The total policy sum insured for excess moisture and drought...
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Crashed aircraft killing Ajit Pawar solely insured by ICICI Lombard General for Rs50 crore, has reinsurance support
ICICI Lombard General Insurance has reinsurnace support for...
RBI proposes rules for banks to implement relief measures during natural disasters, to kick in from April 1
India ranks sixth globally in climate vulnerability, according to...
ICICI Lombard launches new health insurance product powered with AI
Mumbai: ICICI Lombard General Insurance has launched health insurance product, ‘Elevate’. Powered with AI the first-of-its-kind health product is loaded with cutting-edge features and add-ons, offering personalised solutions to meet the needs of dynamic lifestyle,...
Insurance premiums for climate resilience and NatCat protection are set to increase by 50% by 2030, to reach $200-250 billion, says report
Whilst insurance promises to be a great enabler to unlocking the transition and adapting economies to a new climate era, it will require a paradigm shift in how risk management is prioritised if climate finance is to be deployed and businesses are to secure their...
After Oil, Russia may be building a shadow fleet for gas
Gas is key to the Kremlin’s plans to boost exports, replenish government coffers and fund its war machine — but that requires a larger share of the global LNG market, now that the once-lucrative European pipeline trade has been almost cut off. To date, expansion plans...
Insurance Awareness Day: Industry Leaders Lay Out Action Plans
The journey towards widespread insurance coverage begins with informed individuals and families. India's insurance penetration rate for 2023-24 is anticipated to be 3.8%, with life insurance penetration expected to be 2.9%. These figures underscore the pressing need...
Dispelling Myths: Insurance Ideas
Insurance awareness doesn't stop at understanding the importance of insurance or the urgency to purchase it; knowing how much coverage is sufficient is also a key challenge that we, as insurers, aim to address Vikas Mittal, Deputy CEO, Magma HDI General Insurance In a...
Health Minister JP Nadda to unveil 3 initiatives on Ayushman Bharat Health
JP Nadda,Union Minister for Health and Family Welfare The Union Health Minister will launch a virtual National Quality Assurance Standards (NQAS) assessment for Ayushman Arogya Mandirs (AAM) Sub-centres. This will represent a significant innovation in the quality...
Budget fy25: Health experts urge FM to allow co-payment scheme for Ayushman Bharat in pvt hospitals, subsidise vaccines
Nirmala Sitharaman, Union Finance Minister The experts also highlighted that, under the Ayushman Bharat Scheme, patients often need to go to private hospitals because 85 per cent of tertiary care beds are in the private sector. They suggested implementing a co-payment...
Wage negotiations for all PSU general insurers to begin soon
GIPSA informed deputy central labour commissioner on Thursday that the performance of all PSU general insurance companies has improved and they were are awaiting DFS go ahead for calling unions for wage revision negotiation. In turn, deputy CLC advised the DFS and...
Truecaller partners with HDFC ERGO for Fraud Insurance in India
Alan Mamedi, CEO, Truecaller commented, "Despite offering the world's best caller identification and fraud protection services, some of our users unfortunately can become victims of criminal fraud. We want to be able to offer peace of mind by protecting our users...
Ayushman Bharat health scheme to provide free treatment to all aged above 70 years: Prez
President Droupadi Murmu The Government is going to take yet another decision in this area. Now all the elderly above 70 years of age will also be covered and get the benefit of free treatment under Ayushman Bharat Yojana,' President Droupadi Murmu said while a...