Irdai, the insurance regulatory body, on Sunday said it has decided to further extended the grace period for renewal of life insurance policies whose premium was due in March till…
Life Insurance Corporation of India (LIC) has launched the revamped Pradhan Mantri Vaya Vandana Yojana (PMVVY) for senior citizen with better rate of interest. This pension scheme is non-linked and…
As part of measures to prudently manage their financial resources, all insurers have been directed to align dividend pay-out for the FY 2019-20 so as to be in conformity with…
Some newspapers carried a news item that “Life Insurance Companies have registered 11.4% growth in premium income in FY20”. This is incorrect as the growth rate of new business life…
The Authority welcomes the stand of the Indian General Insurance industry regarding continuity of policies in the context of the General Condition in Standard Fire and Special Peril policy where…
Under the IRDAI's Regulatory Sandbox, Edelweiss General Insurance, has launched an innovative app-based Motor OD floater policy named as Edelweiss SWITCH. This driver-based motor insurance policy not only allows vehicle…
The Centre's plan to merge the three PSU general insurers has been put on hold.According to sources, preparations for the merger have taken a back seat in the past two…
SN Rajeswari, General Manager, New India Assurance (NIA), has been selected by the Banks Board Bureau (BBB) as the Chairman and MD of Oriental Insurance Company after an online video…
General insurance industry in India is set to witness slow growth during the first quarter of the current fiscal due to Covid-19 lockdown, credit rating agency Care Ratings said. In…