IRDAI has recently allowed the insurance companies to invest in debt securities of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs). Earlier, insurance companies were only allowed to…
India's general insurance industry posted an increase of 5% in gross premium to Rs. 1,987 billion ($26.5 billion) in the financial year ended March 31, 2021.The growth was due to…
According to the data revealed by IRDAI, despite the second wave of COVID-19, the first-year premium (FYP) of life insurance players rose by 7.5% in 2020-21 at Rs. 2.78 lakh…
Finance Minister Nirmala Sitharaman has recently asked IRDAI chairman S.C. Kunthia to "act immediately" to address the complaints of denial of cashless claims by insurance companies. She also mentioned that…
In a big relief to the policyholders, IRDAI has recently directed all the hospitals to provide cashless treatment if mentioned in the contract. This clarification came in the backdrop of…
The changing customer landscape due to the COVID-19 pandemic has necessitated innovation within the insurance industry. Not only are incumbent firms at threat from insurtechs using technology to personalize…
Indian Inc has been planning a vaccination drive for its employees as COVID-19 cases continue to rise rapidly across India. Both start-ups and Indian companies are looking at partnerships with…
Central Bureau of Investigation has recently arrested a Senior Divisional Manager and an Administrative Officer of the National Insurance Company Ltd. for allegedly demanding a bribe of Rs. 4.5 lakh…
Life Insurance Corporation of India has recently said that it has collected highest-ever first year premium of Rs. 1.84 trillion for fiscal year ending March, 2021. The corporation continued its…
The Centre has recently renewed the Pradhan Mantri Garib Kalyan Package (PMGKP) insurance scheme for health workers battling COVID-19 to provide a safety net to the front-line healthcare workers engaged…