Month: February 2013

The general insurance industry has sought several tax exemptions, including for home and personal accident covers, from the Finance Ministry in the upcoming Budget.

Nine out of ten frauds in country's insurance sector occur in the mediclaim policy segment and there is a need to adopt measures to reduce the trust deficit between insured…

Insurance Regulatory and Development Authority has issued guidelines that standardise terms in health insurance policies. This is to bring about clarity and enable insurance companies to provide better service to policyholders.

Before 1999, the insurance sector in India was nationalized. No private sector or foreign insurance companies were allowed. In 1999, the insurance law was amended, opening the market to private…

The family of a businesswoman, who was killed after being hit by a rashly driven bus, has been awarded a compensation of over Rs 29 lakh by a Motor Accident…

Public-sector banks and many government offices were shut recently on the second day of a general strike called by 11 trade unions pressing their demands and to protest against the…

Joydeep Roy, CEO of L&T General Insurance, says non-life insurance penetration as well as per capita insurance premium is very low and the industry has a very high potential to…

In order to boost life insurance, levying of service tax should be revisited in order to make the product attractive, says V Philip, MD & CEO, Bajaj Allianz Life Insurance,…

All eyes are now on the new IRDA chairman. With the insurance industry still coming to terms with its lacklustre performance in the past three years during which business fell…

Reena Joseph (32) can be an inspiration to many young women. She's strong willed, has a clear vision and is brilliant at balancing work and personal life. Born in a…