HDFC Life’s reports 41% growth
HDFC Life's for the nine months ended December reported 41% growth in new business premium and a value of new business (VNB) margin of 24%. Its embedded value has grown…
Foreign reinsurers garnered over Rs. 6,200-cr premium in 2017-18: IRDAI
Foreign reinsurance companies have generated Rs 6,216 crore premium in 2017-18. During the year 2017-18, foreign reinsurance branches infused assigned capital of Rs 1,452.54 crore, IRDAI said. Swiss Re has…
InsurTech – The trending concept in Insurance Industry
InsurTech is the combination of two words Insurance and Technology. The concept of InsurTech involves the inclusion of new innovations and modern technologies to acquire profits and productivity from the…
Maharashtra pays 713 crore premium for Ayushman Bharat scheme
National Insurance Company has bagged the Ayushmaan Bharat account of Maharashtra. The state has paid a premium of Rs 713 crore for the scheme, which started from January 1, for…
Max Life Insurance’s Survey Pegs ‘India Protection Quotient’ at a Mere 35
Country’s term insurance uptake at a poor 21%, levels of awareness low; reveals surveyDelhi highest on protection quotient, South and East India lead term insurance adoption, as per survey findingsFor more…
ERM Advanced Telematics launches easy to install UBI products to help car insurers price policies
Global automotive technology supplier ERM Advanced Telematics, whose products have been installed in over 5 million vehicles around the world, is launching three new products that will help insurance companies to…
Digit to offer pet insurance
Digit Insurance, has launched a pet insurance product in the Indian market in partnership with Vetina, a US-based company. “Initially, it will be a reimbursement product and over period of…
IRDAI for uniform standard health product
Insurance regulator IRDAI has asked all non-life insurers (general and health) to offer a “Standard Health Insurance Product” as it is essential for customers to have access to a basic…
PNB Metlife Insurance, ESAF tie up for life insurance distribution
PNB MetLife India Insurance and Kerala-based ESAF Small Finance Bank have entered into a strategic partnership, which will provide customers across the ESAF SFB network with access to an expanded…
Sompo International and SV Sparkassen Versicherung Introduce Innovative Agriculture Insurance Product to the German Market
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, and SV SparkassenVersicherung (SV), one of the largest public insurance companies in Germany, today announced…