The life insurance industry in Malaysia is projected to grow from MYR50.70bn (US$11.98bn) in 2020 to MYR65.86bn (US$15.68bn) in 2025, in terms of gross written premium, according to GlobalData,…
In the wake of the advent of COVID-19, the non-life insurance sector has seen more than 5% growth throughout FY21, with the companies' premiums have reaching close to Rs. 2…
IRDAI has recently notified restrictions and regulations for insurance companies on advertising policies to safeguard consumer interests. IRDAI, via recently issued circular, said, "To ensure that the insurers, intermediaries or…
IRDAI has recently notified the extension of its sandbox regulations by another 2 years to enable the completion of the experiment of existing sandbox proposals and also to allow new…
In a notable judgment, the Supreme Court has recently held that a breath analyzer test or blood test as contemplated under the Motor Vehicles Act is not necessary for an…
IRDAI has recently imposed a penalty of Rs. 17 lakh on Future Generali India Insurance Co Ltd for violating norms on protection of policyholders' interests and selling policies without seeking…
Pramerica Life Insurance has recently appointed Kalpana Sampat as the Managing Director & CEO of the JV company. Prior to this elevation, she was the Chief Operating Officer of this…
Older vehicles are not only more hazardous but also carry a greater risk of breakdowns and accidents. They also lead to more pollution. The scrappage policy aims at taking old…
Mahindra & Mahindra Ltd. has recently said that it has inked an initial pact with its automotive and steel recycling JV MMRPL to offer its customers an end-to-end solution for…
The government may hike Foreign Direct Investment limit in the pension sector to 74% and a Bill in this regard is expected to come in the next Parliament session. Currently,…