Page 5 - Insurance

New India Assurance shares jump 15% post Q1 earnings; details here

On Wednesday, shares of New India Assurance closed at ₹202.62, up 16.77% on the National Stock Exchange.

2 out of 5 Indians have health insurance, gap worse in rural India: Report

Millions without adequate cover as awareness, affordability and access issues persist, it says

Bajaj Finserv Q1 results: Consolidated net profit rises 30% to Rs 2,789 cr

The company's profit rises to Rs 2,789 crore, driven by growth in interest income and insurance premiums

Dahi Handi: Maha to insure 150K 'Govindas'; payout of ₹10 lakh for fatality

The Maharashtra government has announced insurance coverage to 1.5 lakh 'Govindas' taking part in Dahi Handi festivities with a maximum payout at Rs 10 lakh in case of death, a move coming less than a month before the popular festival. During the Dahi Handi festival, part of Janmashtami celebrations, Govindas (youngsters) form human pyramids to smash a pot of milk, curd and butter suspended at a height, in a playful re-enactment of Lord Krishna's childhood antics. The insurance package will cover accidental injuries (sometime fatal) caused during the formation of human pyramids. The state government will bear the insurance costs for registered participants forming human pyramids during the popular festival, which will be celebrated on August 16 this year, according to a government resolution (GR) issued on Wednesday. The Maharashtra State Govinda Association, Mumbai, has been designated to verify the training, age and participation of Govindas, and submit their details to the ...

Mobile phone insurance: How to avoid claim rejections during rains?

Water damage cover isn't guaranteed in all phone insurance plans. Experts explain what's included, what's not, and how to avoid claim rejections during rains.

Tesla's entry into India to bring innovation in EV insurance space

Tesla's entry into India will drive innovation in the EV insurance market, prompting insurers to rethink product offerings and embrace technology-driven solutions

Irdai may curb Kiwi Insurance's retail health plans over promoter links

Insurance sector regulator Irdai may restrict Kiwi General Insurance from offering retail health products to avoid direct overlap, as the promoter of the non-life firm, WestBridge Capital, also holds a majority stake in leading standalone health insurer Star Health and Allied Insurance, sources said. Under existing regulations the same promoter cannot hold stake in two similar nature insurance firms. With about 60 per cent stake in Kiwi General Insurance, WestBridge now effectively holds a significant stake in companies that will both operate in the retail health insurance segment. It currently holds about 40 per cent stake in Star Health and Allied Insurance Company Ltd, as per information available on the BSE. However, public sector banks have got regulatory forbearance from Insurance Regulatory and Development Authority of India (Irdai) following the consolidation exercise undertaken in 2020. "This is the first time in the industry that the regulator is faced with a scenario whe

R Doraiswamy takes charge as LIC's MD & CEO for a three-year term

R Doraiswamy, a LIC veteran with over 39 years' experience, has been appointed MD & CEO for three years as the insurer sees a major reshuffle in its top management

Indian insurers urge IRDAI to revamp bond valuation to boost debt market

Insurance companies are seeking a shift to a method that values bonds individually, for example differentiating between debt issued by state-run firms and private companies

Irdai unlikely to act against bancassurance despite mis-selling fears

Insurance regulator finds bancassurance mis-selling not alarming and rules out coercive curbs while continuing to advise insurers to list for transparency and governance

To be inclusive, insurance will need a mix of tech and human touch

While digital channels drive accessibility and cost efficiency, physical touch points build confidence and cater to the underinsured segments

Bank's group coverage: Affordable, easier to acquire; but check for limits

Group insurance from banks may be affordable and easy to onboard but customers must watch for coverage limits, exclusions, and renewal risks before signing up

Marine insurers monitoring Israel-Iran war, may have to up coverage rates

In case the war escalates, insurers can cancel war risk coverage, and increase marine insurance rates

Women rank term insurance as top choice to secure child's future: Survey

Women prefer term insurance plans with child income security, according to Bajaj Allianz Life

Mphasis joins hands with Sixfold to provide AI solution to insurers

This collaboration follows the trend of adoption of AI technology in the insurance sector

Crash likely to trigger claims up to $150 mn for insurers, reinsurers

About 10 per cent of the claims are likely to come on the books of Indian insurers and reinsurers, according to industry observers

Non-life insurers' premium rises 6.3% in May, led by health players

Non-life insurance premiums rose to ₹22,126.72 crore in May 2025, with robust contributions from standalone health and specialised insurers despite regulatory format changes

New business premium of life insurers in May grows around 13%, shows data

Individual business grew 3.35 per cent Y-o-Y to Rs 10,611 crore, while group business expanded by 18.4 per cent Y-o-Y to Rs 19,851.8 crore

Protean eGov Tech bags order worth ₹100 cr from Bima Sugam Marketplace

Protean will serve as the Technology Solution Provider for Bima Sugam, handling full development, integration, and maintenance of the digital insurance marketplace

Beware if bank staff says insurance purchase mandatory for loan approval

Your guard should also go up if undue pressure is applied to purchase a policy immediately