exchequer, and Leader of the House of
Father of Life Insurance

By: Insurancepe April 10, 2023

Elizur Wright, a 19th century American who started his career as a mathematician is widely considered to be the father of life insurance. In 1844, there was a public auction