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Life Insurance Corporation launches two Aadhaar based policies - 'Aadhaar Shila' & 'Aadhaar Stambh'
24-Apr-2017 (17:49)
SBI Life Insurance moves a step closer to IPO, invites proposal from merchant bankers
24-Apr-2017 (16:54)
Edelweiss Tokio Life Insurance gets IRDAI nod for first-ever POS Life Product
24-Apr-2017 (16:31)

Edelweiss Tokio Life Insurance, the joint venture between the Edelweiss Group and Tokio Marine Holdings of Japan, has obtained approval from IRDAI for 'POS - Saral Nivesh', which will soon be sold over the counter for the first time in India under the POS (Point of Sale) guidelines.

The private life insurer is the first to receive approval from IRDAI (Insurance Regulatory and Development Authority of India) to sell such a product through POS, a category which is being explored for the first time ever in India, the company said in a release.

Buying such a product will be useful for someone who is buying life insurance for the first time, as it is simple to understand and easy to buy.

Edelweiss Tokio Life said that the product will be apt for those looking for a simple proposition and seeking instant gratification, as the decision of buying can be made in just a few mintues due to the transparency and simplicity of the product.

The life insurance product will be made available offline as well as online, to ensure that the buying process is seamless for customers.

Deepak Mittal MD & CEO, Edelweiss Tokio Life said, "The purpose of introducing such a product is to give access to life insurance to a larger section of the society, thereby increasing insurance penetration in India".
Group single premia boost life insurers income by 26% in FY17
24-Apr-2017 (09:42)
LIC to infuse Rs 407 crore in IDBI; hike stake to 14.25%
22-Apr-2017 (20:09)
LIC posts 27 per cent growth in first year premium in FY17
20-Apr-2017 (09:37)
Life insurance companies new business premium up 26% in March FY17
18-Apr-2017 (09:35)
LIC to soon get bankers on board for managing lending operations
15-Apr-2017 (13:02)
Insurance Regulator IRDAI unveils online market place for selling policies by insurers
15-Apr-2017 (09:38)
HDFC Life brings country's first life insurance Chatbot with Haptik
12-Apr-2017 (11:45)
Get more benefit through buying online policy.
11-Apr-2017 (11:25)
Panel of 13 actuaries available for Insurers to review products
04-Apr-2017 (11:25)
IRDAI hikes third-party motor insurance premium by up to 41%
29-Mar-2017 (09:42)
Insurance regulator IRDAI slaps Rs 20 lakh fine on ICICI Prudential Life
28-Mar-2017 (16:55)
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