Life Insurance: More customer-friendly products in the offing

For all linked and non-linked products, the insurer will follow the extant ‘File and Use’ procedure for filing new or modified products/riders. In order to make life insurance products more customer-friendly, the insurance regulator has introduced changes in filing new or modified products and procedures for modifications of the existing products. For all linked and non-linked products, the insurer will follow the extant ‘File and Use’ procedure for filing new or modified products/riders. For products and riders which fully comply with extant norms and regulations, the regulator will endeavour to…

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HDFC Life rides on new products, SBI Life maintains growth

Mumbai: New product launch meant private life insurer HDFC Life had spectacular profitability and growth metrics for the June quarter. The company trumped analysts’ estimates on value for new business margin (VNB), a key indicator of profitability. VNB for June quarter was 29.8%, sharply higher than 24.2% a year ago. The non participatory product that HDFC Life had launched was the force behind this margin spike. Sale of non-participatory policies surged which nearly halved the share of market linked products to 26% in overall portfolio. Unit linked insurance products or ULIPs are low margin…

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Memorial Day sales on products that will make your life easier every day

What’s better than the long weekend? We can only think of one answer: DEALS. We’ve specially curated items from the Mashable Shop that are on sale and will make your day-to-day life easier. Here they are: A power dock with Qi wireless charging capability that can fuel four different devices simultaneously. This four-in-one fast charging dock lets you juice up smartwatches, smartphones, wireless headsets, or an Apple Pencil all at once. It’s extremely compact and portable, and has anti-skid rubber stands built-in underneath to prevent potential slippage. Regularly $149.99, you can get it today…

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