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INSURANCE NEWS
'Extend vehicle insurance validity,' private transport operators urge insurance regulator
Tue, Jul 07, 2020     Source : Mint
Private passenger transport operators' body Bus & Car Operators Confederation of India (BOCI) has requested insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) to extend veh...
INSURANCE NEWS
New auto insurance scheme: No compulsory deductible, service warranty on car repair
Mon, Jul 06, 2020     Source : Mint
In a bid to provide relief to customers, Liberty General Insurance recently launched ‘Liberty Assure’ service as a part its existing Private Car Package Policy.
INSURANCE NEWS
COVID-19 health insurance: This policy will cover quarantine expenses as well
Sat, Jul 04, 2020     Source : Mint
In the wake of coronavirus pandemic, the Edelweiss General Insurance has extended their COVID-19 policy to those who are under quarantine in facilities identified the government.
INSURANCE NEWS
Irdai examining surety bonds for road contracts amid Covid-19 crisis
Sat, Jul 04, 2020     Source : Business Standard
Now, the Insurance Regulatory and Development Authority of India (Irdai) has set up a nine-member working group to study the legal framework and suitability of the Indian insurance industry
INSURANCE NEWS
New vehicle owners will have to buy these insurance covers as long-term motor policy will go from Aug 1
Sat, Jul 04, 2020     Source : Economic Times
Move will help new vehicle buyers as they will not have to pay a huge premium cost upfront.
INSURANCE NEWS
Union Bank revamps Insurance distribution channels post amalgamation
Sat, Jul 04, 2020     Source : Business Standard
Bank executives said Reliance General Insurance is no longer part of tie-up under new arrangement
INSURANCE NEWS
Life Insurance: Why you need to have a term insurance cover
Fri, Jul 03, 2020     Source : Financial Express
Term insurance has evolved from being a pure risk low cost life insurance policy, to one which is feature-rich and packed with risk covers.
INSURANCE NEWS
Cyber insurance still at a nascent stage in India
Fri, Jul 03, 2020     Source : Financial Express
According to the Internet Crime Report for 2019, released by FBI's Internet Crime Complaint Centre, India ranks third among the top 20 countries that are victims of cybercrimes
INSURANCE NEWS
New motor insurance scheme lets you pay premiums only when you drive. How it works
Wed, Jul 01, 2020     Source : Mint
Amid coronavirus outbreak, several insurance companies are introducing 'pay as you drive' policies for the customers.
INSURANCE NEWS
Future group eyes insurance biz sale to SBI General, Premji Invest
Wed, Jul 01, 2020     Source : Business Standard
The Future group holds 51 per cent in the general insurance business, while the rest is owned by Italy's Generali group.
INSURANCE NEWS
Exide Life hopes to match its FY20 business performance this fiscal: CEO
Tue, Jun 30, 2020     Source : Mint
Notwithstanding the challenges posed by the coronavirus pandemic, Exide Life Insurance Co Ltd with a focus on customer retention and speedy claim settlement hopes to match its FY20 business performance thi...
INSURANCE NEWS
Covid-19 crisis should be used to sell health insurance for the long term
Tue, Jun 30, 2020     Source : Mint
It may come as no surprise that covid-19 has accelerated awareness about health insurance; more and more people are now buying a cover.
INSURANCE NEWS
LIC puts Rs 64,000 crore into markets despite Covid
Tue, Jun 30, 2020     Source : Economic Times
India’s largest insurer has likely invested Rs 48,000 crore in sovereign bonds, with more than 80 per cent in central debt.
INSURANCE NEWS
National Insurance Awareness Day 2020: How technology is changing insurance industry
Mon, Jun 29, 2020     Source : Financial Express
The pandemic upheaval has changed people’s outlook towards insurance. It has made people value the importance of insurance and apprehend the consequences of not having one.
INSURANCE NEWS
‘No need for covid-specific policy, we require comprehensive health plans’
Mon, Jun 29, 2020     Source : Mint
Krishnan Ramachandran, managing director and chief executive officer of Max Bupa Health Insurance Co. Ltd, has spent over two decades in the insurance sector.
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