CNBC

Report shows India’s life insurance coverage far below adequate levels

Life insurance remains a critical tool for financial protection and savings in India, but coverage levels are still far below what is considered adequate for earning individuals, according to insights shared by Mithil Sejpal, Co-Founder of SLiQ (Smart LIQuidity) by ValuEnable.

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Unclaimed life insurance money: What it is and how families can claim it

More than ₹22,000 crore in life insurance benefits remained unclaimed at the start of FY24, highlighting a growing awareness gap among policyholders and their families, according to Kamlesh Rao, Chairperson of the Insurance Awareness Committee (IAC-Life), and Parag Raja, Member of IAC-Life.

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How to avoid insurance claim rejections: Top mistakes to watch out for

The Insurance Regulatory and Development Authority of India (IRDAI) reported that 11% of health insurance claims were denied in FY24, totalling ₹26,000 crore in repudiated claims.

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