by AIP Online Bureau | Jun 10, 2024 | Indian News, Non-Life, Regulation
The insurer has to decide on the claim within seven days of receipt of the survey report. This condition will not apply in case of policies issued on the property/building on reinstatement value basis. Any delay in settlement of the claims beyond the above stipulated...
by AIP Online Bureau | May 10, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life
After the finalisation of the first gram panchayat for each insurer, the council should share the list with the Insurance Regulatory and Development Authority of India New Delhi: With the objective to meet insurance for all by 2047, the sector regulator Irdai on...
by AIP Online Bureau | Apr 18, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Crop insurance has seen a dip in the premium by 4 per cent to Rs 30.715 crore in Fy 24. Mumbai:With a total premium of Rs 1,09,006 crore, showing a growth of 20 per cent, Health Insurance continues to be no 1 portfolio in Rs 2.89 trillion Indian general insurance...
by AIP Online Bureau | Apr 4, 2024 | Health, Indian News, Non-Life, Reinsurance, Risk Management
The four large PSU general insurers, with a total premium of over Rs 90,000 crore, have been able to retain a market share of 31.18 per cent in FY 23-24. Their total market share was 32.27 per cent in fy 22-23. The private sector general companies now have a market...
by AIP Online Bureau | Mar 31, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
“With a robust solvency ratio of 2.94 , we remain bullish and will grow our top line in this Apr 1 renewals. We have engaged with the market participants, especially the bigger ones. And my team is speaking to the reinsurance people to ensure that we understand...
