Women have come a long way to take hold of their finances. How can the insurance industry further their progress?
By Tasha Williams, Senior Research Writer and Max Dorfman, Research Writer Women contribute more earnings to their households and feel more confident about personal finance than prior generations. However, they still face hurdles to taking charge of planning for their financial future and legacy. Findings from a new report, Lack of Knowledge and Confidence Deter Women from Purchasing Life Insurance, produced by insurance nonprofits LIMRA and Life Happens, indicate a substantial disparity in life insurance purchasing between women and men and perceptions surrounding these products. Society historically shut women out of their financial affairs. Women did not have the right to open a bank account in their name before the 1960s. Before the Equal Opportunity Credit Act of…
How your motor insurance policy changes after installation of LPG/CNG kit
To save on fuel costs, many people are switching from petrol/diesel cars to LPG or CNG by incurring a one-time cost and installing a kit. However, car owners must note that this leads to significant changes in the car insurance policy as well.
IRDAI proposes third-party motor insurance premium cars, two-wheelers for FY 2022-23
In the last two fiscal years, the IRDAI has not changed its tariffs. As a result, Irdai’s FY 2019-20 rates have stayed unaltered until date. The following are the suggested Motor Third Party Premium rates for FY 2022-23 for various vehicle categories.