INSURANCE
Life insurers' new premium income down 16% in September
Oct 15, 2018

In September 2018, Life insurers' premium income from new business fell to Rs 17,490.68 crore from Rs 20,892.07 crore in September

INSURANCE
IRDAI in favour of allowing 100% FDI in insurance intermediaries
Oct 11, 2018

The Insurance Regulatory and Development Authority of India (IRDAI) is in the favour of allowing 100% Foreign Direct Investment (FD

INSURANCE
IRDAI allows distribution of all micro-insurance products through PoS
Oct 01, 2018

With an aim to further increase insurance penetration in the country, Insurance regulator IRDAI has allowed distribution of all mic

INSURANCE
IRDAI in process of migrating to RBC regime
Sep 12, 2018

Insurance Regulatory and Development Authority of India (IRDAI) has said it is in the process of moving towards the risk-based capi

INSURANCE
Insurance industry to hit $280 billion by FY20: Assocham
Sep 11, 2018

The Indian insurance industry is expected to grow to $280 billion by FY2019-20 aided by the government's flagship Ayushman Bharat a

INSURANCE
IRDAI ask insurers to grant 60-days grace period for health insurance premium payment
Sep 06, 2018

The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to provide 60-days grace period for payment

INSURANCE
Gross premium of non-life insurance firms increases 20% in July
Aug 23, 2018

The gross direct premium of non-life insurance companies rose to Rs 11,714.87 crore in July 2018, from Rs 9,790.07 crore in the sam

INSURANCE
IRDAI asks insurers to settle claims quickly in flood-hit areas of Karnataka
Aug 21, 2018

Insurance Regulator IRDAI has asked insurers for immediate registration and settlement of eligible claims in the flood affected dis

INSURANCE
Centre’s PMFBY scheme sees 15% decline in coverage
Aug 07, 2018

Pradhan Mantri Fasal Bima Yojana (PMFBY), the Centre’s flagship crop insurance scheme has reported a 15% fall in coverage of farmer

INSURANCE
Insurance firms to repay with 12% interest for delay in clearing claims of farmers
Aug 02, 2018

Union Agriculture Minister Radha Mohan Singh has stated that Insurance companies, which fail to clear claims of farmers for crop lo

INSURANCE
Premium income of non-life insurance firms increases around 13% in June
Jul 23, 2018

In June 2018, premium income of non-life insurance firms rose to Rs 12,947.50 crore from Rs 11,495.83 crore in June 2017, showing a

INSURANCE
General insurance premium collection surges by 12.2% in Q1
Jul 20, 2018

General insurance premium collections grew by 12.2% to Rs 37,349.40 crore in the quarter ended June 30, against Rs 33,287.04 crore

INSURANCE
South Indian Bank revises MCLR
Jul 18, 2018

South Indian Bank has revised the Marginal Cost of Funds based Lending Rates (MCLRs) applicable for multiple tenors with effect fro

INSURANCE
No vehicle insurance without valid PUC certificate: IRDAI
Jul 11, 2018

The insurance regulator IRDAI, acting tough on those violating emission norms, has said vehicles without a valid pollution under co

INSURANCE
LIC gets Rs 2,050 crore service tax notice from DGGI
Jun 18, 2018

India’s largest insurance company, Life Insurance Corporation of India (LIC) has received an Rs 2,050 crore service tax notice from

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