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Regulatory Revamp: IRDAI approves Bima Sugam, unveils 8 new principle-based consolidated regulations
Debasish Panda, chairman, IRDAI These new regulations encompass...
V Jagannathan’s new health insurance venture `Galaxy Health’ receives IRDAI nod
V. Jagannathan Galaxy Health and Allied Insurance Company is a...
ICICI Lombard’s net profit rises by 28.5% to Rs398 crore in Apr-Jun Qtr,combined ratio at 99.7%
The capital gains of the company was lower by 56.1 per cent y-o-y at Rs 60 crore in Q1 FY2021 compared to Rs 138 crore in Q1 FY2020.
A multiple factors like lower claims in other segments like motor and health(non-Covid -19 category) fire and crop have helped the company to record a favourable combined ratio and profitability during the June quarter, said analysts.
Consumer goods demand is back to near pre-covid level: Nielsen
According to Nielsen, both urban and rural sales are growing but the recovery/sales from the undeveloped semi-urban/rural quarters are much faster and traditional trade channels as neighbourhood and Kirana stores have scored over modern trade outlets as retail outlets and hypermarkets.
Compared with other global markets such as China, Malaysia, Indonesia and Thailand, the industry in India has witnessed a dela
Record single day Covid-19 cases of 30k push tally near to one million,death toll climbs to 24,915
Covid-19 claims from govt authorised make-shift hospitals payble by insurers:IRDAI
In order to ensure that the costs of treatment of COVID – 19 are covered as per the terms and conditions of policy contract, a make-shift or temporary hospital permitted by Central / State government will be also regarded as a hospital or network provider and insurers have to settle the claims, said IRDAI on Thursday.
Floods ravage eastern India as coronavirus infections surge
The floods have killed at least 10 people and injured more than 70 in the states of Assam, Bihar and Jharkhand, where heavy rain has submerged thousands of villages in the past 24 hours as authorities battle to ensure social distancing in relief camps.
International flights to US,France begins tomorrow; Germany and UK to follow soon:MinisterPuri
Scheduled international passenger flights have been suspended in India since March 23 due to the coronavirus pandemic.
Capital infusion in 3 state-owned insurers ‘credit positive’,says Moody’s
“After the capital injection we expect renewed focus on improving the insurers’ risk management and profitability. We expect the insurers to enhance their risk-based pricing and underwriting discipline to ensure organic capital growth and attract foreign reinsurance coverage, which will further aid capital adequacy,” Moody’s said.
India tops a million coronavirus cases as pandemic hits villages
India recorded 34,956 new infections on Friday, taking the total so far to 1.004 million, with 25,602 deaths from COVID-19, federal health ministry data showed. That compares to some 3.6 million cases in the United States and 2 million in Brazil – both countries with populations under 400 million.
Epidemiologists say India is still likely months away from hitting its peak of cases, suggesting the country’s already overburdened healthcare system will come under further strain.
India’s tech hub Bengaluru, other towns back in lockdown amid COVID-19 surge
In all, India has 906,752 cases of the novel coronavirus with 28,498 new infections reported on Tuesday, according to data from the federal health ministry, the third highest total in the world behind Brazil and the United States.
Single-day spike of 29,429 COVID-19 cases in India
Of the 582 new deaths reported, 213 are from Maharashtra, 85 from Karnataka, 67 from Tamil Nadu, 43 from Andhra Pradesh, 35 from Delhi, 28 from Uttar Pradesh, 24 from West Bengal, 14 each from Bihar and Gujarat , 10 each from Madhya Pradesh and Telangana.
63.24 per cent of patients have recovered so far