Insurance industry lacks human capital in administration: Irdai member
Wed, Oct 04, 2023     Source : Business Standard
He further said that the lack of skilled professionals has affected the Assets under Management (AUM) of these companies
Bajaj Allianz faces Rs.1,010 crore GST demand notice
Wed, Oct 04, 2023     Source : Mint
Bajaj Allianz gets GST demand notice for ?1,010 crore on Tuesday.
LIC gets income tax penalty notice of Rs 84 crore; insurer to file appeal
Wed, Oct 04, 2023     Source : Economic Times
Life Insurance Corporation (LIC) on Tuesday said that the Income Tax Department has demanded Rs 84 crore penalty pertaining to three assessment years and the Corporation has decided to file an appeal again...
Policyholders are increasingly taking insurance companies to consumer court
Wed, Oct 04, 2023     Source : Economic Times
The Department of Consumer Affairs has taken proactive measures to resolve cases in consumer courts, prompting individuals to reach out to the concerned regulatory body with their grievances.
If you don't have trust in insurance, then what must you do?
Tue, Oct 03, 2023     Source : Economic Times
Insurance has been there even before we evolved into human beings. It existed in the animal world and the earliest forms of civilization, and it shall exist till there is life on this planet.
True North to sell 20% in Niva Bupa for Rs 2,700 crore
Sat, Sep 30, 2023     Source : Economic Times
Homegrown private equity firm True North on Friday said it has agreed to sell 20% of its stake in Niva Bupa, a health insurance company, to its joint venture partner Bupa, a UK-based healthcare services an...
Factors one should consider when buying critical illness insurance cover
Fri, Sep 29, 2023     Source : Mint
With new diseases coming to the fore, discovery of new line of treatments and rising medical costs, the need of having a critical illness insurance cover is growing day by day.
ICICI Lombard says it has got Rs 1729 cr tax demand from GST Intelligence
Fri, Sep 29, 2023     Source : Business Standard
General insurer says it will file a response to the notice based on advice from its tax advisors
Tata AIG General, HDFC Ergo raising Rs 800 crore debt
Thu, Sep 28, 2023     Source : Economic Times
Tata AIG General Insurance and HDFC Ergo are raising as much as ?800 crore selling bonds as they seek to enhance solvency in anticipation of a likely surge in demand for fresh insurance policies.
LIC lapsed policy: Get up to Rs 4,000 concession on reviving lapsed LIC policy till this date
Wed, Sep 27, 2023     Source : Economic Times
The Life Insurance Corporation (LIC) has launched a special campaign for the reactivation of expired policies in order to continue providing risk cover in these unsettling times.
This LIC single premium life insurance plan will end on September 30
Tue, Sep 26, 2023     Source : Economic Times
The Life Insurance Corporation of India (LIC) Dhan Vriddhi, a single premium life insurance plan, will end on September 30, 2023, according to the post on LIC’s official X handle (previously known as Twitt...
All-in-one affordable insurance cover, Bima Vistaar, to be rolled out soon
Tue, Sep 26, 2023     Source : Business Line
Product design, other modalities are in final stage
ICICI Lombard General Insurance appoints Sanjeev Mantri as MD & CEO
Mon, Sep 25, 2023     Source : Business Standard
He will take over from Bhargav Dasgupta, who will be officiating his duties until the close of business hours on 30 November 2023
Govt considers giving financial creditor status to insurers issuing surety bond during resolution
Mon, Sep 25, 2023     Source : Economic Times
To make surety bond business more attractive, the government is looking at making relevant changes in the Insolvency and Bankruptcy Code (IBC) to consider insurers as financial creditor in case of default ...
Why your need for life insurance is much more than you think
Mon, Sep 25, 2023     Source : Financial Express
Life insurance meets major needs for a family’s financial protection. Ironically, people are not fully aware of this aspect of life insurance.
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