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India will be first country in the world making healthcare quite affordable:Devi Shetty
``Believe me, in the next five to seven years time, expenses for...
NIA CMD cautions on inadequate pricing for natural catastrophe perils
Girija Subramanian, CMD, NIA, explained that while seamless digital...
Galaxy Health launches its first products with sum insured options from Rs 3 lakhs to Rs 1 crore
(Lto R) S Guruprakash, chief marketing officer, G Srinivasan, MD & CEO, and V Jagannathan, Chief Mentor at the product launching event of Galaxy Health Insurance in Chennai G. Srinivasan, managing director and CEO of Galaxy Health Insurance said, “ We are...
“Reinsurance capacities in India may be required only for property, agri and specialty lines like aviation & cyber”
N Ramaswamy, CMD, GIC Re The effort from the Regulator is to create a more conducive environment for doing business as well as to attract more players to set up shop in India. The Indian market is in a stage of big growth and it will need huge capital resources from...
Over 5 lakh elderly above 70 enroll for Ayushman cards; highest from MP, Kerala
Madhya Pradesh had the highest number of applications for enrollment (1.66 lakh) followed by Kerala (1.28 lakh), Uttar Pradesh (69,044), and Gujarat (25,491) New Delhi: More than five lakh senior citizens who are 70 and above have been enrolled for Ayushman cards...
Passenger vehicle wholesales up marginally at 3,93,238 units in Oct: SIAM
Passenger vehicles posted its highest-ever sales of October in 2024 at 3.93 lakh units, with a growth of 0.9 per cent, albeit on a high base of last October. The two-wheeler segment also posted the highest-ever sales of October in 2024, SIAM Director General Rajesh...
Next GST Council meet on Dec 21-22, Decision on lower GST rate on health and life insurance
Union Finance Minister Nirmala Sitharaman The 55th GST Council meeting would be held during one of these two days in which the much awaited decision on exemption or lower GST rate on health and life insurance would be taken New Delhi: Union Finance Minister Nirmala...
Shriram General in pact to enable Muthoot Securities customers to purchase covers
Shriram General Insurance Company (SGIC) has entered into a partnership with The Muthoot Group as part of which it will enable Muthoot Securities' customers to purchase general insurance covers. An agreement was signed between Ragesh GR, CEO, Muthoot Securities, and...
GIC Re’s net profit up 16% to Rs 1861 crore in Q2FY25
N Ramaswamy, CMD, GIC Re Though the largest Indian reinsurer has cut down its gross premium by 21 per cent to Rs 8,413 crore in the reporting quarter, it has improved its combined ratio, underwriting losses and incurred claims during the period ``Our continuous focus...
Net profit of National Insurance Company rises 80% to Rs 81 cr in Q2FY25
Going ahead, NIC is committed to its stake holders and the improved financial performance is an indicator for the company to achieve profitable growth, T Babu Paul, executive director, NIC Kolkata: State owned National Insurance Company(NIC) has recorded a 80 per cent...
Bridge Specialty International launches with the rebrand of Lonmar Global Risks
Bridge Specialty Group, a global wholesale and specialty insurance brokerage, has announced plans to unify its London-based businesses Lonmar Global Risks, Decus Insurance Brokers and BdB Limited under Bridge Specialty International. Bridge Specialty International...
General Insurance industry grows 28% to Rs 30,378 crore in Oct
In a note worthy trend, seven stand alone health insurers have now captured 11.58 per cent of the market share in the general insurance industry in the first seven months of the current fiscal. It was 10.20 per cent in the corresponding period of the last fiscal...