More benefits under Jan Dhan yojana
The Central government has decided to double the overdraft facility in Pradhan Mantri Jan Dhan Yojana to Rs 10,000 and the accident insurance to Rs 2 lakh, in a move…
Aviva Life looking for digital innovations
In order to increase customer engagement, Aviva Life Insurance is embracing digital technology to meet the increasing demands of the customers. Amidst stiff competition to woo customers through digital medium…
Farmers still unaware of details of PM Fasal Bima Yojana: Survey
Farmers are still unaware of the details of the Pradhan Mantri Fasal Bhima Yojana even as the government and insurers are trying to increasing the penetration in the non-loanee segment,…
Star Health gets new owner
WestBridge Capital and Madison Capital a consortium of private equity firms have teamed up with Rakesh Jhunjhunwala, a well known investor to acquire private health insurer Star Health in a…
Improved economic momentum alone will not close current profitability gaps in major non-life insurance markets, sigma says
Worldwide, most major non-life insurance markets are in a phase of below-average profitability. The latest sigma report from the Swiss Re Institute, "Profitability in non-life insurance: mind the gap", assesses the existing…
4G ULIPs are here! How to invest to Best Plans – Here’s all you need to know
According to a latest UN report, India has the world’s largest youth population despite having the smaller population than China. India is also termed as “Young Country”, while half of…
RIDING THE BIG DATA WAVE TO IMPROVE INSURANCE CUSTOMER RETENTION
Big data and analytics are the current change agents in today’s insurance environment that is being impacted by radical shifts in how underwriters assess risk and how consumers buy insurance.…
Traditional insurance products benefit from higher G-Sec yields
Hardening yields of government securities are proving to be an advantage for traditional insurance products but have led to crowding out corporate bonds with few issuances taking place, believes Anurag…
Insurance Companies speed up claim settlements in Kerala
IRDAI has advised Public sector insurers to expedite claim process in Kerala. Motor insurance is expected to generate largest claims for the companies whereas for crop insurance, the Agriculture Insurance…
Issue of negligence cannot be raised under section 163A of Motor Vehicles Act
The Supreme Court has underlined that an insurance company cannot raise the issue of negligence by a road accident victim when Section 163A of the Motor Vehicles Act is invoked.…