Thursday, 09 July 2020
India Insurance News
India Insurance News
Read Top India Insurance News Headlines and Daily Updates in English
Cabinet approves capital infusion of Rs 12,450 crore in three public sector general insurance companies
The Union Cabinet on Wednesday approved capital infusion of Rs 12,450 crore in three public sector general insurance companies....
Future Generali announces increments in wake of pandemic
General insurer Future Generali India Insurance has announced promotions, annual increments and variable payouts to all its employees. ...
IRDAI sets up group to find space for selling Surety Bonds
The Insurance Regulatory and Development Authority of India (IRDAI) has set up a nine member working committee to look at the possibility of Indian non-life insurers offering Sure...
After auto insurance, BSE Ebix Beta launches health insurance
BSE Ebix Insurance Broking, a joint venture of BSE and Ebix Fincorp Exchange, on Wednesday announced the beta launch of health insurance on its platform by enrolling Religare Heal...
Max Life Insurance claims paid ratio at an all-time high of 99.22 pc
Max Life Insurance Co Ltd said on Tuesday it paid 15,342 death claims amounting to Rs 563 crore in the financial year 2019-20, thus achieving an all-time high individual death cla...
SBI General Insurance posts lower underwriting profit for FY20
Non-life insurer SBI General Insurance on Monday said it had closed last fiscal with a net profit of Rs 412 crore and a lower underwriting profit of Rs 61 crore. ...
Grace period for life insurance policies extended till May 31
Insurance regulator IRDAI has again extended the grace period for premium payment or renewal of life insurance policies, which were due in March, till May 31. ...
SBI General Insurance launches Arogya Sanjeevani health insurance policy
SBI General Insurance launched the standard health insurance policy - Arogya Sanjeevani health insurance policy SBI General Insurance....
Vizag gas leak brings back focus on Public Liability Insurance
The gas leak at LG Polymers India Private Ltd in Visakhapatnam in Andhra Pradesh has brought back the focus on the Public Liability Insurance, said insurance experts. ...
Fire risk cover for unoccupied premises till May 17: National Insurance
In a proactive move that will comfort fire insurance policy holders, government-owned National Insurance Company Ltd has announced that there will be continuity in the insurance c...
Covid-19 all round impact for non-life insurers: Experts
A combination of factors like reduction in premium (new and renewal), constant fixed costs, increase in claims outgo, reduced investment income and the economic slowdown are going...
Rs 15.75 cr Covid-19 health insurance claims lodged till date
A total of about 790 health insurance claims amounting to about Rs 15.75 crore for Covid-19 have been lodged with the non-life insurers across the country till date, said an indus...
Inform policyholders about unoccupied properties, IRDAI tells insurers
The Insurance Regulatory and Development Authority of India (IRDAI) on Thursday advised non-life insurers to inform policy-holders about properties remaining unoccupied after May ...
Bharti AXA General partners with PolicyBazaar for 'Usage-based Motor Insurance'
Leading private non-life insurer Bharti AXA General Insurance on Wednesday announced its partnership with leading web aggregator PolicyBazaar.com to sell 'Usage-based Motor Insura...
Mixed reactions to Irdai asking insurers to refrain from paying dividend
Insurance industry experts voiced mixed views on Indian insurance regulator asking listed and unlisted insurers -- life/general/reinsurance -- to refrain from paying dividend to s...
GIC warns against agents promising claims for loss of profit
With some insurance consultants and brokers advising their clients to lodge a claim under their Business Interruption or Loss of Profit policies with non-life insurers and also go...
'Covid-19 claims are at 2.5 times average health insurance'
The Covid-19 claim amount is nearly 2.5 times of the average claims amount paid, said a top official of a standalone health insurer. ...
Anamika Rashtrawar elavated as MD, CEO of IFFCO Tokio General Insurance
Anamika Roy Rashtrawar has been appointed as the Managing Director and CEO of IFFCO Tokio General Insurance Company Ltd, which makes her the first woman of a large private sector ...
New India Assurance initiates risk coverage for health workers
Public sector insurance company New India Assurance on Monday announced the commencement of the risk coverage of Rs 50 lakh per healthcare personnel in treating coronavirus positi...
Max Life Insurance and Yes Bank celebrate 15 years of their strategic bancassurance relationship
Max Life Insurance Co Ltd and Yes Bank Limited, India's 4th largest private sector Bank, are celebrating the completion of 15 years of their strategic bancassurance relationship p...
Dell launches premium XPS consumer laptops in India
Instagram brings TikTok-like short videos to India with 'Reels'
Zoom Video launches new hardware as a service
Stokes will lead England from the front, believes Tendulkar
Students taking combination of in-person, online courses can get visas: US
Hina Khan: TV actors don't get a fair chance in Bollywood
Brenock O'Connor: Not looking to get out of 'Game Of Thrones' shadow
Deepika Padukone 'grateful' for 50mn love coming her way on Instagram
'Black Panther' star Danai Gurira: I'm hoping for racial justice
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