General insurers expect bumper harvest from new crop insurance

Indian non-life insurers are hoping to reap a bumper harvest estimated around Rs 13,000 crore per annum from the Pradhan Mantri Fasal Bima Yojana (PMFBY), the new crop insurance scheme, and the toplin

‘State-run insurers’ new scheme lacks focus on profitability’

The proposed scheme would allow development officers retiring on or after March 31, 2016, to be re-appointed as business associates provided they procured a premium ranging between Rs 1 crore and Rs 2

We are considering insurance products focussed on condition-management: Cigna TTK Health

Irdai asks banks/FIs not to sell insurance policies forcibly

Irdai has directed banking and financial institutions, who act as bancassurance agents for insurance companies, not to forcibly sell policies to their customers or even without their consent.

Irdai slaps Rs 15 lakh fine on Shriram General Insurance

Irdai has fined Shriram General Insurance Company Ltd Rs 15 lakh for violating various norms including using services of unlicensed entities, and giving unauthorised discounts in premium.

Indian Railways: Train passengers to avail insurance cover for premium of Re 1

Train passengers booking their tickets online through the IRCTC website will be able to opt for travel insurance cover from September for a premium of just Re 1.

indian railways

General insurers gross premium in June rises 20%

General Insurance companies in India continue to post positive growth at 20.3% (year-on-year) in gross direct premium in June. Data from General Insurance Council shows private players have continued

IRDAI fines Bharti AXA General Insurance for rule breach

The company added a condition of proportionate deduction in proportion to room under the head 'incremental charges condition' in cases of group health policies, which was in violation of health insura

Automation hurting IT hiring; 4 predictions by NASSCOM

Automation of services and pressure to reach margins has led to a trend of less hiring in the IT sector, according to the National Association of Software and Services Companies (NASSCOM). The hirings

IT industry, information technology, technology news, company news, tech news, nasscom, companies, IT companies

Cancer, cardiac care; 2 new disease-specific insurance cover hit the market

Your option for disease-specific health insurance covers have hit the market with Star Health Insurance offering a new cardiac care policy and Max Life Insurance launching a cancer insurance cover.

breast cancer

Aditya Birla Health Insurance becomes 6th stand-alone health insurer, granted registration by IRDAI

With the IRDAI granting certificate of registration to Aditya Birla Health Insurance Co, your choice of a health insurance provider has widened

​Now insurance claim settlement gets helping hand, online

Forty-six-year-old Sushila Jasraj had bought an insurance policy before undertaking the Kailash Mansarovar Yatra.

China insurance regulator relaxes rules on infrastructure investment to aid economy

China's insurance regulator has revised rules to make it easier for insurance companies to invest in infrastructure projects in a bid to support a slow economy and create investment opportunities in a


Irdai asks insurance companies details of social sector business

Regulator Irdai has asked insurance companies to file details of their business in the rural and social sectors, a move aimed at checking if they are fulfilling their obligations in these two areas.

Shiftover to e-Insurance from October 1; Will it impact premium rates?

Reinsurance Group gets initial nod to set up India branch

US-based life and health reinsurer Reinsurance Group of America (RGA) has received the first level approval regulator Irdai to set up a branch in the country, a company official said today.

Shiftover to e-Insurance from October 1; challenges remain for industry

New ways to lower investment risk seek to propel climate action

As small-scale farmers around the world seek to cope with climate change by adopting drought-resistant crops or methods to capture and store water, finding the money can be a problem, and interest rat

IndiaFirst Life, Star Health launch combi plans

IndiaFirst Life Insurance has tied up with Star Health Insurance to introduce Star First Combi Plans – combination of health and life insurance plans.

Chinese insurers run ‘Titanic’ risks for titanic returns

Years of breakneck growth for China's top insurers has been partly fuelled by a splurge on risky investment products that could punch multi-billion-dollar holes in their balance sheets if the slowing

After SK Roy exit, Govt likely to pick new LIC chief by next month

Government will soon start the selection process of new LIC chairman following the premature exit of the incumbent, S K Roy, and complete the whole exercise by the next month.

SK Roy, LIC, VK Sharma, Usha Sangwan, SK Roy exit, LIC Chief, LIC Chief exit

US bank offers cyber insurance against wire-transfer fraud

Grandpoint Bank on Tuesday introduced cyber insurance policies to reimburse business customers for fast-growing wire-transfer fraud schemes.

cyber insurance

Listing of PSU insurers to happen one-by-one: Shaktikanta Das

The process of listing of four public sector general insurance companies will begin one by one and "lot of action" is expected on the front in next few months, a top official said today.

Shaktikanta Das

LIC willing to be partner in NIIF: Chairman SK Roy

Country's largest insurer LIC today said it is willing to participate in India's maiden sovereign wealth fund NIIF as the state-owned company's own core focus is also on infrastructure investment.

IRDAI’s e-commerce proposal to boost online insurance sales

Insurance companies on Saturday said the proposed guidelines on selling and servicing of policies through e-commerce platform are expected to boost online sales of insurance products.

insurance policy

IRDA mulls introducing ‘Title Insurance’; sets up panel

Aiming to provide cover to people in case of defective property titles and related issues, insurance regulator IRDAI today...


Cheaper insurance policies for investors soon? Irdai e-policies move may help

Insurance Regulatory and Development Authority of India (Irdai) has come out with the exposure draft on selling and servicing insurance policies through the e-commerce platform.

Don’t use force to obtain discharge voucher: IRDAI to insurers

Regulator IRDAI today directed general insurance companies not to use coercion or force to obtain discharge vouchers or receipts of settlement of claims, from insured persons.

Jharkhand government to launch medical insurance for BPL families

Stating that dialysis facility would be started in eight districts within the next one-and-a-half month, Das said BPL families earning Rs 72,000 per annum would be provided free dialysis...

Raghubar Das News, Jharkhand News, Jharkhand Latest News

Ships get relief from piracy insurance premium at Indian ports

Ships entering or leaving Indian ports are not required to pay a piracy-related additional insurance premium now, a move which will help thousands of the vessels.

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