insurance

Insurance regulator asks insurers to sell, renew COVID-19 risk cover

Insurance regulator asks insurers to sell, renew COVID-19 risk cover

With complaints of life and non-life insurers not selling or renewing standard coronavirus specific health insurance policies Corona Kava...Read More

LIC booked profits in Q4 while MFs,  insurance players cut equity investments; here's why

LIC booked profits in Q4 while MFs, insurance players cut equity investments; here's why

Insurance behemoth LIC opted for profit-booking by selling its equity stakes in companies during the March quarter, a report said on Mond...Read More

Choice Group launches fintech aggregator platform to address low insurance penetration

Choice Group launches fintech aggregator platform to address low insurance penetration

In a bid to empower the average Indian mitigate his risks with the appropriate insurance products; Choice Group has launched a fintech ag...Read More

Axis Bank board okays reclassification of New India Assurance Co Ltd as 'public investor' from 'promoter'

Axis Bank board okays reclassification of New India Assurance Co Ltd as 'public investor' from 'promoter'

Public sector insurer The New India Assurance Co Ltd (NIACL) has been reclassified as a 'public shareholder' of Axis Bank from being a 'p...Read More

Insurance potential to drive VC investments in India: KPMG

Insurance potential to drive VC investments in India: KPMG

Venture capital (VC) in India was robust in Q1 2021 with a wide range of sectors attracting 100 million dollar plus funding rounds includ...Read More

Private offices with exceptions to remain shut in Maharashtra; violators will be fined Rs 500: Find out which offices fall under exceptions

Private offices with exceptions to remain shut in Maharashtra; violators will be fined Rs 500: Find out which offices fall under exceptions

Private offices, except in the banking and insurance sectors, will remain shut in Maharashtra from Monday night when strict restrictions ...Read More

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Magma Fincorp to sell stake in insurance venture Magma HDI in Rs 525-crore deal

Magma Fincorp will pare its shareholding in insurance venture Magma HDI by selling stake to ICICI Venture, Morgan Stanley PE, a Poonawall...Read More

Survey finds insurance as most preferred financial product to protect family post-COVID

Survey finds insurance as most preferred financial product to protect family post-COVID

According to a consumer confidence survey on the impact of COVID-19 commissioned by research agency Nielsen, life insurance turned out to...Read More

Centre to infuse Rs 3,000 crore in National Insurance, Oriental Insurance and United India Insurance in Q4 FY21

Centre to infuse Rs 3,000 crore in National Insurance, Oriental Insurance and United India Insurance in Q4 FY21

In a bid to improve the financial condition of the state-run general insurance companies, the Finance Ministry will put in additional Rs ...Read More

New premium of life insurance firms rises 3.7% to Rs 21,390 crore in January

New premium of life insurance firms rises 3.7% to Rs 21,390 crore in January

The new business premium of life insurance companies grew 3.72 per cent at Rs 21,389.70 crore in January 2021, data from Irdai showed on ...Read More

Budget 2021: Increasing FDI in insurance is a move to privatise LIC after the IPO, says former Bank Union General Secretary

Budget 2021: Increasing FDI in insurance is a move to privatise LIC after the IPO, says former Bank Union General Secretary

While the industry praised the government for going strong on disinvestment and privatisation plans, there are some voices against this ...Read More

ICICI Lombard becomes first private insurance company to set up IFSC insurance office in GIFT City

ICICI Lombard becomes first private insurance company to set up IFSC insurance office in GIFT City

ICICI Lombard General Insurance, private sector non-life insurance company has received approval from ‘International Financial Services C...Read More

Budget 2021: Insurance sector budget announcements presages deal activity

Budget 2021: Insurance sector budget announcements presages deal activity

At the beginning, expectations had been geared towards the taxation front in the insurance sector e.g. bring parity between pension prod...Read More

Budget 2021: Do away with GST on pension plans, suggests Prashant Tripathy, MD&CEO of Max Life Insurance

Budget 2021: Do away with GST on pension plans, suggests Prashant Tripathy, MD&CEO of Max Life Insurance

The COVID-19 pandemic has made people, businesses and governments around the world assess their priorities and think about how to revita...Read More

Indian insurers prepared to withstand economic downturn: Moody's

Indian insurers prepared to withstand economic downturn: Moody's

Indian insurance firms are geared to withstand the economic downturn, as premium growth in general insurance segment will remain in posit...Read More

IRDAI panel suggests standard professional indemnity policy

IRDAI panel suggests standard professional indemnity policy

An IRDAI panel has suggested standardisation of the professional indemnity policy under which insurance cover can be provided to brokers,...Read More

Budget 2021: Govt may ease FDI norms for insurance companies

Budget 2021: Govt may ease FDI norms for insurance companies

FDI limit likely to go up in insurance from 49 per cent to 74 per cent

Max Life’s Aalok Bhan: Champion of the ‘customer backwards’ approach

Max Life’s Aalok Bhan: Champion of the ‘customer backwards’ approach

Aalok Bhan, Chief Marketing Officer, Max Life, shares invaluable insights gathered over a marketing career of close to three decades, and...Read More

WhatsApp bets on 'sachet’ insurance in India

WhatsApp bets on 'sachet’ insurance in India

The Facebook-owned company noted that its 'Payments' feature is now available to users across the country (currently up to 20 million use...Read More

Insurance co told to pay Rs 63 lakh to kin of 2 farmers killed in road mishap

Insurance co told to pay Rs 63 lakh to kin of 2 farmers killed in road mishap

The insurance company had denied the claims for compensation and said that the negligence was not on the part of the truck driver, but on...Read More

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