Page 8 of insurance sector

Cyclone Biparjoy: Irdai directs insurers to fast-track claim settlement process

Cyclone Biparjoy is likely to have caused loss to property (homes and businesses) and infrastructure in various states.

June 17, 2023 18:55 IST

When and how to renew your motor insurance – Details here

Can your policy be renewed as-it-is or does it require modifications? To ensure comprehensive protection, renew your car insurance policy…

June 17, 2023 00:05 IST

insurance industry, life insurance, premium, APE, group single premiums, private companies, ULIPs, HDFC Life, SBI Life, LIC, Max Life, ICICI Prudential Life, VNB growth

India mulls rule changes to boost $731 billion insurance sector

Insurance penetration remains abysmally low at less than 5% in the country of 1.4 billion people, signaling growth potential for…

June 16, 2023 09:53 IST

Rethinking deposit insurance in India

After its latest banking crisis, the US is having a relook at its deposit insurance ecosystem—it is even mulling over…

Updated: June 19, 2023 17:33 IST

Health insurance: A critical illness plan is a must buy

Buy it as a standalone policy and not as a rider with a life insurance plan

June 16, 2023 01:15 IST

After Shakti Ammas, it may be the turn of Bima Vahaks

The move is a much-needed one as insurance penetration in India is hovering around just 4.2%, with large parts of…

June 12, 2023 19:43 IST

Zuno General Insurance sees retail health growing faster than group business

Irdai in March imposed a limit of 30% of gross written premium as EoM for general insurers.

June 12, 2023 02:30 IST

Collective gross premium for non-life insurers grows 18%

Bajaj Allianz General Insurance witnessed a 22.04% y-o-y jump in its premium at Rs 2643.08 crore.

June 7, 2023 02:35 IST

‘Impact of new tax on high-ticket non-Ulip products likely to be marginal’

Despite proceeds from non-Ulip products where annual insurance premium exceeds Rs 5 lakh being taxed from April 1, Max Life…

June 7, 2023 00:15 IST

Sahara India Life Insurance, SBI, SBI Life Insurance

Transfer of Sahara Life business unlikely to impact SBI Life’s balance sheet

At the same time, capital related to policies based on actuarial calculation is being transferred to SBI Life, an insurance…

Updated: June 4, 2023 19:34 IST

BFSI, financial services, technology, global economy, online banking, mobile payments, customer experience, business models, machine learning, AI, IoT, blockchain, data, fraud prevention, cybersecurity, compliance

Digital Disruption in the BFSI Sector: Importance of Digital Assurance

Customers are demanding convenient and hyper-personalized financial solutions following the emergence of digital banking and insurance applications.

May 28, 2023 11:23 IST

irdai, insurance, insurance for all, insurance market in india,

IRDAI working on three-pronged approach to ensure ‘insurance for all by 2047’

Observing that Indian economy today is at an inflection point, he said, the country is among the fastest-growing economies in…

May 25, 2023 18:31 IST

AIC much, Chairmaninsurers, gross direct premium

Easing of EoM norms for PMFBY won’t impact AIC much: Chairman

However, she admitted that the company is facing competition from general insurers after the insurance regulator Irdai relaxed expenses of…

May 25, 2023 03:00 IST

Life insurance, LIC, Investment, Irdai, Tax

Life insurers rejig sales to beat tax on high-value policies

According to industry sources, the Budget proposal has made insurers look at newer markets and deepen penetration to increase growth…

May 24, 2023 05:20 IST

Life insurance, Money, saving, investments, Funds

Your money: Upgrade your life insurance plans as you grow older

As life expectancy is now around 70 years, buying cover till 60 isn’t enough.

May 24, 2023 01:40 IST

PolicyBazaar parent PB Fintech share price jumps nearly 6% today: Should you buy, sell, hold PB Fintech stock?

PB Fintech reported a net loss narrowed to Rs 8.9 crore in Q4FY23 as compared to Rs 220 crore in…

Updated: May 23, 2023 11:08 IST

insurance, life insurance, financial plan,

Your money: Ensuring financial security through life insurance

Adequate cover helps in fulfilling cherished goals in your absence

May 19, 2023 01:15 IST

Shriram Life Insurance posts Rs 156 cr net profit in FY22-23

Shriram Life Insurance Company Ltd has reported Rs 156 crore net profit for the year ending March 31, 2023 on…

May 14, 2023 19:12 IST

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A techie based in Pune claimed that Google Nano Banana Pro read his handwritten maths questions and solved the problem. What’s more, it generated the solution in his handwriting.

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US imposes $100 surcharge on foreign visitors to 11 national parks

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The US Interior Department has announced a new set of “America-first” rules for national park entrance fees. According to the Office of Communications, these changes include much higher fees for visitors from other countries and special annual passes featuring Donald Trump.

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Page 8 of insurance sector

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