IRDAI has barred health insurers from modifying existing benefits or adding new benefits to existing health plans if it would lead to higher premiums, in a move aimed to protect…
Indian Finance Minister Nirmala Sitharaman recently introduced the Insurance Amendment Bill 2021 in the Rajya Sabha seeking to increase FDI in insurance to 74% from 49%. It was recently approved…
According to the sources, the government may propose a 90-day time limit to avail deposit insurance cover. The government is working on Deposit Insurance Credit Guarantee Corporation (DICGC) Act amendments.…
Bharti AXA Life Insurance has recently announced the launch of its new integrated campaign on 'Bharti AXA Life Guaranteed Income Pro'. It urges the consumers to choose certainty when it…
Kotak Mahindra General Insurance Company Limited has recently announced the launch of its social campaign, #DriveLikeALady, to celebrate the International Women’s Week. As per its own experience, the company observed…
The Life Insurance Corporation of India has launched Bachat Plus, a non-linked, participating, individual life assurance savings plan. The applicants may either pay the premium in lump sum (single premium)…
Lakhs of gig and platform workers in India, who until now were deprived of any social security benefits, will soon be able to avail medical facilities provided under the Employees’…
The Meghalaya government has paid over Rs. 256 crore as premium towards the Meghalaya Health Insurance Scheme. Health Minister A.L. Hek said that Rs. 165.1 crore has been claimed till…
The premium rates of term insurance will get expensive from 1 April, 2021 due to increasing death claims on account of COVID-19 as well as increase in reinsurance rates. In…
Liberty General Insurance has recently automated vehicle inspections for car insurance policy renewals and claim assessments using AI-based technology. This move is expected to transform the car inspection process replacing…