Page 8 - General Insurance

Parliament passes bill for privatisation of state-run general insurers

The General Insurance Business (Nationalisation) Amendment Bill, 2021, was passed by the Lok Sabha on August 2.

Hike in health premiums of products imminent: IFFCO Tokio MD & CEO

Anamika Roy Rashtrawar delves on raging issues in the general insurance sector such as high claims in the health segment and motor insurance returning to a growth path

Amendment to aid insurers' privatisation tabled in the Lok Sabha

General Insurance Business (Nationalisation) Amendment Bill, 2021, will allow private participation in public sector insurance companies

Bill to amend general insurance law introduced in Lok Sabha

Several opposition members had opposed the introduction of the bill, saying it will bring in foreign investors and entail total privatisation of PSU general insurance companies.

General insurance industry to grow at 7-9% in fiscal 2022, says ICRA

The growth in FY20 was strong for both PSU and private sector players which increased market share in FY21.

No immediate worry about solvency due to surge in Covid claims: Irdai chief

Irdai Chairman Subhash Chandra Khuntia talks to Subrata Panda on a range of subjects including shareholding of banks in insurance firms

IRDAI proposes regulations for designing, pricing of insurance products

Regulator IRDAI on Monday came out with draft regulations for the designing and pricing of general insurance products with a view to protecting the interest of policyholders.

ICICI Lombard: Leadership position supersedes other issues for investors

Higher investment gains continue to compensate for underwriting losses; improving product mix is positive

Irdai asks insurers to bring standard accident cover from Apr

The insurance regulator has asked general and health insurance providers to provide standard personal accident cover products

ICICI Lombard revamps health offerings in view of evolving customer needs

The insurer has launched four new plans ---- health shield, health shield plus, health elite, and health elite plus ---- that are part of its 'complete health insurance' offering

Contingency funds are more effective against sudden decline in income

Job loss covers have conditions attached

Covid-19: Irdai permits life, general insurers to conduct video-based KYC

The objective of the VIBP, Irdai said, is to leverage various electronic platforms to simplify KYC process and make it customer-friendly

Rising Covid, non-Covid claims a double whammy for general, health insurers

Insurers said while the situation had been manageable so far, going ahead, it would be a cause for concern

Unlock BFSI 2.0: Insured and safe — Insurance in the time of pandemic

In this special Business Standard webinar, the biggest names in India's insurance industry discuss the way forward for general and life insurance segments, especially in the wake of a pandemic >

Importance of Investing in Health Insurance for Senior Citizens

Life is unpredictable. Adequate health insurance is essential when rising cost of healthcare services in India

In share swap deal, ICICI Lombard to acquire Bharti AXA General Insurance

In a share swap deal, non-life insurer ICICI Lombard General Insurance Company will acquire the business of Bharti AXA General Insurance Company Ltd

Health has become biggest business in general insurance: Irdai member

The pandemic has promoted people to buy health covers, as the uncertainty around the virus and its effects are rising with the number of infections going up daily

Paytm, CEO Sharma to acquire general insurer Raheja QBE for Rs 568 crore

Raheja QBE will be acquired through QorQl Pvt. Ltd, a technology company in which Vijay Shekhar Sharma has majority shareholding.

Bharti Axa General Insurance premium income up 38% to Rs 3,157 cr in FY20

Commercial lines segment focused on SME and MSME to grow by 49% at Rs 430 crore in the year ended March 31 against Rs 289 crore in the corresponding fiscal a year earlier

Covid-19 crisis: Centre seeks Irdai, GI Council view on retrenchment cover

In a recent letter to the Prime Minister, Union Minister for Road, Transport, and Highways Nitin Gadkari had suggested the need for an insurance product that gives subsistence salary