Supreme Court has ruled that if the owner of the vehicle did not bother to change the ownership in registration records, he would be liable for compensation claims arising from…
New India Assurance Company has launched a global mediclaim policy that will offer lifelong cover for global hospitalisation expenses including cancer, neurosurgery, heart surgery, organ transplant, and bone marrow transplant…
HDFC ERGO General Insurance Company, India’s third largest non-life insurance provider in the private sector, today announces the launch of its AI enabled Chatbot ‘DIA’ on Amazon’s cloud-based voice service,…
The recent Supreme Court order to shut down a mobile phone tower in Gwalior on a plea filed by a 42year old domestic help has heated up the debate about…
Growth slowed down for private insurance companies with individual APE (annual premium equivalent) business increasing 11% year-on-year (y-o-y) in February. Private life insurers recorded a 28% y-o-y growth in individual…
Videocon Industries Ltd. will sell its entire 51.32 percent stake in its general insurance business to Diamond Dealtrade Ltd. and Enam Securities Pvt Ltd. for an undisclosed amount. Liberty Videocon…
With the rising equity market, the market value of LIC portfolio across all NSE listed companies (where its holding is more than 1 per cent), stood at an all time…
United India Insurance has raised Rs 900 crore through subordinated debt to boost solvency capital, which is below the mandated regulatory capital requirement. The insurer has raised funds at 8.25…
If Taj Mahal was destroyed or damaged due to insured perils and with application of deduction for depreciation, the claim payable will be NIL The contract of insurance, unlike other…
Life insurers, who generally focus more on traditional premium plans are giving renewed thrust on Single Premium products to get a share of household savings that are otherwise finding their…