Category: Insurance
Private general insurers expand market share to 53.58% in H1’FY24
Private general insurers increased their combined market share to 53.58% in gross direct premium underwritten in the first half of the current financial year from [more…]
Explained: The importance of travel insurance in a shrinking world
As the world shrinks, people travel to far-off places for work and pleasure. Travel insurance now assumes greater importance than ever before. Travel insurance is [more…]
Oriental Insurance, National Insurance, United India Insurance may get capital infusion in Q4
The Union finance ministry may consider capital infusion in three loss-making public sector general insurance companies — National Insurance Company Ltd, Oriental Insurance Company Ltd [more…]
Financial services secy meets private insurers, discusses key issues
New Delhi: Financial services secretary Vivek Joshi on Tuesday met private sector general insurance companies and discussed critical issues that have implications for the general [more…]
Life insurance firms consider 30% cap on commissions for credit life policies
Life insurance companies are on the verge of reaching an agreement to enforce a 30 percent cap on commissions paid to corporate agencies, including banks [more…]
ManipalCigna Health Insurance Introduces ManipalCigna Accident Shield – Personal Accident Plan
ManipalCigna Health Insurance announced the launch of ‘ManipalCigna Accident Shield’. This new advanced personal accident plan offers comprehensive coverage for Accidental Death (AD), Permanent Total [more…]
Motor, health, and term insurance witnessed high demand amongst corporate employees: survey
In a recent survey by Elephant.in on insurance being brought by corporate employees in India, the organisation shared some interesting facts regarding the growing demand [more…]
Karur Vysya Bank-SBI Life in bancassurance tie-up in life insurance category
Karur Vysya Bank executed an agreement as an additional bancassurance partner in the life insurance category with SBI Life on Thursday. Bancassurance is an arrangement [more…]
IRDAI’s new rules on commission payments give insurers more flexibility to manage their expenses
The Insurance Regulatory and Development Authority of India (IRDAI) has approved new rules on the payment of commissions to insurance agents or insurance intermediaries by [more…]
Insurers may get to sell related services
NEW DELHI : General insurers may soon be allowed to sell services such as gym memberships, vehicle repairs, and other diagnostic services in addition to [more…]
