Page 35 - Insurance

Metlife boosts stake in Indian JV after investment limit relaxed

The deal will boost MetLife's stake in PNB MetLife to more than 47%

Dip in Covid-specific policy sales as consumers go for comprehensive covers

However, despite losing money on short-term Covid products, insurers say they will offer them till the regulator specifies

Amid rise in cybercrimes, a cyber risk insurance can cut your losses

But also buy a comprehensive antivirus software

Enforced bumper-to-bumper cover won't work logistically or economically: HC

Withdraws its previous order, entrusts lawmakers to examine need for amendment in law on wide coverage of vehicles so as to protect victims

Insurers must reimburse Customs under marine policy

The National Commission ordered the insurer to pay the Rs 16.65 cr together with interest at 9% per annum from January 1

Irdai issues draft rules for promoting and regulating surety insurance biz

A general insurer can start a surety business if it has 1.25x the solvency margin; but if solvency goes below the required level, insurer will stop underwriting new business

Insurance woes

Recent growth masks sustained underperformance

Monopoly to oligopoly: Here's a look at 20-year journey of insurance sector

As many as 50 players have set up shop but penetration remains low and only a handful dominate the business

Streamline investment for insurance, pension funds in InvITs: NITI Aayog

A staggered approach should be followed for streamlining of investment guidelines and limits to keep pace with the growth in the InvIT market, it suggested

India's insurance companies feel the digital pinch amid Covid-19 pandemic

Globally, the insurance industry is moving to a model where insurance policies and premiums are tailored to customer profiles aided by vast technological leaps

Infosys Public Services bags contract from Manitoba Public Insurance

Infosys Public Services Inc (IPS), a subsidiary of Infosys, on Thursday said it has been awarded a contract by Manitoba Public Insurance (MPI)

Work cohesively to create India's own equity capital: FM to India Inc

Govt exploring insurance bonds as alternative to bank guarantees

FinMin exploring insurance bonds as alternative to bank guarantees

The government is considering to introduce insurance bonds as an alternative to bank guarantees, Finance Secretary T V Somanathan said here on Tuesday.

Insurer must pay declared value for total loss

The National Commission agreed with the State Commission's view that neither party had managed to prove that the price mentioned by them was the last market price

Lok Sabha passes bill to amend public sector general insurance law

Lok Sabha on Monday passed a bill to amend the general insurance law to allow the government to pare its stake in state-owned insurers.

No noticeable change in insurance coverage during Covid pandemic: Govt

The government Friday said there has been no noticeable change in insurance coverage in the country during the COVID-19 pandemic.

Top headlines: Fed on US economy, IAF deploys Rafales to counter China

Business Standard brings to you the top headlines on Thursday

Delhi HC extends insurance benefit under welfare scheme to lawyers

The Delhi High Court has held that the benefit of the Chief Minister's Advocates' Welfare Scheme shall extend to all advocates registered with the Bar Council of Delhi

Reliance Nippon Life declares Rs 306.8 cr bonus to policyholders

This bonus issuance will benefit over 685,000 participating policyholders

Govt readies amendments to GIBNA for insurance PSU privatisation

The government is working on amendments to the GIBNA Act, and a Bill for that is likely to come up in the upcoming monsoon session