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Insurance cover: Which term plan is for you ?

 Surrender value is the sum of money an insurance company will pay to the policyholder or annuity holder in the event of his policy being voluntarily terminated before its maturity or the insured event occurring. This cash value is the savings component of most permanent life insurance policies, particularly whole life insurance policies. This is also known as 'cash value', 'surrender value' and 'policyholder's equity'. Surrender value is the amount payable to...

 

Insurance companies turn doctors!

August 22, 2006 | Pushpa Narayan & Srikala Bhashyam

BANGALORE: Should the patient have a normal delivery or a Caesarean? Should the patient in the surgical ward have a surgical therapy or be given just medicines? Who decides? The health insurance companies. Hospitals say they are beginning to get instructions from the insurance companies on treatment. But insurance firms allege that hospitals push up treatment costs by around 20-25 % when a patient walks in with a policy. If they have taken on a regulatory role it is...

BANGALORE: The 'I' IN the BFSI (banking, financial service and insurance) vertical is forging ahead for domestic software service exporters. Global insurance companies, until now laggards in technology spend and shy to outsource, have stepped up their technology purchase and are more keen to offshore IT needs. The story with insurance companies, like their counterparts in the other industries is the same ? pressure to reduce cost and retain customers. Regulatory...

KOLKATA, MUMBAI: The Insurance Regulatory & Development Authority (Irda) has directed insurance companies to treat their investments in IDFC's fixed-income securities as exposure to the banking sector, instead of their "infrastructure" status, two years after the infrastructure lender turns into a bank. Most insurance companies have a 25% cap -the maximum investment they can make -on the banking, financial services and institutions (BFSI) sector....

BOULEVARD: The drones are coming. Not as flying deliverymen that bring diapers, books or soup cans to your home, a vision put forth by Amazon CEO Jeff Bezos to much fanfare a little more than a year ago. Instead, drones will help spray crops, inspect high-voltage power lines and hover over movie sets to provide directors with new vantage points. They will also work for insurance companies, real estate agencies, ski resorts and dozens of other...