Over 50% vehicles on Indian road uninsured – Insurance Information Bureau
More than half the vehicles on the road in India are running without any insurance cover - a mandatory provision under the Motor Vehicles Act. Nearly 57 per cent of…
Central Government moots Covid cover for foreign tourists
Foreign tourists visiting India may be offered attractively priced Covid-19 insurance covers as a part of the tourism ministry's plans to revive the sector. Over 10.9 million foreign tourists visited…
General insurers see 2.7% growth in November premiums
General insurers have reported a 2.7 per cent year on year (yoy) growth in gross direct premium underwritten in November after witnessing a marginal decline in premium collection in October.…
Aon buys 49% in Catamaran-owned Insurance Broker
Aon, is re-entering insurance broking in India with acquisition of 49% stake in Catamaran-owned insurance broker - Anviti Insurance Brokers. The deal is subject to regulatory approvals. Speaking on the…
Deaths due to parked vehicles doubled in last 3 years
The number of persons killed due to collisions with parked vehicles on roads in Delhi has more than doubled in the past three years - from 2,317 in 2017 to…
Muthoot Finance ties up with Bajaj Allianz
Muthoot Finance has tied up with Bajaj Allianz General Insurance to provide insurance on gold jewellery as part of their new initiative, Muthoot Gold Shield. The policy provides insurance coverage…
CHILD INSURANCE:A LEGACYTO LEAVE BEHIND
Children are always a bundle of joy. Right from the time they enter your life, all grown up and independent your children are your pride and bliss. Every responsible parent…
EFFECTUAL INSURANCE UNDERWRITING IN THIS DECISIVE JUNCTURE OF NEW NORMAL SITUATION
INTRODUCTION: The coronavirus pandemic is savaging the global economy, resulting in widespread business closures, near-universal event cancellations, insurance executives are habitually working from home & busy in attending/responding the mails…
CONSUMER PROTECTION ACT 2019: CHANGING TIME TO OWN PRODUCT LIABILITY INSURANCE?
Abstract The consumer protection act 2019 has come into effect from 20 Jul 2020 which has replaced the three-decade-old act. New mechanisms to protect the rights of consumers, the establishment…
Performance of Crop Insurance Schemes in India
Introduction The Comprehensive Crop Insurance Scheme (CCIS) launched in 1985 was the first large scale government subsidized crop insurance scheme in India. Both CCIS and its immediate successor the National…