Insurers are required to follow certain investment norms, like they cannot invest in debt securities with a rating below AAA. If any asset is impaired and the rating falls below AAA, it has to be marked to market. The insurer cannot hide this.
Did you know that financial services providers like banks, insurers and fund houses have to pay a penalty to you if they don't meet deadlines? Even the tax department is not free from this. Here is the compensation you can claim for poor services.
The Insurance Regulatory and Development Authority of India has released draft rules to revisit the current own damage product structure of motor insurance policies. Here are six key changes that you need to be aware of.
There is a reason why insurance agents are pushing policyholders to buy policies before 30 November.
The PMC Bank crisis has brought safety of bank deposits into focus, but does that fear warrant a bank change?
Diabetes-specific plans are expensive. The downside of generic health plans is the longer waiting period. Besides the price it exacts on your health, diabetes also places enormous strain on finances. Find out ways to mitigate the financial burden.
Health insurance plans for senior citizens have become unaffordable after steep premium hikes. There have been cases of the premium being increased by 400% and those where the premium exceeded coverage limit. Here's what experts have to say on this.
While linking interest rates to an external benchmark, the Reserve Bank of India has allowed the banks to charge credit risk premium as a part of the spread over and above the external benchmark rate to arrive at the effective interest rate.
Do not seek help from strangers to complete payment transactions. Do not download apps, except recommended by seemingly-helpful people. ET Wealth unravels the modus operandi involved and tells you how to avoid being taken for a ride.
All three listed life insurers and private general insurer ICICI Lombard hit 52-week highs on October 22 and 23.
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