The finance ministry has set a record target of Rs 2.5 trillion of...
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Disaster is directly linked to climate change: Amit Shah
This Bill does not infringe on the federal structure. The primary...
New India partners with BoI for distributing its products
L to R -PR Rajagopal, ED BOI, Girija Subramanian CMD, NIA, Mukta...
Centre writes to 5 states over rise in Covid cases, weekly positivity rates
Rajesh Bhushan,Union Health Secretary States have been asked to refer to the directions issued in a letter by the ministry dated April 8, 2022 for strategic areas of intervention like relaxation in various activities, testing and surveillance, clinical management,...
8,700 Jan Aushadhi Kendras providing 50-90 pc cost-effective medicines to beneficiaries across India
"At present, there are 8,700 shops in the country. We aim to make it 10,000 shops in the near future so that these shops are available in all the blocks across the country very soon," Ravi Dadhich, CEO, of Pharmaceuticals and Medical Devices Bureau of India (PMBI) The...
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...