Car insurance to cost 10% more, trucks 50%
Brace for a hike in vehicle insurance premiums. Motor insurers have sought a 5-10% hike in third-party premiums for two-wheelers and personal cars, and a whopping 40-50% for commercial vehicles,…
Health claim approvals should be instant like credit cards: Apollo Munich Health CEO
When asked about targets, most insurance CEOs talk about scale. Antony Jacob, 52, CEO of Apollo Munich Health — a joint venture between Apollo Hospitals and Munich Re — has…
Health insurance: Sooner the better
There are increasing number of people falling prey to lifestyle diseases at a young age. At the same time, the cost of health care is rising exponentially. As a result,…
Pay a lower car insurance premium if you are married
Factors like profession, gender and marital status, among many others, are now being used by insurers to determine the premium. ET shows how you can bring down your auto insurance…
Life insurance premiums growth is expected to rebound in Emerging Asia in 2013
According to the Swiss Re study "Global re/insurance review 2012 and outlook 2013/14", life insurance premiums in emerging Asia will rebound in 2013, growing by about 10% in real terms.
Exposure Draft on Standardization in Health Insurance
Health insurance addresses a major area of public concern. Although it is rapidly growing sector, access to health insurance still remains limited and add to it complaints, especially due to…
Urjit Patel takes charge as RBI deputy governor
Urjit Patel recently took charge as deputy governor of the Reserve Bank of India two weeks ahead of a crucial monetary policy review. Although the central bank has not announced…
Insurance…. A need or a formality
Introduction: The insurance industry in India witnessed a paradigm shift during the year 2000- 2001. Since 1973, the non-life insurance industry was dominated by the four nationalised insurance companies. Privatisation…
ICICI Lombard General Insurance launches mobile application ‘Insure’
Private sector general insurer ICICI Lombard has launched a mobile application called 'Insure' that will allow customers to intimate a claim through the mobile.
IRDA proposes uniform definition of key terms in health insurance
IRDA has come out with standard definition of various key terms like critical illness with a view to bring in uniformity and promote health insurance.