Insurance News

Insurance industry has a lot to gain from digitisation

Use of digital technology is gradually picking up in the insurance industry...

Growth in motor, health segments raises UII net 3%New York Life's PE funds invest Rs 50cr in Adlabs ahead of IPO
Insurance companies have suffered losses of over Rs 4,000 crore in Jammu & Kashmir floods and cyclone Hudhud. (Express Photo by Shuaib Masoodi)
Insurers lose Rs 4K cr in J&K floods, cyclone Hudhud
Insurance companies have suffered losses of over Rs 4K crore in Jammu & Kashmir floods and cyclone H...

Growth eludes life insurers except some bank-promoted players

An ongoing churn in life insurance products has made growth elusive for insurers, including state-ru...

Irda slaps Rs 50 lakh penalty on ICICI Lombard

Insurance sector regulator Irda has slapped a penalty of Rs 50 lakh on general insurer ICICI Lombard...

Insurance Co asked to pay Rs 4.94L to bank for customer fraud

A consumer forum here has ordered United India Insurance to pay Rs 4.94 lakhs to.....

'Insurance Regulatory and Development Authority (Irda) favours lifting cap on agent fees'

Sectoral regulator Irda is expected to suggest to a high-level panel...
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Insurers gear up to assess losses in Jammu and Kashmir
Insurance companies are gearing up to assess claims from flood-ravaged Jammu and Kashmir...
Nuclear Liability: Centre asks GIC to work on insurance plan for reactors
To sort out the liability issue plaguing Indian nuclear reactors, the Centre...
Jammu and Kashmir floods: IRDA asks life insurers to settle claims fast
In view of massive floods resulting in loss of lives and belongings in Jammu and Kashmir...
LIC favours raising FDI cap in insurance sector to 49 pct
Sources said LIC Chairman S K Roy was in favour of raising the cap from 26 pct now.
Panel on Insurance Bill to hold more consultations
Select Committee of Rajya Sabha on Insurance Laws (Amendment) Bill is set to meet for second time on...
New disclosure norms expose insurers' policy-retention claims
A new standardised disclosure regime put in place for insurance sector...
Oriental Insurance Company Ltd to pay Rs 45K in burglary case
Oriental Insurance Company Ltd has been asked by the Delhi State Consumer Commission to...
CCI launches probe into health biz iof PSU insurers
New India Assurance, Oriental Insurance, United Insurance and National Insurance, among others, have...
Insurance Bill: Rajya Sabha select panel to meet today
The committee will discuss the Insurance Bill with the government, Irda, and the insurance industry.
People now prefer short term insurance plan, says LIC official
LIC's Ajay Kumar said people are more favorably inclined towards short-term insurance plans...
Tantrums, concubines, hotpot burns and smog: China insurers have it covered
Your child throws a tantrum and smashes something? Take out "naughty child insurance".
Ulips, which once fuelled insurance boom, now lie largely unclaimed
The primary reason for this staggering sum is the payments glitch in Ulips upon maturity, driven mai...
Unclaimed sum with insurers touches a steep Rs 5,848 crore
Between 2005 and 2008, insurance industry witnessed a sharp rise in number of policies sold...
'India will benefit if it develops as global reinsurance hub'
The country will benefit enormously if it develops itself as a global reinsurance hub, says study.
Private insurers outpace industry
First-year premium for all 23 private life insurers grew over 15% year-on-year in the three months t...
Unclaimed insurance amount: Whose money is it, anyway?
Irda has embarked on a drive to ensure unclaimed amounts with insurers reach the rightful owner.
2-wheeler insurance: 3-year third-party cover a win-win for consumer, insurer
IRDA has introduced a three-year term for third-party motor insurance of two-wheelers.
Now, Congress holds up insurance reforms
Bill referred to select panel; to give report by winter session
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