Tag: Insurance companies

Will-Climate-Change-Make-Insurance-Too-Expensive-in-India

Will Climate Change Make Insurance Too Expensive in India?

Ashneer a financially literate 40 something found himself screaming at the top of his voice. He was at the office of an insurer to renew his Fire policy. But the premium of his policy had increased by about 40%. What the hell he thought. Am I in a dream? But the Insurer told him that […]

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Gratuity Insurance Rules

Karnataka Government Strengthens Employee Benefits: Compulsory Gratuity Insurance Rules Take Effect

The Government of Karnataka has enacted a landmark legislation that significantly benefits employees across the state. The Karnataka Compulsory Gratuity Insurance Rules, 2024, introduce a mandatory insurance requirement for employers to secure their gratuity obligations. Let’s break down what this means for employers, employees, and insurance brokers within the state. Understanding Gratuity Gratuity is a […]

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How to Choose the Right Insurance Broker

How to Choose the Right Insurance Broker?

Insurance brokers play a key role, sourcing policies and assisting with claims. Experience, capabilities, relationships, response times, and recommendations all factor into choosing the right broker.

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What is a material fact in an insurance contract

What is a Material Fact in an Insurance Contract?

In the complex landscape of insurance contracts, grasping the significance of material facts is crucial. As a policyholder with Ethika Insurance Broking, comprehending these facts is pivotal for making informed decisions about coverage. The Crucible of Clarity: Material Facts in Insurance Contracts Unraveled Defining Material Facts Material facts are key information influencing an insurer’s decision […]

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Insurance Agent and Insurance Broker Commission Structure in India

Insurance Agent and Insurance Broker Commission Structure in India

The Government of India’s Insurance Regulatory Development Authority decides the insurance agent’s and insurance broker’s commission structure in India. The maximum commission in the general insurance business is paid in the motor insurance segment, whereas the minimum is paid in the group health insurance segment. IRDAI has set a cap on the commission payable under […]

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How to Save Money on Personal Health Insurance Coverage

How to Save Money on Personal Health Insurance Coverage

Today, any minor surgery can cost you anywhere between 2-5 Lakh Rupees. Health inflation in India is rising at about 14% per annum. If you are a white-collar worker, your salary hike might have been lower than 14% per annum, especially over the last few years. Without basic health insurance, it is increasingly difficult for […]

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5 Benefits of Investing in Personal Health Insurance

5 Benefits of Investing in Personal Health Insurance

When a person is hospitalised as a result of an accident or illness, personal health insurance can be helpful. Personal health insurance policy can be purchased for oneself as well as someone you have an insurable interest in. Insurable interest in simple terms is your interest in the person you are insuring. You can therefore […]

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