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Shipping firms begin hiring unarmed guards for voyages in Middle East Gulf

-Jim Hilton, managing director with maritime security company PVI, said while a ship’s crew were able to carry out functions including increased watches and regular walk-rounds of the vessel, external support could provide “psychological comfort.”

-Additional insurance premiums are up tenfold, adding as much as $100,000 in costs for a supertanker sailing on a seven-day trip, ship insurers added

Time for your first Term Plan

Providing financial protection to your family often forms the basis and first step of financial planning. It is in this circumstance that a simple form of insurance called a Term Plan becomes very crucial. A term plan is an insurance tool that offers financial protection in the form of a sum assured to your family members if something unexpected happens. 

Life insurers to refund premium in a yr old policy in case policyholder commits suicide:IRDAI

In case of non-linked policy, the nominee or beneficiary of the policyholder shall be entitled to at least 80 per cent  of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force, said IRDAI  in its revamped life insurance regulations that will be effective from Monday.