Page 2 of general insurance

IFFCO-Tokio GIC launches policy to protect individual directors and KMPs from liability & claims

The policy offers two predefined coverage limits of Rs 5 crore dnd Rs 10 crore, covering up to five directorships…

June 27, 2024 19:23 IST

'No claim shall be rejected ...', says IRDAI | Key reform measures in Master Plan on general insurance explained

‘No claim shall be rejected …’, says IRDAI | Key reforms in Master Plan on general insurance explained

Provision of easy-to-understand insurance products tailored to meet individual needs of the customers, providing them with ample choices and enhancing…

June 11, 2024 18:28 IST

general insurance, gic, insurance, lic, banking

Govt may sell 10% in GIC Re in FY25

The official, however, said the government has no immediate plans to sell any more stake in Life Insurance Corporation (LIC),…

April 20, 2024 06:30 IST

Insurance sector attracted Rs 54,000 crore FDI in last 9 years: Financial Services Secretary Vivek Joshi

The government increased the permissible FDI limit from 26 per cent in 2014 to 49 per cent in 2015 and…

Updated: March 18, 2024 15:33 IST

insurance sector, domestic insurance sector, Non-life insurers, life insurers, margin performance, APE growth, NoP growth

Insurance Sector Focus: Non-life insurers to show better margin performance than life insurers in FY24; Find out why

ICICI Securities stated that non-life insurers are likely to show better margin performance than life insurers in FY24. Non-life insurers’…

March 18, 2024 11:10 IST

ICICI Lombard, appointment, insurance industry, growth, profitability, leadership experience

ICICI Lombard appoints Anand Singhi as Chief – Retail and Government Business

In his new capacity, Anand Singhi will play a pivotal role in spearheading critical areas encompassing retail, digital and government…

March 1, 2024 12:55 IST

IRDAI website back online after hour-long outage, users can now access all services at irdai.gov.in

IRDAI website back online: Earlier, if one tries to open the site, a message was appearing on the screen confirming…

Updated: February 20, 2024 13:21 IST

Democratising insurance: PoSP model’s impact on penetration, economy and employment in India

One of the remarkable achievements of the PoSP model lies in its ability to empower individuals from diverse backgrounds.

January 21, 2024 18:44 IST

HDFC Life, HDFC Life Q3 results, quarter results, Q3 earnings, revenue, profit, premium, new business

HDFC Life posts Q3 profit at Rs 367.54 crore, up 16.3% on-year

HDFC Life recorded net premium for the period in review at Rs 15,273.25 crore, up 6 per cent as against…

January 12, 2024 17:06 IST

Key regulatory developments that changed the course of insurance industry in 2023

From the adoption of modern technologies for creating seamless customer experiences to transforming claim settlements, the year saw many successful…

December 31, 2023 18:49 IST

ICICI Lombard General Insurance, ICICI Lombard, ICICI Lombard profit, ICICI Lombard news, latest news, ICICI Lombard quarterly results

ICICI Lombard profit rises 11%

The net profit for the third quarter last fiscal had stood at Rs 317.53 crore.

January 18, 2023 05:00 IST

insurance, life insurance, health insurance, general insurance, insurance agents, Insurance Regulatory and Development Authority of India, IRDAI, insurance for all, insurance companies, insurance penetration

IRDAI’s new notification throws open wider choices for customers, corporate agents

The measures taken by the IRDAI would help in increasing the insurance penetration in the country, as a corporate agent…

December 13, 2022 18:46 IST

The key to reaching Indian masses for general insurance

If insurance companies can rejig their budgets to pull customers by offering them tangible benefits such as fixed returns or…

December 5, 2022 08:30 IST

General Insurance Corporation of India, General Insurance Corporation of India growth, GIC Re net profit,

GIC Re consolidated net profit soars 51%

Its operating profit rose to Rs 1,703.12 crore for the quarter under review from Rs 1,015.56 crore in the same…

November 11, 2022 00:45 IST

Bima Sugam, insurance platform, IRDAI, life insurance, health insurance, general insurance, digital insurance policies, demat account

Bima Sugam: Will Demat account become mandatory for policyholders?

Bringing in a big reform, the IRDAI has announced the launching of Bima Sugam – a platform that would bring…

October 12, 2022 13:35 IST

Moreover, the retail business has the lowest loss ratio as compared to the government policies that carry the highest loss ratio.

Data Drive: Standalones standing tall

Retail health insurance has grown at a CAGR of 21% (FY11-21), largely because of rising awareness about the role health…

August 5, 2022 05:10 IST

Interestingly, New India Assurance was the only PSU general insurer which had earlier been able to expand its market share.

Market share of 4 public sector general insurers falls to 37.86% at end of Q1

Collective market share of five stand-alone private insurers stood at 9.66% at the end of Q1FY23 compared with 9.50% a year…

July 18, 2022 01:00 IST

Travel insurance with flight delay cover can help travellers in such cases.

Flight delayed? Know how travel insurance can help

Travel insurance can compensate passengers if a flight gets delayed, re-scheduled or cancelled

Updated: July 15, 2022 11:57 IST

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Trump eyes Hassett, Warsh, Waller for Fed Chair as Bessent says ‘not interested’

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President Trump has three finalists for the next chair of the Federal Reserve: Kevin Hassett, Kevin Warsh, and Christopher Waller. Treasury Secretary Scott Bessent is not interested. Trump wants someone who supports his interest-rate cuts and has criticized current chair Jerome Powell. The decision will greatly impact the economy and financial markets.

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