The government along with the industry will prepare a road map for improving penetration of the general insurance in the country which is less than one per cent, a senior…
After life insurers, it’s general insurers who are knocking at the finance minister’s door, calling him to save the industry from a worsening situation. Finance minister P Chidambaram will meeting…
The Motor Accident Claims Tribunal (MACT) has granted a compensation of Rs 25.17 lakh to the parents of a youth, who was killed in a road accident in 2010. The…
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Health spending is one of the important causes of poverty in India. The country’s public financing for health care is less than 1% of the world’s total health expenditure, although…
The exposure draft of IRDA (Insurance Regulatory and Development Authority) has proposed to include paint material in the list of items which have depreciation rates. The move is aimed at…
Insurance agents of Life Insurance Corporation (LIC) may not be employees of the giant Government owned insurer, but then LIC is not your standard PSU. A key reason why LIC…
Insurance Ombudsman in Chandigarh has asked private insurer HDFC Standard Life Insurance to pay Rs five lakh with interest to an NRI complainant after holding the company responsible for mis-selling…
Over the next two years, the ideal business mix we are looking at is 50-55 per cent for the motor business, 25 per cent for health and 25 per cent…
The low penetration of general insurance companies is a major concern, said M Ramaprasad, member, Insurance Regulatory and Development Authority. Speaking at a meeting organised by the National Insurance Academy,…