Since the target audience for these schemes is a low strata of the society, it is not advisable for those belonging to the middle class or upper middle class, whose life insurance needs are much more. Prime Minister Narendra Modi announced three major social security schemes which would an an extension to Pradhan Mantri Jan-Dhan […]
Private firms may step in to cover government’s insurance plan
The private sector, which didn’t quite warm up to the call to open Jan-Dhan Yojana bank accounts to increase access to financial services, is cozying up to the government’s efforts to provide universal insurance. With premiums close to market rates, companies including ICICI Lombard General Insurance, SBI Life Insurance and Star Union Dai-ichi Life Insurance […]