According to PERILS, an independent Zurich based organization to provide industry wide catastrophe insurance data, estimated the insured property market loss for Extratropical Cyclone Xavier, which primarily affected Germany on…
According to IRDA’s report, the General Insurance Companies collected Rs 26,523 crore under the third party motor segment in the last financial year while the premium collected under own damage…
Rajesh Patwardhan, the chief marketing officer (CMO) of the LIC MF, stated that LIC has 11.5 lakh registered agents and if one considers that 2-3 lakh of them are active…
Star Health and Allied Insurance (SHAI) introduced industry’s first health insurance cover for people already diagnosed with cancer. The new health insurance scheme, Star Cancer Care Gold, comes in two…
Additional 2% stake was bought by LIC in Coal India Limited. As communicated to the Bombay Stock Exchange, LIC has bought 12.47 crores, increasing its stake in CIL to 9%…
IRDAI may ask the private equity firms to come up with lock in period of 10-12 years to ensure that their capital is invested for a longer tenure. The long…
The International Maritime Organisation (IMO) recently declared that ships which do not meet emission rules can be declared "unseaworthy" There lies a doubt about complying with rules asking ships worldwide…
First of its kind, cybercrime insurance cover can be bought by individuals, including loss of funds to online fraud, identity theft, cyberstalking and extortion, phishing and malware attack. Customised cyber…
A study has recently found that blood-thinning drugs taken to prevent strokes may dramatically reduce the risk of dementia. Patients with abnormal heart rhythms who took anticoagulants to stop blood…
FASTag, a device enabling automatic deduction of toll charges without motorists having to stop at toll plazas to make the payment, shall be fitted in all 4 wheelers sold in…