by AIP Online Bureau | Apr 21, 2024 | Health, Indian News, Non-Life, Regulation
In another major decision, the IRDAI’s new regulations have clarified that after completion of sixty continuous months of coverage (including portability and migration) in health insurance policy, no policy and claim can be contestable by the insurer on grounds...
by AIP Online Bureau | Apr 19, 2024 | Indian News, Life
LIC has seen its total premium falling by 4 per cent to around Rs 2,22 trillion in FY 24 26 private sector players, led by SBI Life Insurance, at Rs 1,55 trillion, have recorded a growth of 12 per cent in in their annual premium income. In terms of policies, the...
by AIP Online Bureau | Apr 16, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Chicago/New York: Favorable cyber underwriting results are partly due to prior large increases in premium rates. Insurers are also being more careful in cyber risk selection and the underwriting process. They are requiring that customers maintain proper cyber hygiene...
by AIP Online Bureau | Apr 9, 2024 | Briefs, Life, Technology
To leverage this popularity and offer ultimate convenience, Bajaj Allianz Life has upgraded its premium payment services via WhatsApp, enabling customers to seamlessly manage their policies and payments all in one place. Customers can effortlessly pay their premiums...
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...
