by AIP Online Bureau | Dec 27, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life
The public sector insurers’ underwriting losses, with OIC’s largest losses of Rs 7,500 crore, constituted 77 per cent of non-life industry losses amounting to Rs 25,317 crore and remaining by private sector insurers amounting to Rs 8,699 crore, said...
by AIP Online Bureau | Dec 27, 2023 | Eco/Invest/Demography, Health, Indian News
The report stated that arsenic was detected in groundwater in parts of 230 districts across 25 states while fluoride was found in some pockets of 469 districts in 27 states, the tribunal noted in a recent order New Delhi: The National Green Tribunal has issued notices...
by AIP Online Bureau | Dec 27, 2023 | Indian News, Life, Regulation
During 2022-23, the life insurance industry recorded premium income of Rs 7.83 lakh crore registering 12.98 per cent growth De-growth of 2.21 per cent in the number of new policies issued Benefits paid on account of surrenders /withdrawals increased by 25.62 per cent...
by AIP Online Bureau | Dec 27, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation
The country’s insurance penetration has fallen as the insurance penetration of domestic life insurance sector is reduced from 3.2 per cent in 2021-22 to 3 per cent in 2022-23 and the same for non-life Insurance sector remained at 1 per cent in both these years, said...
by AIP Online Bureau | Dec 27, 2023 | Indian News, Life
Many insurers have set up operations in the GIFT City. HDFC Life International, India First Life and Tata AIA Life have already ventured into the City while SUD Life, ICICI Pru Life Insurance, Care Health and Star Health Insurance have sought licenses to operate from...
