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General insurance industry’s premium grows 14% to Rs 26,629 crore in July, Pvt sector cos lead

by AIP Online Bureau | Aug 7, 2023 | Health, Indian News, Non-Life

Bajaj Allianz General Insurer with a premium base of Rs3762 crore , a y-o-y growth of 51 per cent, has overtaken ICICI  Lombard General insurance in garnering the largest  premium in the month of July Mumbai: The Indian general  insurance industry has...

General insurance industry’s premium grows 15% to Rs 20,457 cr in June

by AIP Online Bureau | Jul 6, 2023 | Indian News, Non-Life

Twenty multiline private sector general insurers, led by ICICI Lombard General Insurance, have seen their premium soaring by 17 per cent y-o-y to Rs 10,776 crore in June while during Q1FY2023-24, it has surged by 21 per cent y-o-y to Rs 34,212 crore Four public sector...
Govt proposes no hike in mandatory Motor TP premium in FY23-24, to be implemented from Aug

Govt proposes no hike in mandatory Motor TP premium in FY23-24, to be implemented from Aug

by AIP Online Bureau | Jun 18, 2023 | Indian News, Non-Life, Policy

The Ministry of Road Transport and Highways (Morth) has come out with the new draft notification on the premium for mandatory third party motor cover on June 14 and has preferred to retain the same level premiums in most of the categories In FY 2022-23, the motor TP...

Rise in premium amount for life insurance biggest concern for consumers: Survey

by AIP Online Bureau | May 10, 2023 | Facts, Life

Another key finding of the report is that 22 per cent of customers cited ‘Company does not keep in touch’ as a potential reason for leaving. In addition, 8 out of 10 customers would like the bank RM/agent to call/meet them after purchase at least once...
Go Airlines got premium refund for grounded aircrafts

Go Airlines got premium refund for grounded aircrafts

by AIP Online Bureau | May 9, 2023 | Indian News, Non-Life, Reinsurance

The airlines’ total fleet size is 54 aircraft, out of which 27 have been grounded for more than a year, said Kaushik Khona, Chief Executive Officer, Go Airlines “Last year, we got a refund of the premium paid for covering the aircraft hull. The refund was about 70 per...
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