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INSURANCE NEWS
HDFC Life Insurance declares bonus worth Rs 3722 cr to policyholders
Thu, May 16, 2024     Source : Business Standard
In participating or 'par' policies, life insurance companies share the benefit of profit in the form of bonuses with policyholders
INSURANCE NEWS
Non-life insurance premium up nearly 16% at Rs 29,561.82 cr in April
Wed, May 15, 2024     Source : Business Standard
Industry leader, The New India Assurance Company saw nearly 3.93 per cent Y-o-Y improvement in premium to Rs 5259.01 crore
INSURANCE NEWS
Tata AIG General Insurance partners Aurm for its vault services
Wed, May 15, 2024     Source : Economic Times
Aurm, an asset protection firm has announced a strategic partnership with Tata AIG General Insurance, to provide comprehensive insurance coverage to its customers for their valuables.
INSURANCE NEWS
IRDAI brings life, health insurance down to the grassroots level
Mon, May 13, 2024     Source : Business Line
Mandates insurers to cover Gram Panchayats
INSURANCE NEWS
LIC's April premium hits decade high of Rs 12,384 cr
Sat, May 11, 2024     Source : Economic Times
State-owned Life Insurance Corporation of India (LIC) on Friday said its premium collection in April was Rs 12,384 crore, the highest for the month since 2014.
INSURANCE NEWS
Irdai directs cos to meet social sector obligations
Sat, May 11, 2024     Source : Economic Times
With the objective to meet insurance for all by 2047, the sector regulator Irdai on Friday issued a master circular directing life and non-life players to do a certain percentage of business compulsorily t...
INSURANCE NEWS
Seeking relief. Rising health insurance premium leaves buyers sore
Thu, May 09, 2024     Source : Business Line
Calls grow for setting up a health regulator, cut in GST on premiums
INSURANCE NEWS
Customise insurance riders to fit your family's medical background
Thu, May 09, 2024     Source : Business Standard
Understand the exclusions in each rider; consider a standalone policy for comprehensive coverage
INSURANCE NEWS
Irdai imposes a fine of Rs 1 crore on IPO-bound Go Digit Insurance
Wed, May 08, 2024     Source : Business Standard
According to recent general insurance council data, the company had a gross written premium (GWP) of Rs 7,941.1 cr in FY24
INSURANCE NEWS
Health insurance premium shot up over 25% last year for 52% policyholders, finds survey
Wed, May 08, 2024     Source : Economic Times
For 52% personal health insurance policy owners, the premium increased by over 25% in the last 12 months, claims a survey by LocalCircles.
INSURANCE NEWS
Good news for insurance agents! They can use this platform to track and receive commissions in real-time
Wed, May 08, 2024     Source : Financial Express
Traditionally, insurance agents and PoSPs have to refer to complex grids to understand the income potential from commissions. Add to that, there are over 72 parameters that need to be considered for ensuri...
INSURANCE NEWS
ICICI Pru Life launches ULIP having fund value-based distributor payouts
Tue, May 07, 2024     Source : Business Standard
Customers can choose from an array of 21 funds under this product, which includes 13 equity funds, four debt funds, and four balanced funds. Additionally, they can choose from 4 portfolio strategies
INSURANCE NEWS
Health insurance industry exposed! Here’s what policyholders get from insurers against lofty promises
Mon, May 06, 2024     Source : Financial Express
The survey said that rejection of health insurance claims and cancellation of policies by insurance companies were among the top issues faced by consumers.
INSURANCE NEWS
Ready to conclude RCap deal post IRDAI approval: Ashok Hinduja
Mon, May 06, 2024     Source : Business Line
Targeting $50 bn valuations by 2023, Hinduja to explore listing IIHL in international market
INSURANCE NEWS
Free hospital care under PM-JAY touches Rs 86,000 crore
Sat, May 04, 2024     Source : Financial Express
People from Tamil Nadu benefitted most under the scheme, followed by Karnataka, Rajasthan, Kerala, Andhra Pradesh and Gujarat.
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