Page 19 - Insurance

Space technology startups want Centre to share insurance liability

Isro's risk liability on launches have been taken up by the government through a sovereign guarantee

Many Indians' intent to buy insurance doesn't lead to action: Report

Consumers spend 11% of their annual income on life insurance and 8% on health insurance, it says

IRDAI Chairman bats for more players in segment to cater India's population

As an effort to set up a conducive environment for new participants and to boost innovation in the segment, the regulatory body is said to have taken several steps

Indian insurers tweak trading strategy as bond-swap spread widens

FRAs are agreements that insurers enter into with banks to lock in rates on long-dated bonds, helping them offer guaranteed returns to policyholders

Reliance in talks with head hunters to find CEO for Jio's Insurance biz

Executives from Reliance have met several firms in recent weeks to help them map top talent across life, health and general insurance segments

Limited tailored health insurance policy options for cancer survivors

Regular plans, if offered, may permanently exclude cancer from coverage

Housing.com ties up with BOXX to provide insurance plan from cyber fraud

Real estate portal Housing.com on Monday said it has tied up with global insurtech player BOXX to offer cyber security plan for protecting its customers from digital fraud. This collaboration aims to provide digital security for Indian homebuyers by introducing the comprehensive 'Cyber Protect' plan. "With support from BOXX and Bajaj Allianz General Insurance, the plan empowers customers to safeguard their digital lives and secure them against digital fraud -- all for an affordable monthly premium of just Rs 199," Housing.com said in a statement. This added safeguard protects financial transactions and contributes to an overall secure online environment. Established in 2012 and later acquired by REA India in 2017, Housing.com is a prop-tech platform for homeowners, home seekers, landlords, developers, and real estate brokers. New homes, resale homes, rentals, plots, commercial spaces, and co-living spaces are listed on its platform.

Indians slowly gaining footing in planning for retirement: Survey

Indians are slowly making progress in retirement planning, even though the country is under-protected in terms of retirement corpus, according to a survey by Max Life Insurance. The India Retirement Index Study (IRIS), conducted in partnership with data analytics company KANTAR, showed a significant upward movement to 47 from 44. The online survey was conducted among 2,093 respondents across 28 cities in India. The index mapped respondents' views on health, finance and emotion. Max Life Managing Director & CEO Prashant Tripathy said people have started giving importance to health and are resorting to health insurance and periodic check-ups, but very few are focusing on physical activity or wellness. As per the survey, 44 per cent of the respondents have a health insurance and 58 per cent have undergone health check-ups in last three years. "People in India has been putting far greater weight to health. Zone-wise, eastern region and Tier 2 cities are making good progress in terms .

How to Determine the Correct Health Insurance Policy for Myself?

Discover the right health insurance policy for you. Learn key factors & tips to choose coverage that suits your needs. Your health, your plan.

Rainy Day Savings: 4 Car Insurance Add-On Covers That Can Rescue Your Wallet from Monsoon Mayhem. Should You Buy?

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Safeguard yourself against massive vet bills with pet insurance policy

Understand waiting periods for pre-existing diseases and the co-pay requirement before buying this policy

ESIC added 2.02 million members, 24,298 new establishments in June

The Employees' State Insurance Corporation (ESIC) added 20.27 lakh new members under the Employees State Insurance Scheme in June. Around 24,298 new establishments were registered and brought under the social security umbrella of the ESIC in June. The provisional payroll data from ESIC reveals that 20.27 lakh new employees were added in June 2023, a labour ministry statement said on Thursday. As per the data, more jobs were generated for the youth. Out of the total 20.27 lakh employees added in June, 9.77 lakh employees were up to the age group of 25 years, which translates to 48.22 per cent of the total number. Gender-wise analysis of payroll data showed that net enrolment of female members stood at 3.87 lakh in June. A total 71 transgender employees were registered under the ESI Scheme during the same period.

UK headline inflation rate easing but sugar, rent, insurance surging

fficial statistics showed the Consumer Prices Index slid to 6.8% last month from a four decade peak of 11.1% late last year

We are focussing on growing premium from non-par products: LIC chairman

We are expecting good growth in the festive season, says Siddhartha Mohanty, Chairman, LIC

Insurer Star Health announces alliance with Standard Chartered Bank

Collaboration with lender will help in offering 'tailored health insurance' to more customers, says firm

Marsh India expects growth of 20-25% in next year, says Sanjay Kedia

Marsh India has seen consistent growth year after year, crossed 8,000 corporate clients in India and the total amount of premium placed for the financial year ending March 2023, was Rs 15,000 Cr

Critical illness policy must cover ailments relevant to your family history

Go for high coverage amount and choose policy with minimal survival period condition

Snapshot of top 10 insurers offering term insurance to a 35-yr old male

Snapshot of top 10 insurers offering term insurance to a 35-yr old male

Reliance General Insurance gets Rs 200 cr capital infusion from parent

Reliance General Insurance Company Ltd (RGICL) on Monday said it has raised a capital of Rs 200 crore by issuing equity shares to debt-ridden parent entity Reliance Capital. Reliance Capital is under the resolution process as per the Insolvency and Bankruptcy Code. Infusion has been done following the lenders of Reliance Capital giving approval for the capital support to improve the solvency margin of the general insurance arm. With this capital raise, RGICL is reinforcing its commitment to financial strength and readiness to capitalize on emerging opportunities in the insurance sector, the company said in a statement. The shareholders of the company at its Extraordinary General Meeting (EGM) held on July 29, 2023, have approved infusion of capital of about Rs 200 crore in the company, by way of the issue of equity shares on a private placement basis, it said. This capital infusion is aimed at pursuing new business opportunities for growth and securing the company's position among

Reliance Capital to infuse Rs 200 cr in Reliance General Insurance

Lenders of Reliance Capital (RCAP) have approved the capital infusion in Reliance General Insurance to improve solvency margin of the general insurance arm, according to sources. The capital infusion is likely to happen by the end of August, they said. Post the capital infusion by RCAP, Reliance General Insurance will also raise an additional Rs 400 crore Tier 2 capital to accelerate growth, sources said. The capital infusion in Reliance General comes at a time when the Committee of Creditors (CoC) has approved the Resolution Plan of IndusInd International Holdings Ltd (IIHL), a Hinduja Group entity, with 99.6 per cent votes. The lenders are expected to receive Rs 10,000 crore from the IIHL's resolution plan. The administrator of RCAP has also filed the IIHL's resolution plan with the NCLT for its approval. Reliance General Insurance has in the past made multiple appeals to the CoC for the capital infusion. The general insurer had earlier this year sought Rs 600 crore capital inf