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INSURANCE NEWS
We’re seeing steady demand for pure protection policies: N.S. Kannan
Tue, Jun 22, 2021     Source : Mint
Despite the rise of claims due to covid-related deaths in the past one year, ICICI Prudential Life Insurance Co. Ltd, one of India’s largest private insurers does not see the underwriting risk going up for...
INSURANCE NEWS
Life insurers may see short-term pressure on profitability due to pandemic: ICICI Pru Life
Mon, Jun 21, 2021     Source : Economic Times
The domestic life insurance industry may see pressure on its profitability in the short-term as the coronavirus pandemic has cast doubt on the certainty related to morbidity and mortality in the country, I...
INSURANCE NEWS
Insurers seek re-pricing of Corona Kavach, Corona Rakshak policies
Mon, Jun 21, 2021     Source : Business Line
With claims rising, low-ticket schemes prove expensive
INSURANCE NEWS
Edelweiss General Insurance to focus on health and motor segments
Sat, Jun 19, 2021     Source : Business Line
Working with start ups and SMEs on group health covers
INSURANCE NEWS
Covid impact: Kotak Life Insurance arm estimates Rs.275 crore loss in June quarter
Fri, Jun 18, 2021     Source : Mint
Kotak Mahindra Bank announced on Thursday that its life insurance arm is expected to incur a loss of up to Rs.275 crore for the quarter ended June 2021.
INSURANCE NEWS
Edelweiss General Insurance registers 49% growth in FY21
Fri, Jun 18, 2021     Source : Mint
Edelweiss General Insurance (EGI) registered a robust growth of 49% in premiums in FY21 over last year, while the private general industry grew at an average of 5.1% in the same time period.
INSURANCE NEWS
CCI clears proposed deal to acquire stake in Magma HDI General Insurance by 2 entities
Fri, Jun 18, 2021     Source : Economic Times
The Competition Commission of India (CCI) on Thursday said it has approved the proposed acquisition of a stake in Magma HDI General Insurance Company by two entities.
INSURANCE NEWS
Shocked by Covid deaths, Indians rush for life insurance
Thu, Jun 17, 2021     Source : Mint
Like many other twenty-somethings in India, Beverly Coutinho kept postponing buying a life insurance policy, until a surge in COVID-19 cases and deaths made her confront her own mortality.
INSURANCE NEWS
Policybazaar's insurance agents 'win-a-home' during work-from-home
Thu, Jun 17, 2021     Source : Economic Times
It's not just work from home for Policybazaar's top insurance agents — it's also 'win a home'.
INSURANCE NEWS
Three ways to reduce life insurance premiums
Wed, Jun 16, 2021     Source : Mint
The cost of insurance premiums should be seen as an investment, which enables your and your family's safety during uncertain times.
INSURANCE NEWS
Max Life Insurance's death claim settlement jumps 33% to Rs 885 crore in FY21
Wed, Jun 16, 2021     Source : Economic Times
Max Life Insurance on Tuesday reported a 33 per cent jump in death claim settlements to over Rs 885 crore for the financial year 2020-21.
INSURANCE NEWS
Navi General Insurance launches monthly subscription-based health insurance
Wed, Jun 16, 2021     Source : Mint
Navi General Insurance has introduced an option for customers to buy health insurance via a monthly subscription (EMI) instead of paying the annual premium upfront.
INSURANCE NEWS
IndiaFirst Life’s Micro Bachat Plan to provide enhanced security and savings
Wed, Jun 16, 2021     Source : Financial Express
This plan comes with a low premium, ensuring security and savings. Providing financial support to the insured’s family, in case of any eventuality, the plan ensures constant life cover benefits despite mis...
INSURANCE NEWS
Life insurance see 5-10x surge in Covid claims in April
Tue, Jun 15, 2021     Source : Economic Times
The second wave of Covid has pushed up claims for life insurance companies by 5-10 times for April 2021. This follows 1.9 lakh Covid-related deaths since April 1, 2021, which is 17% higher than lives lost ...
INSURANCE NEWS
Black fungus fully covered under health covers: Star Health MD
Tue, Jun 15, 2021     Source : Business Line
Insurance has to pay for any infection, bet it viral, bacterial or fungal and such claims have to be fully approved by all insurance companies and all policies, Says S Prakash
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