Berkshire Hathaway Inc which runs Insurance and reinsurance business activities through approximately 70 domestic and foreign-based insurance companies extends its Reinsurance business in India.

Berkshire which is controlled by the business magnate and investor Warren Buffet, has been trying to set its foot in the Indian Insurance market for sometime now. But the bar on the foreign investment limit has kept them at bay from setting up a wholly owned insurance company. Last year, Berkshire...  Read More »

Bajaj Allianz Life Insurance has launched a new unit linked insurance plan ‘Guaranteed Maturity Insurance Plan’.

The plan is the lowest single premium plan available in India and assures that on maturity, the policyholder will get at least twice the amount invested.
 

In Guaranteed Maturity Insurance Plan, the premium is priced at Rs 5,000 making it extremely affordable for average investors. For every Rs 5,000 paid, the policyholder gets a ‘Guaranteed Maturity Certificate’. Hence provides...  Read More »

Bajaj Allianz iSecure More is the latest plan launched to address varied and growing customer needs. ‘iSecure More Insurance Plan’ is  an increasing cover term plan to take care of increasing financial needs. In other words, it fulfills the requirement for people whose needs, responsibilities, liabilities, etc. keep rising over the years.
 

In this insurance plan, the sum assured chosen for at the beginning of the tenure, keeps increasing by 5% every year till it reaches twice the initial...  Read More »

For all those who have a constant worry about existing loans and its financial impact on your family, in case of an unfortunate death; Bajaj Allianz Life Insurance has launched an innovative and new plan ‘iSecure Loan Insurance Plan’.

This refreshingly unique plan is a loan cover that protects your family from the burden of any loan repayment in your absence. It is designed to allow flexibility and to ensure that the policyholder gets complete peace of mind.

iSecure Loan Insurance Plan...  Read More »

Profits of Bajaj Finserv Limited has almost doubled since previous year and a major contributor to this is the life insurance business of Bajaj Allianz Life.

Bajaj Allianz Life Insurance Company is a joint venture between Allianz SE and Bajaj Finserv with product offerings like term plans, endowment plans, money back plans, unit-linked plans (Ulips), pension plans etc. The company’s earnings before interest and tax (EBIT) have nearly doubled and their gross written premiums (GWP) have fallen...  Read More »

Bajaj Allianz General Insurance and Life Insurance received the Bloomberg UTV Financial Leadership Award 2011 organized by Bloomberg UTV and MCX in Mumbai.

The insurer received awards across multiple categories. Bajaj Allianz General Insurance bagged the award for ‘General Insurer of the Year - Private Sector’ whereas Bajaj Allianz General and Bajaj Allianz Life Insurance bagged the awards for ‘Best Contribution in Investor Education and Category Enhancement of the year’.

The Chief Guest...  Read More »

Bharti AXA Life Insurance Company launched 2 new plans - “Wonder Years Retirement Plan” and “Bright Stars Plus”.

Wonder Years Retirement Plan: As the name suggests this plan is designed to take care of an individual’s retirement years. The plan offers guaranteed retirement amount, life insurance benefit and bonuses (if declared, starting from 1st policy year).  

No medical examination or declaration of health status is required. At the time of purchasing the policy, an individual can...  Read More »

Insurance companies in India are now looking to add new features on policies in an effort to tap the insurance markets. According to industry reports, Bharti AXA Life Insurance Company is looking to offer riders that will compensate a policyholder in case of loss of employment. The company is also considering the option of providing a funeral expense rider.

V Srinivasan, CFO, Bharti AXA Life, said that the job loss rider will compensate a policyholder for a specified period if he loses his...  Read More »

Bajaj Allianz Life Insurance launches 2 new life insurance products in the market. One is a ULIP called ‘Money Secure Insurance Plan’ and the other one is a traditional plan called ‘Super CashGain Insurance plan’.

Money Secure is a Unit Linked Insurance Plan (ULIP). Read our Review of the Money Secure Insurance Plan

This attractive ULIP is available for individuals aged between 3 years to 65 years; at a minimum annual premium of Rs.7000 for 10 years and Rs.8000 for 15 years. There is no...  Read More »

In the existing insurance market, where numerous insurance companies are selling a host of policies, buyers are spoilt for choices. First, whether to opt for a traditional insurance or a market-linked plan, the next dilemma is whether to go for a single premium policy or a regular premium.  The question then is where are the buyers investing their money?

Let’s look at the purchasing trends of the customers as described in the latest report of Insurance Regulatory and Development Authority...  Read More »