M Nagaraju, Secretary, Department of Financial services At the...
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Govt extends PMFSBY and RWBCIC till FY25-26, sets up Rs 824.77 crore technology fund for crop claim settlement
Prime Minister Narendra Modi For large scale technology infusion in...
2024 Insurance Amendment Bill: Ushering in a New Era in Indian Insurance
Shailaja Lall & Shivangi Talwarer Some clarity has been...
Generali takes controlling stakes in Indian insurance JVs,Future Group to to exit insurance business
Generali will raise its stake to around 74 per cent in Future Generali India Insurance Company and 68 per cent in Future Generali India Life Insurance Company Generali to acquire from Future Enterprises Limited 25 per cent of the shares of Future Generali India...
Madras HC orders probe on enmasse withdrawal of accident claims cases
''In view of the seriousness of the allegations made in the present case to the effect that a total of Rs 11.70 crore was claimed in 84 cases filed based on fabricated/false medical/hospital records and a complaint was also made by the hospital to the Hosur police in...
Budget 2022: Insurers urge higher 80 C investment limit; cut in GST on health products
"The industry has long pending expectations from the policy makers for incentivizing people to get life insurance by giving a separate deduction limit of minimum Rs 1 lakh for insurance premium payment under Section 80C," Tarun Rustagi Chief Financial Officer Canara...
Cyber hostilities between India & Pakistan,China & Japan and Israel & Iran could escalate dangerously: CyberCube Report
Report identifies four industries that CyberCube believes will be targeted by cyber criminals – especially ransomware actors – in 2022. These are: healthcare, education, manufacturing and utilities. CyberCube also expects to see ransomware threat actors targeting...
Foreign luxury car makers remain bullish on India
Lamborghini, which sells a range of super luxury cars with prices starting from Rs 3.16 crore in India, recorded its best ever sales in the country in 2021, beating its previous best record in 2019 when it sold a total of 52 units. It had sold 37 units in 2020 in the...
Back in court – UK hospitality groups take on insurers over lockdown losses
Corbin & King, the owner of London's Wolseley and Delaunay restaurants is suing AXA for around 4.5 million pounds in a dispute that hinges in part on the scope of "denial of access" cover, designed to protect insured venues that are shut by public authorities on...
COVID-19 stalls growth in MENA insurance markets: AM Best
The report highlights some common themes as weaknesses, the most important of which is risk governance, with companies adopting basic or minimum requirements to run their businesses LONDON: Middle East and North Africa (MENA) insurance markets have seen robust growth...
Bajaj Finserv consolidated profit after tax slips 2.63% to Rs 1,256 cr in Q3
Bajaj Allianz General Insurance Company's profit after tax declined to Rs 304 crore in the third quarter of this fiscal compared to Rs 330 crore in Q3 FY21 Mumbai: Diversified financial services firm Bajaj Finserv Ltd (BFS), which is having two insurance subsidiaries,...
NIA to train Liberty General Insurance on managing EV claims
This exclusive collaboration with NIA, will help insurer's claim’s team in understanding the future challenges involved while processing claims related to different part assemblies including Battery Packs, Battery cells, repairability of damages due to likely perils...
IRDAI effects reshuffle among sr officials
Randip Singh Jagpal, who has been a CGM in one of the most important portfolio- Department of Intermediaries, for many years ,has been shifted to Consumer Affairs Department. AR Nithiyananthan, CGM who was in charge Information Technology(IT) will now be heading...