Among those deaths, two and three-wheeler occupants comprised 48...
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Buffett’s Berkshire posts record profit on insurance, investments
Warren Buffett, chairman, Berkshire Hathaway "You really saw the...
Insurers look to hike health premiums for Delhi as pollution stings
In India, insurers can vary health insurance premiums by city based...
eSanjeevani integrated with NHA’s Ayushman Bharat Digital Mission
''The integration of eSanjeevani with Ayushman Bharat Digital Mission is one such example where the 22 crore ABHA holders can link and store their health records created via eSanjeevani in the health lockers of their choice. They can also share their previously linked...
3rd-party motor cover gains to partially offset general insurers’ underwriting losses
Claims incurred by most insurers have risen since the second quarter of last fiscal, following the relaxation of lockdown restrictions and reopening of offices. The claims ratio is estimated at around 85% for the last quarter of fiscal 2022, up from ~78% in fiscal...
Third-party insurance premium hike for 2-wheelers unlikely to impact demand: ICRA
After a two-year moratorium due to the COVID-19 pandemic, third-party insurance premium rates have been hiked between 15-20 percent for the premium category (more than 150 cc category) New Delhi: The upward revision in the third-party insurance premium for...
‘NDRF is in constant touch with all state govts to deal with flood situation’
A large area in India is prone to floods in which the Ganga and the Brahmaputra are the main flood basins. Assam, Bihar, Uttar Pradesh and West Bengal are the most flood-prone states Earlier, the Union Home Minister Amit Shah, also directed the officials to make the...
Massive fire breaks out at Deepak Nitrite’s Vadodara plant, NIA is the lead insurer
The general insurers who have to now pay any claims are- New India Assurance that has a 45 per cent share in the insurance policy of Deepak Nitrite along with Future Generali (12.5 per cent), ICICI Lombard General Insurance (10 per cent share) RSA (10 per cent) SBI...
US P/C insurer capital sufficient to withstand Hurricane Season
Capital strength provides insurers with an ability to withstand losses from large adverse events, including catastrophes. Industry policyholders’ surplus (PHS) increased by 40% over the last three years and now exceeds $1 trillion The June/July mid-year 2022...
SBI General floats new health vertical, ties-up with Apollo 24×7
PC Kandpal, MD & CEO, SBI General PC Kandpal, MD & CEO, SBI General said “The launch of the new health insurance vertical will enable us to meet the rising demand of health insurance, and to provide best-in-class customer service. Through this vertical, we...
IRDAI allows ‘Use and File’ procedure for all the health and most of general insurance products
The insurance industry is expected to use this opportunity for introduction of customized and innovative products, expansion of the choices available to the policyholders in order to address the dynamic needs of the market, which will further help in enhancing the...
Govt raises premium for flagship insurance schemes PMJJBY, PMSBY
The premium rate of PMJJBY has been revised upward to Rs 1.25 per day, translating into an increase from Rs 330 to Rs 436 annually The annual premium for PMSBY has been hiked from Rs 12 to Rs 20, an official statement said New Delhi: The government on Tuesday raised...
“ Indian government’s Sagarmala project will unleash country’s economic potential by harnessing its 7500 km long coastline’’
Amitabh Kumar, IRS, Director General of Shipping Hosted by the General Insurance Council, International Union of Marine Insurance(IUMI) will hold its Asia Forum 2022 in Mumbai during June 1-2, On the occasion of this international event, Amitabh Kumar, IRS, Director...