Insurance
Incentives, discounts to make health insurance universal: Irdai
Irdai Chairman T S Vijayan today said there is a need to incentivise people who are not inclined to buy health insurance in form of free check-ups or discounts as part of efforts to deepen market pene
New India Assurance to launch Rs 1 crore health insurance policy
Public sector New India Assurance Company Ltd today said it has formulated a health insurance scheme for high net-worth individuals with sum insured upto Rs one crore and was awaiting IRDA's approval
Life insurance policies premium payment grace period extended due to demonetisation; here’s how policyholders will benefit
Insurance Regulatory and Development Authority of India (Irdai) has extended the grace period for payment of renewal premium of life insurance policies because of demonetisation. Here’s how it will
Motor insurance premium grows 28% in FY17 so far, highest since 2008
Motor insurance, which remains an important component of the general insurance industry, has achieved a 28% growth in premium income in this financial year.
Indians outside can buy health, general insurance in forex
Indians living outside can buy health or general insurance in foreign currency irrespective of the currency for settlement claims, the Reserve Bank said today while laying down the revised general and
Should you buy joint term insurance with your spouse or stick to separate ones?
Term insurance is a form of life insurance plan that provides coverage over a period of time and if the insurer dies during that period, the death benefit is payable to the nominee.
Tata Steel announces mining partnership with Quebec govt
Tata Steel Minerals Canada today said it has signed agreements with Quebec government entities to conclude investments of Canadian dollar 175 million (nearly Rs 875 crore) to set up mining operations
HDFC ERGO, Maruti Insurance to offer insurance to Maruti Suzuki buyers
HDFC ERGO General Insurance Company, India’s leading private sector non-life insurance provider, announced the tie-up with Maruti Insurance Broking Private Limited...
Life insurance: Private insurers post 30% growth, Bajaj Life logs 83% growth
The life insurance industry continued to post strong growth in September as private players reported higher growth at 30% year-on-year.
Smart ways to reduce your health insurance premium outgo
Having good health is a victory in itself. A walk in the morning and a wholesome diet are already on your health chart.
Insurance against terror attacks, buy a cover if you are in a sensitive zone
The threat of terror attacks is an omnipresent one. With rising India-Pakistan tension after India’s surgical strikes on Pakistan Occupied Kashmir (POK), the possibility of loss of life and prop
LIC settles claims of Uri martyrs in less than a week
In a show of solidarity towards soldiers martyred in the Uri attack, LIC today said it has expeditiously settled the insurance claims on its own after obtaining necessary documents.
One crore passengers opted for rail insurance in first month
Around one crore train passengers have opted for the rail insurance scheme, which was announced on September 1, within the first 30 days of its launch, IRCTC said today.
AXA, Allianz vie for StanChart’s general insurance distribution deal – sources
France's AXA and Germany's Allianz SE have advanced to the second stage of bidding for a Standard Chartered deal that would enable the sale of general insurance products through the bank's Asian bra
ICICI Prudential Life Insurance will outpace market growth: Kochhar
ICICI Prudential Life Insurance will outpace the market growth in next few years, the company's chairperson Chanda Kochhar said today.
Sum insured under PMFBY jumps over 70 per cent in kharif 2016
Reflecting wider coverage of the recently launched Pradhan Mantri Fasal Bhima Yojana (PMFBY), the total sum insured for the kharif 2016 crops has increased by over 70 per cent to Rs 1.18 lakh crore.
Health Insurance Regulations, 2016 : Breakthrough in the offing
The health insurance vertical will benefit from a special clause in the recently notified Health Insurance Regulations 2016, wherein insurers have been allowed the freedom to test pilot innovative, un
51% of health insurance holders are underinsured:Apollo Munich
Although the number of health insurance policyholders in India is increasing annually, people most often choose the lowest sum insured policy, without comprehending the entire process of choosing an a
LIC Employees Federation urges implementation of SC order
The All India National Life Insurance Employees Federation has urged the management of the Life Insurance Corporation of India (LIC) to immediately implement the Supreme Court order to pay 50 per cent
Andhra Bank ties up with Cigna TTK, Reliance General Insurance
Andhra Bank has entered into corporate agency agreements with Cigna TTK Company Ltd, and Reliance General Insurance Company Ltd for providing health and general insurance respectively, to its customer
NGT slams NDMC, MCD over Dengue, Chikungunya menace in Delhi
The National Green Tribunal (NGT) has come down heavily on the municipal agencies of Delhi for not implementing strong measures to control mosquito-bred diseases like Chikungunya and Dengue
Inform within 24 hr rule by insurance companies harsh: Consumer Forum
Thane Consumer Redressal Forum has ordered an insurance firm and a third party administrator (TPA) to jointly pay Rs 10,000 as compensation beside claim money to a man, observing that the rule to info
LIC unveils new money-back plan to mark diamond jubilee
Insurance behemoth Life Insurance Corporation of India (LIC) came out with a closed-ended plan -- Bima Diamond -- on the occasion of its diamond jubilee year.
Six new players likely to enter reinsurance market in India by January 2017, says IRDA chief
Up to six new players in the reinsurance market are likely to enter India by January 2017, the Insurance Regulatory and Development Authority of India (IRDA) chief TS Vijayan, said at an ASSOCHAM even
V K Sharma takes additional charge as Chairman, LIC
State-run life insurance behemoth LIC said its managing director V K Sharma has taken additional charge as chairman, replacing S K Roy who was relieved of his duties.
ICICI Prudential Life Insurance to focus on pure term policies
Life insurance major ICICI Prudential Life Insurance Company will focus on pure term plans which offer better margin.
ICICI Prudential promoters to dilute 6% more in next 3 years
ICICI Bank, which is launching an IPO of ICICI Prudential Life next week, has said that post-issue the two promoters will offload additional 6 per cent stake in the life insurance JV over the next thr
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Budget 2020
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