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Insurance firm not liable to pay compensation for death of persons driving rashly: SC

Insurance firm not liable to pay compensation for death of persons driving rashly: SC

by AIP Online Bureau | Jul 3, 2025 | Indian News, Non-Life

A bench of Justices PS Narasimha and R Mahadevan refused to grant 80 lakh compensation sought by the wife, son and parents of a man who died while driving a car at high speed. New Delhi: The Supreme Court has said insurance companies are not liable to pay compensation...
T’gana pharma plant explosion: Sigachi says unit fully insured, assures support to affected persons

T’gana pharma plant explosion: Sigachi says unit fully insured, assures support to affected persons

by AIP Online Bureau | Jun 30, 2025 | Indian News, Non-Life, Reinsurance, Risk Management

“The Hyderabad facility is fully insured, and we are in the process of initiating the necessary claims as per standard procedures. We remain committed to resuming operations at the earliest, with enhanced focus on safety, risk mitigation, and operational...
LIC CEO Bhanoo seeks govt push for taking insurance education to cities and schools across India

LIC CEO Bhanoo seeks govt push for taking insurance education to cities and schools across India

by AIP Online Bureau | Jun 30, 2025 | Eco/Invest/Demography, Indian News, Life, Pension & Social Security, Regulation

P. Jaipuria, secretary general, Insurance Institute of India, S.N. Bhattacharya, Secretary General, Life Insurance Council, Sat Pal Bhanoo, CEO &  MD (In-charge), Life Insurance Corporation, Inderjeet Singh, Secretary General Insurance Council, Kavita...
Gen Z embraces insurance early, warm up to Gen AI for research, finds out Policybazaar survey

Gen Z embraces insurance early, warm up to Gen AI for research, finds out Policybazaar survey

by AIP Online Bureau | Jun 27, 2025 | Data, Health, Life, Non-Life, Risk Management, Workplace/Employee Benefits

The survey reveals a growing curiosity, early purchase consideration and a digital-first behaviour among India’s younger cohort – the Gen Z – with distinct patterns emerging between health and term insurance Policybazaar’s latest survey on Insurance...
Axis Max Life’s IPQ 7.0: Persistent protection gap in rural India

Axis Max Life’s IPQ 7.0: Persistent protection gap in rural India

by AIP Online Bureau | Jun 26, 2025 | Articles, Eco/Invest/Demography, Life

-Rural India’s Protection Quotient rises to 16, up from 12 in IPQ 5.0 – but urban-rural gap stands at 32 points,-Life insurance ownership remains significantly lower, despite awareness gains,-Rural women lag rural men in all protection indices – Protection Quotient at...
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