NHPM scheme: Apollo Munich lowest bidder in Nagaland
Apollo Munich Health Insurance Company Limited has made the lowest bid for Ayushman Bharat-National Health Protection Mission (AB-NHPM) for the state of Nagaland at Rs 444 per family. While Bajaj…
Hindustan Aeronautics Limited makes Rs. 273-cr insurance claim
HAL has filed an insurance claim of Rs 273 crore on an under-production Sukhoi jet that recently crashed during its test flight near Nashik. This is the first of its…
IRDA nod for LIC-IDBI deal based on merit
IRDAI has defended the exemption given to LIC for acquiring up to 51% stake in the IDBI Bank, saying the decision was based purely on merits of the case. Nilesh…
Policy Bazaar investment arm to raise $200 million
ETechAces Marketing & Consulting, owner of India’s leading insurtech brand PolicyBazaar.com and lending marketplace PaisaBazaar.com, said it has raised $200 million in a Series-F investment round led by SoftBank Vision…
USA tariffs may boost trade credit insurance business
The news of Trade wars between US and other countries are looked upon as a great opportunity to insurers. US President has set off fears of a global trade war…
Government calls hospitals for empanelment for Rs 5 lakh health insurance scheme
The National Health Agency apex body to implement Central government's ambitious scheme to provide Rs 5 lakh health insurance coverage to about 40 crore Indians, launched a formal process to…
LIC to hike stake in IDBI Bank through policyholders’ accounts
According to credit ratings agency ICRA the acquisition of a stake in IDBI Bank is likely to be done under the policyholder’s accounts of LIC and, hence, even a 51…
Insurance payouts to railway passengers rise despite reduction in train accidents
Insurance claim payment to train accident victims have increased by five times in FY18 against the previous fiscal despite drop in the number of accidents. This trend is visible mainly…
NUTS AND BOLTS OF SOCIAL INSURANCE IN INDIA
Abstract Social security in India was traditionally taken care of by the set up of family/community in general. With the rapid industrialization/urbanization beginning during the early 20th century resulting to…
MetLife Retirement Savings Plan
MetLife Retirement Savings Plan, is a non-linked, participating pension plan. MetLife Retirement Savings Plan ensures Vesting Benefit: Sum Assured + Vested Simple Reversionary bonus plus Terminal Bonus, if any. Death…