Page 4 - Life Insurance Today April 2018

&
Contents Focus

5 5 5 5 5 The unclaimed amount is com-
Editorial 3 mon in insurance sector and

over a period of time amounts
Unclaimed amount of policyholders is not have accumulated as unclaimed which
the hidden fortune of insurers is a cause of concern. There are the
- Jagendra Kumar 5 major reasons that have led to the ac-
cumulation of Rs. 12,000 crore un-
claimed money that is to be claimed by
Protection of Policyholders’ Interests
Regulations, 2017 10 the rightful owner. Amongst the insur-
ers, the highest amount of the un-
claimed money has been lying with
Cancer Insurance Plan Life Insurance Corporation (LIC) - Rs.
from Max Life Insurance 19 6,003.47 crores.

19 19 19 19 19 Our lifestyle and stress re-
Jan Suraksha Plan
from Future Generali Life Insurance Co. Ltd. 21 lated issues make us prone to

many critical diseases, some-
times even at an early age. Cancer is
IRDAI Circular 23
one such disease which has increas-
ingly become an epidemic. More of-
LEGAL 25 ten than not, the cost of cancer treat-
ment is very expensive and can be-
come a huge financial burden on the
Statistics 28 family causing a big dent in our sav-
ings pool.

Short-term funds in long-term portfolios 34
34 34 34 34 34 SP BlackRock Liquid ETF is the

LIC News 36 new kid on the liquid fund
block. Exchange-traded funds
(ETFs) are listed and traded on ex-
Private Life News 37 changes just like other stocks and
bonds. However, rather than being
just one security, ETFs are structured
IRDAI News 39 as a fund or a basket of securities put
together with a specific investment
objective. For liquid funds, the objec-
Glossary & Poll 41 tive is to deliver steady returns with
very low volatility. Put together, you
get a low-risk daily return option that
Articles published during the Year 2017 - 2018 42 can be traded on exchanges.

4 April 2018 Life Insurance Today