Title insurance for realty sector fails to pick up
The concept of ‘Title Insurance’ aimed at protecting the promoters and customers of the real estate projects against many risks, has failed to take off due to high pricing and…
China and emerging Asia to remain the engines of insurance growth
Insurance demand has a strong positive relationship with economic growth. The economic slowdown in emerging markets in recent years has not translated into a corresponding drop off in premium growth,…
Bharti AXA unveils Smart eSurvey app for quicker vehicle insurance claims
Bharti AXA General Insurance, is leveraging technology to ensure convenience and speedier vehicle insurance claims settlement for its customers. It has now introduced a tech application ‘Smart eSurvey’ that allows…
SC: Payout for hit-and-run death should be Rs. 2 lakh
The Supreme Court accepted the recommendation of the court appointed committee on road safety to increase the minimum compensation for death in a hit-and-run case from the existing Rs 25,000…
IRDAI suggests changes in norms for Insurance surveyors
A Working Group of the IRDAI has suggested modifications in the norms for surveyors and loss assessors for speedy settlement of claims. On timelines for submission of survey report, the…
Insurers see ‘strong potential for revival of pet insurance market’
Insurance companies are looking to tap into the steadily growing pet market in India by either reviving existing cover or designing new products to suit consumers. According to data available…
Farmers in Parbhani want Reliance General to pay up
Marathwada, which is notorious for farmer suicides had pinned hopes on the new crop insurance scheme – Pradhan Mantri Fasal Bhima Yojana (PMFBY) to save its farmers. But it has…
Aadhaar not mandatory for buying insurance: IRDAI
IRDAI has asked insurers to refrain from seeking Aadhaar from the proposer or policy holders. In a circular, IRDAI said along with Aadhaar, insurers should not mandatorily seek PAN/Form 60…
Carlyle Group acquires 9% stake in SBI Life Insurance
Global investment firm Carlyle Group, has acquired a 9 per cent stake in SBI Life Insurance. The Group, which has $216 billion of assets under management across 343 investment vehicles,…
ICICI Lombard joins hands with AnyTimeLoan.in
ICICI Lombard, has entered into a strategic tie-up with AnyTimeLoan.in (ATL), a lending platform, to provide insurance cover for the latter’s lenders and borrowers. The partnership aims to derisk exposure…