Life Insurance Corporation of India

2024-04-26

No age restriction for health insurance now — what this means for premiums and waiting periods

In a landmark move, IRDAI has removed the age limit of 65 years for individuals buying health insurance policies. This marks a departure from the conventional constraints that limited individuals in securing comprehensive coverage. CNBC TV18 spoke to several experts for their take on the policy shift and its implications.

2024-01-25

CNBC

Now you can avail cashless health insurance at any hospital: Here's how

Under the 'Cashless Everywhere' system, policyholders will have the liberty to select any hospital for their treatment, breaking away from the limitations imposed by agreements or tie-ups between insurance companies and healthcare providers.

2023-12-19

CNBC

Soon, there will be no maximum age to buy health insurance policy

IRDAI has urged insurers to introduce tailored policies aimed at specific demographics, such as senior citizens and millennials, acknowledging the diverse needs within these segments.

2023-11-01

CNBC

24-hour hospitalisation not required for claiming insurance in these scenarios

Even treatments that require less than 24-hour can qualify as day-care treatments and are thus eligible for health insurance coverage. Read to know what's included and what's not.

2023-07-18

CNBC

Dengue, malaria cases rise amid Delhi floods — here's why health insurance is a must-have

Over 160 dengue cases have been reported in the national capital till mid-July this year, the highest for this period since 2018, according to a municipal report released on Monday, July 17. The report, issued by the Municipal Corporation of Delhi (MCD), also said 54 cases of malaria have been recorded in the same period.

2023-05-24

CNBC

4 reasons why you should review your insurance portfolio periodically

Insurance plans are beneficial to anyone looking to protect their family, assets/property and themselves from financial risk and losses. Rising inflation, increasing medical costs, increase in lifestyle diseases, uncertainty in climatic conditions are good enough reasons for people to protect themselves with a strong financial cushion.

2023-04-11

CNBC

How much health insurance should you buy and when — an age-wise breakup

Considering the uncertain times we live in, health insurance comes in handy — irrespective of your age. Often, people make the mistake of underestimating the importance of getting insured in their early years, thinking that it brings value only in the later stages of life. However, no matter what the age group, unforeseen circumstances may strike at any point.

2023-02-13

CNBC

Now, revive your lapsed LIC policy with late fee concession till March 24 — Here's how

Life Insurance Corporation of India (LIC) has launched a campaign to revive old insurance policies that were closed before maturity. Under this, LIC policyholders who shut their policies for any reason can start them again. The campaign will run till March 24, 2023. The insurance behemoth is also offering concessions in late fees during this tenure.

2021-03-24

CNBC

Explained: Tax benefits that can be claimed on your home loan

While easy access to loans help individuals realize their dream, buying a home is also encouraged by way of tax benefits. Understanding these benefits can be useful in our tax planning and must be included as one of the important factors to consider.

2020-10-12

CNBC

Term plan vs endowment insurance plans: Which is more suitable for you and why?

The coverage amount or the sum assured is paid to the nominee in case of death of the insured during the policy tenure.

2020-06-25

CNBC

Government may list LIC as a corporation to continue with its guarantee on policies

To list LIC as a corporation, the government will have to make amendments in the LIC Act. The government guarantee is the biggest differentiator for LIC, and something that has given the behemoth an edge over its private sector rivals

2020-02-28

CNBC

Asian markets fall as coronavirus continues to spread

Asia Pacific markets are falling Friday as fears about the novel coronavirus continue to spur a global sell-off. Japan's Nikkei 225 (N225) fell more than 3% in early trading. South Korea's Kospi (KOSPI) and Australia's S&P/ASX 200 each lost more than 2%. Hong Kong's Hang Seng (HSI) dropped 2.7%, while China's Shanghai Composite (SHCOMP) slid 3.4%.

2020-02-27

CNBC

Dow falls 1,191 points -- the most in history

US stocks again sold off sharply on Thursday as worries about coronavirus mounted. The S&P 500 posted its worst day since August 18, 2011, and the three main indexes fell into correction territory. Stocks are on track for their worst week since the financial crisis.

2019-07-12

CNBC

LIC increases market share over 73% as private insurers lag

Life Insurance Corporation of India (LIC) has increased its share of the insurance market in the country by 7 percent this year and now corners 73.2 percent of the industry.

2019-06-11

CNBC

Your health insurance claim won’t be rejected after 8 years

As per IRDA proposal, if your policy has completed 8 years, your health insurance claim cannot be contested. So, your claim won’t be rejected from the 9th policy year unless you have indulged in fraud or are making a claim for a permanent exclusion.

2018-06-11

CNBC

Here's how global financial markets may react if the North Korea summit is a success ... or failure

If President Trump and Kim Jong Un come closer to an agreement, Chinese stocks are particularly poised to benefit, according to CNBC analysis using Kensho, a quantitative analytics tool used by hedge funds. When worries about North Korea's nuclear threat escalate, European and emerging market stocks are among the worst performers, according to Kensho.