Page 15 - Insurance

GST Council's tax norm tweaks may ease burden on general insurers

According to insurance industry officials the decision is a big solace for the insurance & reinsurance industry as no tax can be levied on co-insurance premium and reinsurance commission

IRDAI bars unit-linked policies from being advertised as investment product

All advertisements of linked insurance products and annuity products with variable annuity pay-out option must disclose risk factors, says regulator

Planning to buy top-up health insurance? Here are factors to consider

A top-up is a type of health insurance policy that provides additional coverage for medical expenses at an affordable premium

DICGC exceeds global average with month-long depositor payout: Patra

In India, deposit insurance is mandatory for all banks, including foreign banks. As of now, 1,997 banks are covered, which includes 140 commercial banks and 1,857 co-operative banks

Insurers likely to seek clarification from Irdai on new health circular

In the case of porting policies from one insurer to another, the regulator has asked the existing insurers to provide the required details to the acquiring insurance company within 72 hours

Father's Day 2024: 35% of health insurance for dads are bought by children

This Father's Day, consider gifting your dad a health insurance policy

Major changes made by regulator in general insurance: Check details

Insurers to settle claims within seven days and surveyors to submit reports within 15 days

Policyholders can cancel policy at any time by notifying insurer: Irdai

The Irdai said retail policyholders can cancel their insurance policy at any time during its term by notifying the insurer, and will receive a refund for the remaining period of the policy

Insurance helped 46,000 women avoid deadly work during heat waves in India

With climate change raising temperatures during heat waves, millions of Indians face a difficult choice: work in dangerous conditions or go hungry

Insurers cannot deny claims for non-disclosure after issuing policy

The National Commission did not find any merit in the insurere's petition and dismissed it while upholding the state commission's order

SBI General Insurance withdraws Arogya Plus policy with effect from Oct 5

According to the press release by the company, "This decision is part of our ongoing commitment to continuously review and refine our product offerings to better serve our customers' evolving needs"

30-day free-look period for insurance policies: How to use this effectively

The free-look period has been increased from 15 days to 30 days for new policies issued after April 1, 2024

Noida-based Paytm General Insurance withdraws application with Irdai

The company will focus on its insurance distribution portfolio, moving away from making insurance products

Max Life plans to hire 30,000 agents, open up to 100 offices in FY25

Company 'targeting gain in market share', says MD and CEO Prashant Tripathy

Dixon Tech, Indus Towers among top bets of insurance companies in April 2024

Indian life insurance industry, excluding LIC of India, Nuvama said, commands an impressive aggregate equity assets under management (AUM) of nearly Rs 4.5 trillion, Nuvama said

'Pet insurance market in India to reach Rs 6,500 crore mark by 2025'

As the pet care market in India is growing at about 14 per cent and is expected to become over Rs 6500 crore by 2025, insurance companies are aggressively trying to take a share of this sector. Industry experts said insurance companies are trying to address this rapidly evolving market with bespoke plans to cater to the increasing rate of adoption of pets and the rising cost of medical treatment incurred to protect these furry companions. Future Generali India Insurance Chief Distribution Officer Ramit Goyal, said, "While pet insurance products have been in existence in India for some years now, it has witnessed a significant progression over the last few years post Covid with the rising pet ownership and affection for pets translating into a higher demand for pet insurance." India is considered to be one of the fastest-growing pet markets in the world clocking an annual growth rate of nearly 14 per cent and the country's pet care market is likely to touch USD 800 million by ...

PB Fintech Q4FY24 results: Net profit at Rs 60.19 cr, revenue up 25.4%

The company posted profits for the first time in the third quarter of FY24 at Rs 36 crore

Have some risk appetite? Invest in highly rated company fixed deposits

While they offer higher returns than bank FDs, they are not protected by deposit insurance

Public procurement order: DPIIT wants 'local content' calculation narrowed

The components include transportation, insurance, installation, profit, commissioning, training, and after-sales support

Insurers receptive to covering chronic ailments, declare PEDs honestly

By paying extra premium, you can reduce waiting period for pre-existing conditions to even one day