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Govt asks insurance companies to roll out daycare package for Ayush patients
Tue, May 28, 2024     Source : Economic Times
The government has asked insurance providers to introduce daycare packages for patients seeking Ayush treatment and said it expects insurance coverage to expand as the treatment guidelines are standardised...
INSURANCE NEWS
General insurers expect premium income growth of 32 pc to Rs 3.7 lakh cr by FY26: Report
Tue, May 28, 2024     Source : Economic Times
The general insurance industry is expected to earn a gross direct premium income (GDPI) of Rs 3.7 lakh crore by FY26, an increase of 32 per cent from Rs 2.8 lakh crore in FY24, a report said.
INSURANCE NEWS
Shriram General Insurance Company plans re-entry in crop business
Mon, May 27, 2024     Source : Business Standard
SGIC is all set to re-enter the crop business and also expand its presence in the non-motor segment to 15 per cent
INSURANCE NEWS
10.46 lakh motor accident claims worth Rs 80,455 crore pending nationwide: RTI
Mon, May 27, 2024     Source : Economic Times
As many as 10,46,163 motor accident claims worth Rs 80,455 crore are pending across the country and their numbers have increased constantly between 2018-19 and 2022-23, according to an information received...
INSURANCE NEWS
Insurance brokers urge Irdai to allow them to appoint 'Bima Vahaks'
Mon, May 27, 2024     Source : Business Standard
Bima Vahak, a part of Irdai's Bima Trinity, is a women-centric, dedicated distribution channel to sell insurance products
INSURANCE NEWS
Go for a health plan that covers mental illness
Sat, May 25, 2024     Source : Financial Express
A plan that also offers cover for psychiatric consultations is best.
INSURANCE NEWS
Insurers to reveal number of insurance claims pending and disposed of, says IRDAI circular
Fri, May 24, 2024     Source : Mint
The Insurance Regulatory and Development Authority of India (IRDAI) on Wednesday released a master circular on corporate governance for insurers.
INSURANCE NEWS
Mahindra & Mahindra Finance secures IRDAI license to offer tailored insurance plans
Thu, May 23, 2024     Source : Economic Times
Mahindra & Mahindra Financial Services today announced that it has obtained a certificate of registration from IRDAI ( Corporate Agency License) to act as a ‘Corporate Agent under the Insurance Act, 1938.
INSURANCE NEWS
IRDAI introduces new corporate governance regulations for insurers
Thu, May 23, 2024     Source : Economic Times
The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurance companies to seek prior approval for the appointment of their Board Chairperson, effective immediately.
INSURANCE NEWS
Insurance market set for competitive premiums under new IRDAI commission norms
Wed, May 22, 2024     Source : Business Line
The new guidelines mandate board-approved policies to ensure intermediaries act ethically and in customers’ best interests, which could result in lower premiums and enhanced trust
INSURANCE NEWS
IPL insurance claims hit Rs 150 crore
Wed, May 22, 2024     Source : Economic Times
Insurers are facing a surge in claims from the IPL cricket tournament after a gap of five years. So far, insurers have received around Rs 150 crore in claims from IPL due to rain-related match washouts and...
INSURANCE NEWS
Policybazaar launches Claim Assurance Program to fast track motor insurance claims
Tue, May 21, 2024     Source : Business Standard
The Claim Assurance Program offers a range of services to ease the car insurance claims woes for customers.
INSURANCE NEWS
HDFC Life Insurance declares bonus worth Rs 3722 cr to policyholders
Thu, May 16, 2024     Source : Business Standard
In participating or 'par' policies, life insurance companies share the benefit of profit in the form of bonuses with policyholders
INSURANCE NEWS
Non-life insurance premium up nearly 16% at Rs 29,561.82 cr in April
Wed, May 15, 2024     Source : Business Standard
Industry leader, The New India Assurance Company saw nearly 3.93 per cent Y-o-Y improvement in premium to Rs 5259.01 crore
INSURANCE NEWS
Tata AIG General Insurance partners Aurm for its vault services
Wed, May 15, 2024     Source : Economic Times
Aurm, an asset protection firm has announced a strategic partnership with Tata AIG General Insurance, to provide comprehensive insurance coverage to its customers for their valuables.
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