Insurance benefit for kin of only 20% of deceased COVID warriors: IMA data
According to data from the Indian Medical Association, families of only 168 doctors, out of at least 756 who died during COVID-19 duty in India, have benefitted from the Rs.…
Amazon Pay to start facilitating small loans and insurance for kirana shops
According to a report, Amazon via its Amazon Pay service will soon initiate facilitating insurance and small loans for kirana shops. Apart from this, the report also reveals that offline…
IRDAI imposes Rs. 25 lakh penalty on SBI General Insurance
IRDAI has recently imposed a monetary penalty of Rs. 51 lakh on 4 insurers, including SBI General Insurance, for violation of norms related to motor insurance. A fine of Rs.…
Bajaj Allianz General Insurance fined Rs. 10 lakh by IRDAI
Bajaj Allianz General Insurance Company Ltd. was fined Rs. 10 lakh by IRDAI for violation of the Insurance Act and its Motor Insurance Service Provider (MISP) guidelines. IRDAI, in its…
National Pension System: PFRDA states 5 key announcements
With 38% growth in AUM and 23% in number of subscribers, the awareness around National Pension System is growing under the agile supervision of Pension Fund Regulatory and Development Authority…
LIC’s death claims sprang to 17.11% in first 9 months of FY21
Death claims made on LIC crossed the 8-lakh mark between April and December 2020, reversing the decline in their numbers over the previous 3 years. As many as 8,16,652 death…
United India Insurance can be sold to private firms
According to the latest reports the government is considering United India Insurance as one of the state-run insurers for privatization. Apart from this, the other public sector insurers could also…
Remdesivir rate volatility leads to many insurance claim rejections
Huge variations in the prices of Remdesivir, a very important drug in the treatment of severe cases of COVID-19, have resulted in a large increase in insurance claim rejections and…
Trio cheats govt hosps of Rs 1.7 crore CM’s insurance scheme money, held
A complaint had been lodged at the city police commissionerate on behalf of Medi Assi Pvt Ltd, a third party involved in the insurance scheme of the government, that the…
LIC employees to get over 25% wage hike & 5-day week
The new fiscal year 2020-21 has started for about 1.14 lakh employees of LIC on a happy note with over 25% hike in their pay packets. The Central Government has…