The developments threatened to prolong and widen a war that has led...
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Govt drops any merger plans among PSU general insurers
Though, the government had not announced any specific plans for the...
Rajive Kumaraswami to succeed V. Suryanarayanan as MD & CEO of Chola MS
Kumaraswami brings over three decades of experience across...
NCLT asks RCAP lenders to complete all procedural issues by Mar 12
An IIHL spokesperson said that IIHL voluntarily offered to release Rs 2,750 crore in equity capital into Reliance Capital's account to demonstrate its commitment to completing the transaction. The tribunal accepted the proposal Reliance Capital has three insurance...
Premiums to fall as Govt finalises GST cut from 18% to 12 % on Term Life and Health cover with input tax credit(ITC)
On Tuesday, senior officials Ministry of Finance, Insurance Regulatory Development and Authority(IRDA) and insurers had met in Delhi to finalise the GST cut proposals before they are sent to GST Council, headed by Finance Minister Nirmala Sithraman that will take a...
Star Health further expands its home health care network
Anand Roy, MD & CEO, Star Health Insurance, said, “It is a bridge to accessible and affordable healthcare for every individual. Our vision is to remove barriers such as high hospitalization costs, logistical challenges and the stress associated with seeking care.”...
Munich Re appoints Hanh Nguyen as its Head of Treaty P&C Underwriting for South-East Asia and India
Hanh Nguyen, Head of Treaty P&C Underwriting- designate, South-East Asia and India Hanh Nguyen said,`` Underwriting discipline will remain crucial for the markets. We strive to increase insurance penetration in the region by fostering risk mitigation measures,...
Hit-and-run cases constitute 38 pc of all fatal crashes on Mumbai roads in 2023: Report
Among those deaths, two and three-wheeler occupants comprised 48 per cent and pedestrians 40 per cent, said the report published recently by the Mumbai Traffic Police in association of the Bloomberg Philanthropies Initiative for Global Road Safety Mumbai: Hit-and-run...
Buffett’s Berkshire posts record profit on insurance, investments
Warren Buffett, chairman, Berkshire Hathaway "You really saw the power of Berkshire's insurance operations and investments,"Thomas Russo, a partner at Gardner Russo & Quinn in Lancaster Warren Buffett's Berkshire Hathaway on Saturday posted its third straight...
Insurers look to hike health premiums for Delhi as pollution stings
In India, insurers can vary health insurance premiums by city based on factors ranging from hospitalization costs to demographics.Getting the regulatory nod to include air pollution as a factor would depend on insurers submitting proof to back the assertion that toxic...
With REL ownership, Burmans have now stakes in all 3 segments of Indian insurance industry
Burman Group, through its Dabur Invest Corporation, has already stakes in Aviva Life Insurance Company India Limited and Universal Sampo General Insurance New Delhi: After the Burman Group has taken control of Religare Enterprises Limited (REL), the holding company of...
Delhi’s new govt approves implementation of Ayushman Bharat Yojana
Rekha Gupta,Chief Minister, Delhi At her first presser, Gupta said the previous AAP government did not allow the Ayusman Bharat scheme in the city, preventing the people from availing its benefits. NEW DELHI: The BJP formed its government in Delhi on Thursday after...
Some tankers in Mediterranean Sea visiting Russian ports hit by mystery explosions
“All the indications are that these have been deliberately orchestrated, but it’s with a significant degree of sophistication,” said Munro Anderson, head of operations at Vessel Protect, a major war-risk insurer of ships. “So, the big question that leads to is: ‘by...