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As tensions mount in Red Sea, freight charges, insurance premiums may surge further
Tue, Apr 23, 2024     Source : Economic Times
Freight charges and insurance premia for shipping vessels plying on global routes are expected to firm up with heightened tensions between Iran and Israel.
INSURANCE NEWS
IRDAI omits age restriction on health insurance for 65-year-olds in India
Mon, Apr 22, 2024     Source : Mint
The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age limitation to buy health insurance.
INSURANCE NEWS
India govt open to selling stake in GIC Re, LIC in FY24/25, says source
Sat, Apr 20, 2024     Source : Economic Times
The Indian government is open to a minority stake sale in General Insurance Corporation of India (GIC) and Life Insurance Corporation of India (LIC) in financial year 2024/25 after assessing investor appet...
INSURANCE NEWS
Life insurers log 15.6% growth in new biz premium in March, shows data
Sat, Apr 20, 2024     Source : Business Standard
In the financial year ended March 31, 2024, NBP grew 2 per cent, mainly due to LIC, which saw a decline of 4 per cent. Private sector players reported a growth of 12 percent in FY24
INSURANCE NEWS
Aegon Life Insurance gets new identity, will now be called "Bandhan Life'
Sat, Apr 20, 2024     Source : Economic Times
Bandhan Financial Holdings has officially taken over Aegon Life Insurance and the latter will now be called Bandhan Life.
INSURANCE NEWS
Why you should renew your car insurance policy on time?
Thu, Apr 18, 2024     Source : Economic Times
Car insurance is an important document that can protect you from legal issues and financial woes.
INSURANCE NEWS
Health insurers leave general insurance industry far behind in growth in FY24
Sat, Apr 13, 2024     Source : Economic Times
India's standalone health insurers grew two times faster than the general insurance industry in FY24, ToI reported on April 12 citing data from the General Insurance Council.
INSURANCE NEWS
ICICI Lombard ties up with Policybazaar to offer insurance products
Wed, Apr 10, 2024     Source : Business Standard
The partnership will significantly augment insurance distribution, ensuring that comprehensive coverage reaches every corner of the nation through the convenience of a seamless digital platform
INSURANCE NEWS
HDFC ERGO introduces Paws n Claws, an all-inclusive insurance plan that covers pet diagnostics
Wed, Apr 10, 2024     Source : Mint
HDFC ERGO General Insurance has introduced Paws n Claws, an extensive insurance policy designed for pet dogs and cats.
INSURANCE NEWS
High base, change in product mix to weigh on life insurers' margin in Q4
Wed, Apr 10, 2024     Source : Business Standard
In March 2023, there was a surge in the sale of high-value non-participating policies after the Union Government's revision in taxation norms
INSURANCE NEWS
General Insurance industry grows 12.78% in FY24
Tue, Apr 09, 2024     Source : Economic Times
The general insurance industry reported a growth of 13% in FY24, the pace of expansion slowing from a year before on a decline in agri insurance.
INSURANCE NEWS
Crop insurance cover expands 27% in FY24
Mon, Apr 08, 2024     Source : Financial Express
Jharkhand, Telangana rejoin scheme; Gujarat and Bihar to follow
INSURANCE NEWS
How to open an e-Insurance account, documents required, how to convert
Mon, Apr 08, 2024     Source : Economic Times
Effective 1 April, the Insurance Regulatory and Development Authority of India (Irdai) has mandated all policies to be issued digitally, in line with regulations to protect policyholders’ interests.
INSURANCE NEWS
IRDAI raises concern over Hinduja Group-led IIHL bid for Reliance Capital
Mon, Apr 08, 2024     Source : Economic Times
Insurance regulator IRDAI has expressed some reservations over Hinduja Group firm IndusInd International Holdings' (IIHL) resolution plan for debt-ridden Reliance Capital, which is also in the insurance bu...
INSURANCE NEWS
Future Generali India Insurance appoints Ramit Goyal as chief distribution officer
Fri, Apr 05, 2024     Source : Economic Times
Future Generali India Insurance Co (FGII) has elevated Ramit Goyal as its chief distribution officer with effect from April 1.
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