The state has suffered losses of over Rs 3,040 crore due to 91...
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Global reinsurance results very strong in 1H25, Revenue growth is slowing: Fitch
Fitch expects competition to intensify as supply outpaces demand,...
AHPI withdraws suspension of cashless hospitalisation notice served on Bajaj Allianz
Commenting on the issue, APHI Director General Girdhar Gyani said,...
India on track for lowest monsoon rains in 8 years -sources
"El Niño dampened rainfall in August, and it will also have a negative impact on September rainfall," said a senior official at the India Meteorological Department (IMD) New Delhi: India is poised for its lowest monsoon rains in eight years, with the El Niño weather...
Viasat Inc’s $1 bn orbiting satellites risks upending space insurance
Viasat’s troubles in orbit come a few years after big-name insurers like American International Group Inc. and Allianz SE have shuttered their space portfolios. That’s left a smaller pool of providers to absorb the risks in the notoriously high-stakes $553 million...
Jio Financial Services to enter insurance sector soon, confirms Mukesh Ambani
`JFS will enter the insurance segment to offer simple, yet smart, Life, General, and Health insurance products through a seamless digital interface, potentially partnering with global players. It will use predictive data analytics to co-create contextual products with...
Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM
Nirmala Sitharaman,Union Finance Minister Some of the features of PMJDY are, one Basic Savings Bank Deposit (BSBD) account to every unbanked adult, overdraft limit of Rs 10,000, and a free Rupay debit card with inbuilt accident insurance cover of Rs 2 lakh (Rs 1 lakh...
Govt unlikely to infuse capital in PSU general insurers in FY24
Vivek Joshi, secretary, Department of Financial Services(DFS), recently had reviewed the functioning of the four PSU general insurers in New Delhi but the pressing issue of the capital infusion was out of meeting's agenda The three PSU general insurers that require...
Maharashtra: 73 farmers commit suicide in Chandrapur from Jan to July 2023
A total of 3,51,091 farmers have taken Re 1 (premium) crop insurance under the Pradhan Mantri Fasal Bima Yojana (PMFBY) in the district, including 50,890 farmers who have taken loans and 3,00,201 non-loanee cultivators, according to the agriculture department...
Swiss Re ordered to pay former underwriter $1.6M for sexism, unfair dismissal
Ms. Sommer was awarded 1.29 million pounds in a ruling published on Thursday, which the tribunal said was for “injury to feelings, personal injury and aggravated damages” and other financial losses, including the loss of a bonus in 2021 London: A former Swiss Re...
NHRC wants Irdai to ensure insurers offer hassle-free health products to the disabled
insurers are limiting the coverage to those with benchmark disabilities in contravention of the legal framework. Even their websites, apps, and claims processes do not adhere to the accessibility standards mandated by the RPWD Act of 2016. A panel meeting of the...
IRDAI asks insurers to settle HP claims quickly
As the ongoing floods in Himachal Pradesh have caused widespread loss to property(homes and businesses) and infrastructure, the IRDAI on Friday asked general insurers and standalone health insurance companies to mobilise all resources to ensure that all claims are...
Highly mutated COVID variant found in new countries but pandemic in ‘a different phase’
It appears that current tests and medications remain effective against BA.2.86, although the variant may be more capable of causing infection in vaccinated people and those who have had COVID previously, the assessment said. There is no evidence yet that it is causing...