Life Insurance Corporation employees have recently staged a protest in Ludhiana against the government's decision to raise the Foreign Direct Investment limit in the insurance sector to 74% and to…
Due to the restrictions on movement due to COVID-19, LIC has allowed its policyholders to deposit their maturity claim documents at their nearest LIC office anywhere in the country. LIC…
The existing health insurance policy will cover the hospitalisation cost of any adverse reaction due to the COVID-19 vaccine, clarified a recently published regulator. The IRDAI, via a press release,…
The Rajya Sabha has recently passed the Insurance (Amendment) Bill, 2021 which seeks to amend the Insurance Act, 1938. The amendment will now increase the limit of foreign investment allowed…
As the demand for Covid-19 specific Insurance policies is increasing, the average claim size has been decreasing, according to health insurers. "The Industry has seen a substantial increase in Corona-specific…
Insurance has always been a recommended instrument in financial planning. However, with the ensuing global pandemic, the importance of insurance is even more pronounced. Especially a health insurance plan is…
Author: Tim Smith, Head of Client Management, UK, AXA XL In these unprecedented times for us all, innovation in the insurance industry has not slowed – indeed, responses to…
Max Life has released 'Buy Now, Pay at Approval' feature that allows one to book an insurance policy in advance and pay at the time of issuance, making life insurance…
In Q2, Indian insurers netted new business premium to the tune of Rs 75,392 crore, with LIC witnessing a rise of almost 14 per cent to Rs 51,488 crore. NBP…
ICICI Lombard General Insurance 'InstaSpect' feature for vehicle damage assessment has reached the milestone of over 10 lakh motor insurance claim approvals since its launch in 2018. The 'InstaSpect' feature,…