Month: May 2022

The solvency ratio of Oriental Insurance Company has been pegged at 0.69 for the year ended March 31, 2021 which was previously at 0.92, according to filings made with the…

The Government has appointed Madhulika Bhaskar, General Manager at General Insurance Corporation (GIC Re), as acting chief of New India Assurance.  “The posting is reckoned against the vacant post of…

The insurance industry’s plan to hike third party motor insurance premium for the first time after three years from April 1 is likely to witness a delay. The Ministry of…

The new financial year of 2022-23 has seen a sharp rise in renewals of insurance premiums across categories with group health policy costs rising by up to 40%and cyber coverage…

Claims to premium ratio under Pradhan MantriFasalBimaYojana (PMFBY) and other crop insurance scheme were around 61 per cent in 2020-21 as against 85 per cent in 2019-20, as a favourable…

Remarking that courts should take a liberal view in awarding compensation to victims who are left 100% disabled and also suffer mental disabilities after road accidents, the Supreme Court extended…

In a significant decision, the Supreme Court has ordered use of Motor Accident Claims parameters, such as age of the victim and future earning capacity, to compute compensation to be…

ICICI Prudential Life Insurance reported a 189.5 per cent surge in its net profit for the fourth quarter of the fiscal 2021-22 at Rs. 184.67 crore compared to Rs. 63.78…

Kotak Life Insurance is hopeful that the worst of the pain from the pandemic is over and is now working on an expansion strategy. “We will be expanding our distribution…

Life and general insurance companies may see a divergence in their fourth-quarter earnings as life insurers are expected to continue seeing robust demand for annuity schemes that will help offset…