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How much term insurance do you need? Experts explain the right way to calculate your cover
The brief
- A 10–15 times income rule is only a starting point for term insurance
- Coverfox founder, brokers raise concerns over IRDAI insurance distribution overhaul
- IRDAI pushes LIC, SBI Life to seek further cost efficiency
- IRDAI’s commission crackdown: Why insurers may cope but distributors face a tougher test
- Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI
- LIC left with two serving MDs as Dinesh Pant joins Irdai as actuary member