insurance

Max Life Insurance unveils the IPQ 4.0 Survey

Max Life Insurance unveils the IPQ 4.0 Survey

Max Life Insurance Co. Ltd in association with Kantar recently unveiled the India Protection Quotient (IPQ) 4.0 survey. Tapping 5,729 respondents across 25 Indian cities [between 10 December 2021 to 14 January 2022], the survey was carried out during the recent wave of the Covid-19 pandemic. The findings which reveal insights that highlight East India’s shift across financial priorities and anxieties studied by IPQ 4.0 are – (1) Abysmal term insurance adoption - East India registered an abysmal rate of term insurance ownership at 40%. (2) Region worries over mental wellbeing and children’s education - 67% of respondents worried about…
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ICICI Pru Life: Bonus reflects a commitment to policyholders

ICICI Pru Life: Bonus reflects a commitment to policyholders

An annual bonus of Rs 867-crore has been announced by ICICI Prudential Life Insurance for all eligible participating policyholders for FY2021. The bonus declared is the highest ever by the Company till date and is also 10% higher than the bonus announced in the last fiscal. This is the 15th consecutive year the Company has declared a bonus, underscoring its customer-centricity and long-term investment approach to deliver superior risk-adjusted returns to policyholders. All participating policies in-force as of March 31, 2021 are eligible to receive this bonus. A total of 9.8-lakh participating policyholders will benefit from this. "We are delighted…
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