Page 30 - Insurance Sector

Irdai invites applications for innovative ideas under regulatory sandbox

Irdai said it has created a regulatory sandbox with the objective of using new and innovative ideas with a view to accelerate the growth of the sector

Aditya Birla Sun Life open to consolidation due to Covid-19 disruptions: MD

Kamlesh Rao said that in times of socio-economic crisis like this Covid-19, 30-35% companies find it difficult to survive, while 15-20% firms outshine their peers in respective industries

It's time for a retrenchment cover

All companies should be encouraged to have an insurance policy that improves the quality of conversation between the management and the employee during layoffs

How bailout for three state-run insurers highlights Irdai's incompetence

The latest bailout also raises concerns about the need for a through relook at the quality of the managerial talent in these companies

Irdai sets up panel to study feasibility of forming a 'pandemic risk pool'

The group has to submit its report on the subject in the next eight weeks

Irdai allows life insurers to sell short term benefit-based Covid policies

Non-life insurers can sell both, benefit-based and indemnity-based short-term health covers

Planning to take a health insurance? Buy now to meet future needs

Insurers will have to approve claims after the policy is eight years old

Tips to protecting your home and hearth against natural calamities

When buying a home insurance cover, opt for reinstatement value as the sum insured

Irdai issues guidelines for standardisation of indemnity health products

Policyholders can cancel their policies at any time by giving a 15 days' notice to the insurer and the company has to refund premium for the unexpired policy period

Compensate for loss of life on duty

A Home Guard would be considered on duty from the time he set out from his home and until he returned

How the insurance sector is likely to pan out in the post Covid-19 scenario

The pandemic seems to be following the trajectory of the Great Depression for Indian insurance sector, which will be among the few that could do well coming out of the impact of coronavirus

Insurance grace period may give rise to disputes

All policies expiring during the lockdown should be deemed extended for this period and one week thereafter

How merely a change of rule can draw more FDI in sectors like insurance

Despite the presence of 24 life insurance companies and 34 non-life companies, the needle of insurance penetration in the country has hardly moved over the years

Insurance firms looks to bridge online trust deficit amid Covid--19 crisis

With customers caught in a swirl of panic and fear, life insurance companies are looking at confidence building measures for a post Covid-19 world

Gain some, lose some: What India's Covid-19 relief package means for biz

As India manages life under a 21-day lockdown, the government and the RBI have moved to help the economy and the poorest. A look at who gains from these moves and who loses out

Coronavirus: Trade credit insurance sector may see rise in claims

Trade credit insurance covers a supplier of goods and services against the risk of non-payment by its customers because of wilful default or insolvency

Yes Bank impact on key insurance players explained in numbers, chart

The investment exposures of key insurance players have been hit by ratings downgrades

A lot of unutilised space in insurance sector for foreign investment

There is headroom for foreign partners in both the life and non-life sectors within the current limits

India's insurance is one of Asia's better long-term stories: Chris Wood

In September 2019, he had bought SBI Life Insurance and HDFC Life Insurance, which now account for 5 per cent and 4 per cent weight in the above-mentioned portfolio

Budget wishlist: Insurance industry expecting more tax incentives

Life Insurance Council has sought a separate deduction in personal taxes or an increase in the present limit for the premium paid for individual life policies