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Cyber insurers raise rates amid a surge in costly hacks
Mon, May 23, 2022     Source : Mint
Insurers significantly increased premiums for cyber coverage over the course of 2021, as a string of high-profile attacks and government action helped boost demand for products, data collected by industry ...
INSURANCE NEWS
Insurance firms refusing claims on flimsy grounds in many cases; shouldn't be too technical
Sat, May 21, 2022     Source : Economic Times
Insurance companies are refusing claims in many cases on "flimsy grounds", the Supreme Court Friday said while observing that they should not be too technical while settling the claims and ask for document...
INSURANCE NEWS
LIC plans makeover of investment strategy
Sat, May 21, 2022     Source : Mint
Life Insurance Corp. of India (LIC), which has often stepped in to bail out the government’s disinvestment programme and stressed lenders, plans to avoid excessive investment risks and strengthen corporate...
INSURANCE NEWS
Opt for critical illness plan with lower survival period clause: Experts
Sat, May 21, 2022     Source : Business Standard
CI plans generally offer global coverage. "Even if the insured is diagnosed with a CI outside India, this plan will make a pay-out," says Vivek Gambhir, a product head at Tata AIG General Insurance
INSURANCE NEWS
Bajaj Allianz Life Insurance declares bonus worth Rs 1,070 crore in FY22
Fri, May 20, 2022     Source : Economic Times
Bajaj Allianz Life Insurance on Thursday said it has declared a bonus of Rs 1,070 crore for its policyholders in the fiscal ended March 2022.
INSURANCE NEWS
Motor insurers asked to stop ads displaying services not part of cover
Fri, May 20, 2022     Source : Economic Times
Regulator IRDAI on Thursday asked motor insurance providers to discontinue advertisements showing services, like free pick up and drop of vehicle, which are not part of the insurance cover.
INSURANCE NEWS
Max Life launches Sustainable Equity Fund with Ulips
Thu, May 19, 2022     Source : Mint
Max Life Insurance Company Ltd. has announced the launch of Max Life Sustainable Equity Fund, a pure-equity ESG fund to encourage investments in companies that focus on environmental, social, and governanc...
INSURANCE NEWS
Life insurance: Homemakers must have a term cover of least Rs 20-50 lakh
Thu, May 19, 2022     Source : Business Standard
Homemakers Insurance: Declaring any form of income, like rent, that the homemaker earns can help her get a higher sum assured
INSURANCE NEWS
Shriram Life eyes 30% business growth on digital adoption
Thu, May 19, 2022     Source : Economic Times
Mass market life insurer, Shriram Life Insurance has set a target of 30% growth in overall gross premium in the current year as it drives deeper into rural markets and makes investments in digital channels...
INSURANCE NEWS
Max Life Insurance looks at ESG as a strategy
Wed, May 18, 2022     Source : Business Line
ESG focus expected to increase Max Life’s attractiveness to global investors over the next few quarters
INSURANCE NEWS
ICICI Lombard launches Professional Indemnity insurance for doctors
Wed, May 18, 2022     Source : Mint
ICICI Lombard has launched professional indemnity insurance for doctors. According to the press release, this policy has been curated to provide support to medical practitioners against the scope of variou...
INSURANCE NEWS
Things millennials should know while buying health insurance
Tue, May 17, 2022     Source : Mint
Generally, many buyers in their 30s or early 40s struggle to arrive at a decision on buying the right health insurance policy.
INSURANCE NEWS
PNB MetLife’s dental care plan covers fixed-benefit outpatient expenses
Tue, May 17, 2022     Source : Mint
PNB MetLife India Insurance Co Ltd has launched a dental care plan— India’s first insurance plan that covers fixed-benefit outpatient expenses and provides financial assistance with costs related to overal...
INSURANCE NEWS
Paytm to file for new license, says bullish about its roadmap for general insurance
Mon, May 16, 2022     Source : Economic Times
Digital payments and financial services company Paytm on Sunday said it will seek a nod for a new general insurance license with a fresh application, aimed at gaining majority shareholding with a 74 per ce...
INSURANCE NEWS
Govt invites applications for post of whole-time member at Irdai
Mon, May 16, 2022     Source : Mint
The department of financial services under the ministry of finance has invited applications for the post of whole-time member (life) at insurance regulator, the Insurance Regulatory and Development Authori...
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