Page 31 - Insurance News

Go Digit Life Insurance receives IRDAI's approval to start business

"This is the fourth registration granted by IRDAI in last one year in Life and Non-life segment," it added

Non-life insurance premium grew 18.1% to Rs 18,031.48 crore in May

New India Assurance Co Ltd, the largest government-owned general insurance player reported a growth of 9.67% to Rs 2421 crore while private sector insurer ICICI Lombard grew by 21% to Rs 1730 cr

IRCTC's 0.35 paise travel insurance for accidents: All you need to know

While booking train tickets on the IRCTC website or app, travellers have the option to avail themselves of travel insurance for a premium of just 35 paise

SBI Life to take over 200,000 policies of Sahara India Life Insurance

SBI Life, which has 990 branches across the country, serves 49,036,079 policyholders

Irdai asks SBI Life to acquire Sahara India's Life Insurance business

The decision was taken at the meeting of the Insurance Regulatory and Development Authority of India (Irdai) in view of deteriorating financial health of the SILIC

Abrdn likely to sell its 1.66% stake in HDFC Life via block deals: Report

Back in 2022, Abrdn Investment also divested a 5.58 per cent stake in HDFC AMC for more than Rs 2,300 crore through an open market transaction

What are different types of car insurance policies in India? Details here

There are many different types of car insurance policies available, each with its own set of coverage options. It is important to choose a policy that meets the needs of the car owner

Irdai to create state insurance plan mirroring SLBCs: Debasish Panda

Aim is to bring down regulations and promote innovation in the sector

SBI General unveils 'Surety Bond Bima' for infrastructure projects

This product was developed in response to the government's vision to upscale infrastructure development, SBI General Insurance, whole-time director Anand Pejawar said

Irdai forms task force to facilitate ease of doing KYC using Aadhaar

Regulator Irdai has constituted a task force to facilitate ease of doing Know Your Customer (KYC) by insurers using Aadhaar, the 12-digit individual identification number

IRDAI lowers the solvency requirement for surety bonds to 1.5 times

Removes 30% exposure limit on each contract

Regulators ask if Credit Suisse bond wipeout must trigger insurance payout

The five-year default swaps tied to Credit Suisse Group's AG's junior debt rose by 36 basis points on Thursday to 397, according to CMAI pricing

Increase in premium amount of life insurance a big concern for customers

'Company does not keep in touch' is cited as the potential reason for customers leaving, according to 22 per cent of the people, suggests the report

Irdai proposes guidelines for remuneration of core team of private insurers

Insurance sector regulator Irdai on Wednesday proposed a revised guidelines for remuneration for non-executive directors and persons in key managerial positions of private insurers

Irdai asks insurance cos to lay down social media guidelines for employees

Irdai has asked insurance companies to lay down social media guidelines for their employees to ensure that no unverified or confidential information relating to the organisation is disseminated

Bajaj Allianz declares bonus worth Rs 1,201 cr for policyholders

Offer will benefit 1.14 mn policyholders, says insurance company

Need for business insurance leads to new brand 'Policybazaar for Business'

Business Insurance penetration in India at merely 15%

LIC's knock-on effect: New business premium of insurers drops 12%

New biz premiums of private insurers jump 35% in March, aided by pick-up in sales of high-value policies

Indian insurers see steep rise in reinsurance rates in April renewals

Primary insurers transfer a portion of their risk portfolios to reinsurers by paying a certain premium to reduce the likelihood of paying a large obligation in the form of a claim

ICICI Lombard General Insurance profit rises 40% as premiums climb

The Mumbai-based insurer's March-quarter profit after tax rose to Rs 437 crore ($53.29 million), from Rs 313 crore posted a year ago