The court rejected the argument absolving the insurer(Bajaj Allianz...
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Public Insurance Registry to modernise information architecture of insurance sector:Seth
Ajay Seth, chairman, IRDAI `By enabling standardised, consent-based...
Government to expand insurance coverage to 25,000 gram panchayats: Sitharaman
25,000 gram panchayats will be covered this time, with gram...
Mediclaim policy amount can’t be deducted from medical expenses compensation: HC
The full bench was hearing an appeal filed by the New India Assurance Co Ltd against a judgment of the Motor Accident Claims Tribunal awarding monetary compensation up and above the medical expenses. The insurance company claimed medical expenses were also covered...
SBI Gen pays its first parametric claim of Rs1.06 cr for Nagaland’s natural disaster losses
“Our parametric insurance model ensures that financial assistance reaches the affected communities and regions without delays, helping strengthen resilience against natural disasters. As climate variabilities increase, parametric insurance plays a vital role in...
Except West Bengal, all states and UTs have been onboarded for Ayushman Bharat scheme: Nadda
More than 8.9 crore hospital admissions worth Rs 1.26 lakh were authorised under AB-PMJAY since its inception till March 1, 2025, Union Health Minister J P Nadda said New Delhi: Except for West Bengal, all states and Union Territories across the nation have been...
82 pc PwDs lack insurance 42 pc unaware of AB-PMJAY: Survey
"Health insurance isn't a privilege for persons with disabilities, it's a necessity for survival. The Delhi High Court's ruling on insurance was a milestone, yet private insurers continue to deny coverage. There is a vacuum in awareness and accessibility," Arman Ali,...
200 aircraft leased out from Gift City: Civil Aviation Minister Naidu
India had 340 aircraft in 2014 and that number has increased to 840 and airlines have placed orders for 1,700 planes. "We are bringing a law to ratify Capetown Convention which will reduce the leasing costs by 8-10 per cent. The reduction in leasing costs will trickle...
Hinduja Group’s IIHL takes over Reliance Cap as lenders withdraw NCLAT petition
The Committee of Creditors (CoC) of Reliance Capital has informed NCLAT that the resolution plan was completely implemented by IIHL with the transfer of complete payment amounts in terms of the resolution plan Mumbai: Lenders of debt-ridden Reliance Capital have...
Insurance industry not expecting any large claims out of earthquake damages in Myanmar and Thailand
This is a significant human tragedy. Unfortunately, there will be a notable protection gap highlighting the continuing need to bring more insurance capital into emerging markets. In comparison to primary perils such as typhoons and floods, earthquake risk in Thailand...
MS&AD Insurance Group announces merger of two of its non-life insurance subsidiaries
The group aims to establish a system to offer the best products and services to customers by investing accumulated capital into growth areas such as international business, domestic life insurance business, and digital/risk-related services Japanese major MS&AD...
Over 4.6 crore farmers got IDs under digital agri mission :Chouhan in RS
Union Agriculture Minister Shivraj Singh Chouhan As many as 7,708 lakh farmers have so far received insurance cover under the PM Fasal Bima Yojna and farmers have received claims of Rs 1.74 lakh crore since 2016 under the scheme which has now emerged as the world's...
IRDAI rejects appeal of general insurers and CBRs to review its collateral based cross border reinsurance norms
Indian general insurers, which will be generating a premium of over three lakh crore rupees in Fy 25, in their detailed representation to the IRDAI, explained that the proposed regulations are reducing choice for the insurers, reducing reinsurance capacity for the...