Non Life-News

Contingent workforce continues to thrive in Asia Pacific: Report

Facts       Sep 23, 2018

  Companies in the Asia Pacific region including India are integrating freelancers, independent contractors and consultants at a rapid rate into their existing pool of employees, says a report.    According to a KellyOCG's Workforce Agility Barometer report, one in four C-suite leaders in Asia-Pacific reported that...

Porsche first German carmaker to abandon diesel engines

International News       Sep 23, 2018

  Stuttgart: Sports car maker Porsche said Sunday it would become the first German auto giant to abandon the diesel engine, reacting to parent company Volkswagen's emissions cheating scandal and resulting urban driving bans. "There won't be any Porsche diesels in the future," CEO Oliver Blume...

PM to launch Modicare nationwide from Jharkhand, National Insurance bags state's hybrid account

Indian News       Sep 22, 2018

  NEW DELHI: Beneficiaries of the Centre's Ayushman Bharat insurance programme or Pradhan Mantri Jan Arogya Yojana account in Jharkhand,from where Narendra Modi will roll out the flagship scheme on Sunday, have been sent a two-page customised letter from the prime minister outlining the importance and...

Jet Airways customer demands Rs 30 lakh compensation, 100 upgrades

Indian News       Sep 21, 2018

  Mumbai: One of the five Jet Airways passengers who were sent to a city hospital for treatment, has demanded Rs 30 lakh in compensation, besides 100 upgrade vouchers, alleging lack of proper care by the airline, sources in the airline have said.   The passenger has...

Compulsory personal accident cover hiked to Rs 15 lakh, premium rises to Rs 750

Indian News       Sep 21, 2018

  Hyderabad: Acting on the directives of the  Madras High Court, the insurance regulator IRDAI on Thursday has raised the limit of sum assured(SA) of  a Compulsory Personal Accident(CPA) Cover to Rs15 lakhs with immediate effect. Currently, the capital sum insured (CSI) under this section for...

Lloyd’s Chief Executive, Inga Beale

Lloyd’s returns to profit for the first half of 2018

International News       Sep 21, 2018

  London: The market’s return to profit follows the severe catastrophe experience in 2017, with the result supported by an improved combined ratio of 95.5% (June 2017: 96.9%). Lloyd’s also reported a modest increase in gross written premiums to £19.3bn (June 2017: £18.9bn), driven by improvements...

IRDAI extends deadline for filing long term motor TP products to Oct 15

Indian News       Sep 20, 2018

  Hyderabad: The insurance regulator IRDAI has extended the deadline for the filing of motor long term third party insurance /long term package covers /bundled products under the File and Use Guidelines to Oct 15.   The insurers were required to file all such products/Add-ons under the...

Florence portends more massive hurricanes in age of global warming

International News       Sep 20, 2018

  Austin: Global warming has increased the likelihood of more massive, sluggish storms like Florence, capable of dropping record amounts of rain and causing the type of catastrophic flooding that crippled North and South Carolina this week, experts said.   Most meteorologists agree that climate change can...

Indian oil refiner part-owned by Iranian company cancels Iran oil imports

Indian News       Sep 20, 2018

  NEW DELHI:  India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said.   Iran’s Naftiran Intertrade Co Ltd, a trading arm...

PMFBY revamped, Insurers must enroll 10% more non-loanee farmers

Indian News       Sep 19, 2018

  New Delhi: In a bid to streamline the claim settlement for farmers under the two year old PMFBY(Prime minister Fasal Bima Yojana),  the government has said the  insured farmers will be paid 12 per cent interest by insurance companies for the delay in settlement of...

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