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ICICI Lombard’s net profit rises by 28.5% to Rs398 crore in Apr-Jun Qtr,combined ratio at 99.7%
The capital gains of the company was lower by 56.1 per cent y-o-y at Rs 60 crore in Q1 FY2021 compared to Rs 138 crore in Q1 FY2020.
A multiple factors like lower claims in other segments like motor and health(non-Covid -19 category) fire and crop have helped the company to record a favourable combined ratio and profitability during the June quarter, said analysts.
Consumer goods demand is back to near pre-covid level: Nielsen
According to Nielsen, both urban and rural sales are growing but the recovery/sales from the undeveloped semi-urban/rural quarters are much faster and traditional trade channels as neighbourhood and Kirana stores have scored over modern trade outlets as retail outlets and hypermarkets.
Compared with other global markets such as China, Malaysia, Indonesia and Thailand, the industry in India has witnessed a dela
Record single day Covid-19 cases of 30k push tally near to one million,death toll climbs to 24,915
Covid-19 claims from govt authorised make-shift hospitals payble by insurers:IRDAI
In order to ensure that the costs of treatment of COVID – 19 are covered as per the terms and conditions of policy contract, a make-shift or temporary hospital permitted by Central / State government will be also regarded as a hospital or network provider and insurers have to settle the claims, said IRDAI on Thursday.
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