INSURANCE
Life insurance industry witnesses rise of 33% in new premium income in February
Mar 15, 2019

India’s life insurance industry witnessed a rise of 32.7 percent in its collective new premium income at Rs 18,209.50 crore in Febr

INSURANCE
IRDAI’s committee suggests host of steps for speedy settlement of insurance claims
Mar 11, 2019

The committee, set up by insurance regulator IRDAI, has suggested modifications in the norms for surveyors and loss assessors in or

INSURANCE
IRDAI, NHA form working group to strengthen health insurance ecosystem in country
Mar 08, 2019

In a bid to strengthen the health insurance ecosystem in the country, the Insurance Regulatory and Development Authority of India (

INSURANCE
IRDAI to allow testing of insurance products, services for six months
Mar 06, 2019

The Insurance Regulatory and Development Authority of India (IRDAI) will allow testing of relevant products and services under the

INSURANCE
New premium collection for private life insurers grows 23% in April-January
Feb 14, 2019

The new business premium collection of private life insurance companies grew 22.92% year-on-year (Y-o-Y) to Rs 53,645.06 crore in t

INSURANCE
Postal department to spin off life insurance into SBU
Jan 31, 2019

Communications Minister Manoj Sinha has said that the postal department is planning to spin off the operations of postal life insur

INSURANCE
IRDAI set up panel to identify SII
Jan 24, 2019

The Insurance Regulatory and Development Authority of India (IRDAI) has set up a panel to identity domestically systemically import

INSURANCE
Life insurers’ first-year premium collection rises 2.41% in April-December of FY19
Jan 17, 2019

Life insurers witnessed a marginal growth of 2.41 percent in the first-year business premium collection during the period of April-

INSURANCE
New business premium collection by life insurance industry grows 2.41% to Rs 1,41,584 crore in December
Jan 14, 2019

The Life Insurance Council in its latest report said that New business premium collection by the life insurance industry has grown

INSURANCE
LIC’s market share comes down to 69.36% in FY18: IRDAI
Jan 14, 2019

The market share of state-owned Life Insurance Corporation (LIC) has come down to below 70% in the financial year 2017-18 (FY18). T

INSURANCE
IRCTC offers free travel insurance for air passengers
Jan 10, 2019

The Indian Railway Catering and Tourism Corporation (IRCTC), the catering and tourism arm of the railways, will offer free-of-cost

INSURANCE
Gross premium of non-life insurance firms increases 26.5% in November
Dec 27, 2018

Non-life insurance companies’ total premium collection rose by 26.5% to Rs 12,551.26 crore in November 2018 from Rs 9,921.21 crore

INSURANCE
IRDAI allows single accident cover for multiple vehicles
Dec 13, 2018

Effective from January 1, 2019 customers will not have to purchase separate compulsory personal accident (CPA) cover for each

INSURANCE
IRDAI proposes to relax registration norms for IMFs
Dec 04, 2018

With an aim to improve penetration of insurance products in the country, Insurance Regulator IRDAI has proposed to relax norms for

INSURANCE
IRDAI panel recommends diseases after health policy purchase should be covered
Nov 06, 2018

As per recommendations of a panel set up by Insurance Regulatory and Development Authority of India (IRDAI), Chronic diseases like

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