Page 7 of insurance sector News
It works well in a family floater plan as the sum insured is shared by all.
As a result of rebalancing, motor gross direct premium income (GDPI) mix for commercial vehicles decreased on a year-on-year basis…
While the demand was raised twice later, RCap’s CoC had rejected the proposal, stating the firm was part of the…
The Gross Direct Premium Income (GDPI) of ICICI Lombard stood at Rs 6387 crore in Q1FY24, up 18.9 per cent…
Long delay in claims settlement is the most common grouse
This will offer added financial protection against inflation
By purchasing commercial vehicle insurance, you can secure each commercial journey and run your business smoothly.
Personal recommendation from friends and family or a known agent is the top trigger for insurance consideration for approx. 80%…
In India, it is a legal requirement for every vehicle on the road to have motor insurance, particularly a third-party…
Such policies cover death, disabilities and medical expenses at a low cost
Insurance is playing a significant role in the adoption of EVs in India by incentivizing consumers to switch to eco-friendly…
According to ConsenSys, smart contract-oriented transactions can apply different products for helping underinsured markets
The one-time payment options seem to be ideal for those who do not have a regular income.
Among the various insurance types, Motor Insurance emerges most common, with ownership of 60% for two-wheeler, 35% for two-wheeler insurance,…
Ease of doing Business for MSMEs | MSME Day 2023: ICICI Lombard has a dedicated digital platform for SMEs to…
Insurers give loans up to 90% of surrender value of the policy.
Private insurance companies continue to extend their lead in the individual non-single premium segment while the year-to-date first-year premium of…
Artificial intelligence (AI) has the potential to transform the insurance industry by improving risk assessment, streamlining processes, reducing costs, and…