You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Death claims paid by insurers up fourfold in a decade

DNMUM392648 | 7/18/2017 | Author : Kumar Shankar Roy | WC :438

  • Packaged Content
  • Death claims paid by insurers up fourfold in a decade

  • Note: Buying this story will also give you the same reproduction rights for these images, without any additional cost.



Kolkata: The massive uptake of life insurance cover in the recent years is showing up in claims.
According to the data collated from Insurance Regulatory and Development Authority and Life Insurance Council, death claims paid by life insurance companies crossed Rs 19,000-core mark in 2016-17, almost four times Rs 5,288 crore paid out as death claims in 2007-08.
Experts say that a proliferation of life insurance business, higher sum assured opted for by policyholders and competition to Life Insurance Corporation by private sector insurance companies have contributed to the spurt in death claims paid by the industry on the whole.
A death claim is a formal request made by the nominee in a life insurance policy to the life insu
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Big, safe and friendly
DNMUM393171 | 7/26/2017 12:00:00 AM | Author : Kumar Shankar Roy | WC :860

with a string of  reforms by the regulator  Irda, Ulips are silently making a successful  comeback, says Kumar Shankar RoyDisruption is a way of life in business. For India’s life insurance industry, th
Add To LightboxCalculate Price

Business as usual
DNMUM393175 | 7/26/2017 12:00:00 AM | Author : Collin Furtado | WC :736

Snapdeal rejected Flipkart’s first offer of $800-850 million earlier this month, but the latter did not stop there. Instead, it came back with a revised offer for $900-950 million last week. The saga between the two e-commerce rivals has bee

Add To LightboxCalculate Price

Google takes a VR step to make advertising easier
DNMUM393176 | 7/26/2017 12:00:00 AM | Author : Collin Furtado | WC :327

In one of the biggest moves that could push the use of virtual reality (VR), Google has announced the launch of a brand new product that brings the concept of advertising in VR. Google come out with a dedicated website for its internal incubato
Add To LightboxCalculate Price

Effective budgeting keeps finances in check
DNMUM393179 | 7/26/2017 12:00:00 AM | Author : Karthikraj Lakshmanan | WC :750

‘It was different in our times’ is a phrase we often hear from the generation before us. Eating out was a “treat” and birthdays and anniversaries were looked forward to with great anticipation. New clothes and jewelry were bought once

Add To LightboxCalculate Price