"Large-scale irregularities came to light (in the previous scheme)....
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ICICI Lombard general insurance net profit rises 29% to Rs 747 crore in Q1FY 26
The insurer's Combined Ratio, a key metric that compares claims and...
Irdai forms panels to look into violations by insurers
"As part of enforcement function, to decide on the violations...
60 pc consumers in APAC, including India, will prefer hybrid EVs in future: Study
Within APAC, 85 per cent of consumers were aligned with these key priorities, consisting of 92 per cent of Millennials, 83 per cent of Gen Xers and 72 per cent of Baby Boomers prioritise sustainability the highest. Consumers are driving the growing emphasis on...
Insurers are committed to making a bigger impact on mental health, says Geneva Association report
For life and health insurers, who absorb related financial shocks through disability and income protection insurance, this is manifest in paying out close to USD 15 billion in mental health-related disability insurance claims annually. In many countries, this number...
SBI General implements a doorstep crop policy distribution mega drive
SBI General, one of India's leading General Insurance Companies, has carried out a massive PMFBY (Pradhan Mantri Fasal Bima Yojana) Policy Distribution Drive - "Meri Policy Mere Haath" under the "Azaadi Ka Amrit Mahotsav" Campaign to support Indian farmer communities...
HDFC Ergo General plans to raise Rs3 billion through 10- yr bonds
The private insurer has invited coupon and commitment bids from bankers and investors on Thursday,. MUMBAI: India's HDFC Ergo General Insurance plans to raise Rs 3 billion ($36.18 million) selling subordinated bonds maturing in 10 years, two merchant bankers said on...
Bird flu spreads to new countries, threatens non-stop ‘war’ on poultry
Outbreaks of the virus have continued in North and South America, Europe, Asia and Africa, undefeated by summer heat or winter cold snaps, since a strain arrived in the United States in early 2022 that was genetically similar to cases in Europe and Asia The virus...
RiverStone’s landmark third-party reinsurance-to-close deal with MS Amlin, largest in Lloyd’s history
London: RiverStone International, the industry-leading acquirer and reinsurer of legacy and discontinued insurance business, has completed an agreement with MS Amlin Underwriting Limited to provide MS Amlin Syndicate 2001 (“MS Amlin”) with a Reinsurance-to-close...
ManipalCigna launches a specialized plan for seniors
A customer between 56 to 75, after meeting the underwriting eligibility, can buy the plans and if an existing customer pay premium annually even after reaching 75, the cover will continue for him/her till death The sum insured options range from Rs. 3 lacs to Rs 50...
Kotak Mahindra Bank plans minor stake sale in its general insurance arm
The process could draw potential strategic partners as well as financial investors Deliberations are at an early stage, details of a deal such as size and structure could change and the lender could decide not to go ahead with the stake sale, the people said. A...
Micro quakes preventing large-scale event in India but country prepared for any eventuality: Experts
According to the Ministry of Earth Sciences, 59 per cent of India's land mass is prone to earthquakes. Zone V is seismically the most active region, while Zone II is the least. Around 11 per cent of the country' area falls in Zone V, 18 per cent in Zone IV and 30 per...
Delhi Police to partner with Truecaller to help protect people from impersonators, cyber frauds
''This will help users identify verified numbers and protect them from frauds and scams relating to impersonation in the name of government officials. All verified numbers of Delhi Police will have a green badge and a blue tick mark, with a government service tag...