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Mental Illness: Indian Insurers now cover alzheimers, depression and bipolar disorders

Mental Illness: Indian Insurers now cover alzheimers, depression and bipolar disorders

by AIP Online Bureau | Oct 17, 2022 | Articles, Eco/Invest/Demography, Health, Reinsurance, Workplace/Employee Benefits

Sanil Basutkar Having an appropriate cover and healthcare plan for mental illness needs to be an important aspect when looking for a comprehensive insurance for you and your family How does insurance cover work for mental illness?For around 60 years after...
Tapping Indian Surety Bonds Market

Tapping Indian Surety Bonds Market

by AIP Online Bureau | Sep 15, 2022 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance

Vishwajeet Kadam The Indian Surety insurance business will assist in developing an alternative to bank guarantees for construction projects. This shall enable the efficient use of working capital and reduce the requirement of collateral to be provided by...
Insurers can raise funds through Preference Share and Subordinated debts without IRDAI’s prior approvals

Insurers can raise funds through Preference Share and Subordinated debts without IRDAI’s prior approvals

by AIP Online Bureau | Aug 3, 2022 | Eco/Invest/Demography, Health, Indian News, Life, Regulation

The total quantum of the instruments under other forms of capital taken together has to be lower of the following, at any point in time: 50 percent of the total paid up equity share capital and securities premium of an insurer and 50 percent of the net worth of the...
Floods now Australia’s second costliest weather event, insurers pay $2 billion in claims

Floods now Australia’s second costliest weather event, insurers pay $2 billion in claims

by AIP Online Bureau | Jul 30, 2022 | International News, Non-Life, Reinsurance

The latest figures reveal insured losses have increased six per cent from last month to a record-breaking $5.134 billion The average claim is $22,000, with personal claims averaging $17,000 and commercial claims averaging $71,000 New data, released by the Insurance...
Ship insurers seek more assurances on Ukraine grain corridor

Ship insurers seek more assurances on Ukraine grain corridor

by AIP Online Bureau | Jul 21, 2022 | International News, Reinsurance, Risk Management

Russia, Ukraine, Turkey and the United Nations are expected to sign a deal later this week aimed at resuming the shipping of grain from Ukraine across the Black Sea Insurance for the ships would be possible “if a sensible solution were offered,” said Rory Colacicchi,...
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