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Insurance firm not liable to pay compensation for death of persons driving rashly: SC
A bench of Justices PS Narasimha and R Mahadevan refused to grant...
Axis Max Life Insurance reports cyber threat
Indian firms such as Angel One, Niva Bupa Health Insurance and Star...
Kshema General Insurance appoints Vyasa Krishna Burugupalli as its MD & CEO, to focus on Agriculture & Food Sectors
Vyasa Krishna Burugupalli, MD &CEO, Kshema General Insurance Company Hyderabad: Kickstarting its operations, Kshema General Insurance Company, the country's newest general insurance company with an exclusive focus on agriculture, has appointed Vyasa Krishna...
Principal Secretary to PM chairs high-level meeting amid COVID-19 rise, stresses on 5-fold strategy
India recorded 12,591 new Covid cases in a day, the highest in around eight months, while the active case burden increased to 65,286, according to Union Health Ministry data updated on Thursday. Rajesh Bhushan , the Secretary of Health and Family Welfare, highlighted...
India overtakes China to become most populous country: UN report
The latest UNFPA report stated that in India 25 per cent of the population constitutes children aged 0-14, 18 per cent are those aged 10-19 years, 26 per cent belong to the 10-24 age group. About 68 per cent are in the 15-64 age category, while those above 65 are just...
Heat is surging across India, Risking blackouts and even deaths
A majority of India’s 1.4 billion population work outdoors, often without protection. Many construction workers, hawkers and rickshaw pullers die each year during the summer as they don’t have the means to beat the heat. India suffers from the most pronounced...
NHA invites participation on the ‘National Health Claims Exchange-Sandbox’ under Ayushman Bharat Digital Mission
The current health insurance claims settlement process in the country is mostly manual, non-digital and laborious in nature posing challenges at every stage. The current process of exchanging claims lacks standardization across the ecosystem with most data exchange...
Women outshine men for GM promotions in PSU general insurance companies
Out of 16 vacancies of general mangers across five companies including GIC Re, 11 have been cornered by women candidates New Delhi: The public sector general insurance companies, for the first time, have seen a few senior women officers (deputy general managers)...
ICICI Lombard reports 40 pc jump in net income to Rs 437 crore in Mar quarter
Gopal Balachandran,chief financial officer and chief risk officer The key profitability metric, the combined ratio of the company stood at 104.5 in FY23 against 108.8 per cent in FY22. In the March quarter, it was 104.2 against 103.2 a year ago The insurer's...
Indian insurance industry to cross Rs10 trillion of premium and Rs 59 trillion of assets in fy2022-23:IRDAI Chief
Debasish Panda,Chairman, IRDAI ” Insurers need to further to further collaborate with insurtechs more. I would also expect insurers to engage with the Insurance Information Bureau (IIB) more closely to make it a more vibrant body where they actually become the data...
General insurers to take action against errant hospitals, to set up Health Exchange Platform for 100 % cashless settlement of policies
S Prakash, managing director, Star Health and Allied Insurance Company “We would indentify honest hospitals and reward them. We will also penalise hospitals for fraud, overcharging and deficiency in services . Insurance Information Bureau (IIB) is working on a a...
India likely to receive normal monsoon rains in 2023 -govt official
Skymet, a weather forecasting and agriculture risk solution company, expects the upcoming monsoon to be 'below normal' to the tune of 94% ( with an error margin of +/-5%) of the long period average (LPA) of 868.6mm for the 4- month long period from June to September...