HDFC Life Insurance Q4 profit up 2% to Rs. 318 crore
HDFC Life Insurance reported a 2% increase in its standalone profit after tax to Rs. 318 crore in the quarter ended on March 31, 2021, compared to Rs. 312 crore…
India’s private life insurers outperformed LIC
According to the data released by IRDAI, the private life insurers of India have outperformed Life Insurance Corporation last fiscal during the pandemic. Their digital push aided private insurers in…
HDFC Life Insurance steps up its reserves on account of COVID-related risks
HDFC Life Insurance has recently said that it has stepped up its reserves on account of COVID-related risks in 2021-22. It had provided Rs. 41 crore as on March 31,…
Mindtree & Duck Creek collaborate with UPC Insurance to drive its digital transformation initiative forward
Mindtree, a digital transformation and technology services company, has recently joined hands with Duck Creek to improve customer experience for UPC Insurance customers through the implementation of SaaS-based core systems.…
Fire insurance growth slows during pandemic, health steady
Fire insurance business of non-life insurers grew at a slower pace in the pandemic-hit fiscal. According to the data filed by the insurance regulator, gross premium underwritten for fire covers…
Puri Jagannath Temple priests to get health insurance cover
The Shree Jagannath Temple Administration (SJTA) has decided to provide health insurance cover to the all the priests performing various rituals at the shrine throughout the year. SJTA chief Administrator…
Madhu Malhotra appointed as Chief Technology Officer of Edelweiss General Insurance
Edelweiss General Insurance (EGI) has recently appointed Madhu Malhotra as its Chief Technology Officer. She will spearhead the technology function at EGI and drive digital innovation in line with the…
COVID situation not sustainable for insurance sector: Max Bupa
A senior official of Max Bupa Health Insurance Company, the second wave of COVID-19 has put further pressure on insurance companies, and the firm may take a call on premium…
Future Generali India Life Insurance launches internal ‘Complaints Dashboard’
Future Generali India Life Insurance Co. Ltd (FGILI) has recently launched a state-of-the-art 'Complaints Dashboard' which enables sales team to identify and thereby addresses customer grievances quickly and efficiently. The…
IRDAI advises insurers to complain about errant hospitals
A day after Union Finance Minister Nirmala Sitharaman tweeted about reports of hospitals denying cashless services to COVID-19 patients and asked IRDAI to take action, the insurance regulator has directed…