LIC’s March, 2021 policy sales grow 299%
LIC has recently stated that its policy sales in March, 2021 were 299% higher than the previous year. It had sold 2.1 crore policies in FY21 of which 47 lakhs…
Life insurers witness over 70% year-on-year growth in NBS in March, 2021
24 life insurers in India have largely seen impressive growth in New Business Premium (NBP) in March, 2021 and ended the financial year on a high, defying expectations of many…
ICICI Prudential Life’s new biz premium up 23% in Q4
ICICI Prudential Life has recently reported a 23% development in its new enterprise premium, a key metric for insurance coverage firms, as it had report coverage gross sales in March…
InsuranceDekho set to garner Rs. 1,200 crore in premium in FY21
Online insurance aggregator InsuranceDekho is expected to have garnered Rs. 1,200 crore in insurance premium through its platform during the financial year ended March, 2021. The company, which mainly caters…
Life insurance industry in Thailand will reach US$22.8bn in 2025, forecasts GlobalData
The life insurance industry in Thailand is projected to grow from THB602.4bn (US$19.2bn) in 2020 to THB686.9bn (US$22.8bn) in 2025, in terms of gross written premium (GWP), according to…
HC declares all insurance companies liable to give effect to Mental Healthcare Act from 2018
The Delhi High Court has recently held that all insurance companies are liable to give effect to the Mental Healthcare Act, 2017 in their policies from the time it came…
HC asks IRDAI to explain basis for approving policies
The Delhi High Court has asked IRDAI to explain on what basis it was approving insurance policies that excluded mental conditions from full coverage, noting that "a large number of…
Fresh insurance cover to COVID-19 warriors
The Union Health Ministry has recently announced that all claims of the COVID-19 warriors under the Pradhan Mantri Garib Kalyan Package will be settled till April 24, 2021 after which…
COVID-19 healthcare workers left with no insurance cover; Rs. 50 lakh insurance is over
Amid the raging second wave of the Corona Virus in India, the Centre concluded the Rs. 50 lakh insurance scheme for the healthcare workers who die on COVID-19 duty. Since…
24X7 Healthline: SBI General Insurance launches helpline for customers
SBI General Insurance has recently announced the launch of its '24X7 Healthlin', a helpline for its health insurance customers. ‘Healthline’ has a dedicated toll-free number and mobile number that will…