Canara HSBC Life to double branch network to 103 in 3-4 months
Canara HSBC Life Insurance, which is riding strong on its bancassurance model, wants to plumb deep into the large customer base of its promoter shareholder Canara Bank and is looking…
ManipalCigna launches health policy covering OPD expenses up to Rs. 50,000
ManipalCigna Health Insurance Company Ltd. has forayed into cashless OPD with the launch of ManipalCigna ProHealth Prime offering day-to-day healthcare expenses such as consultation fees, prescribed diagnostic tests and pharmacy…
Bajaj Allianz launches product to provide global health insurance coverage
Bajaj Allianz General Insurance announced the launch of a new health insurance product ‘Global Health Care’. It is a comprehensive health indemnity insurance product that provides seamless cover to the policyholder…
Government working ‘relentlessly’ to strengthen health services across country: Union Health Minister
The central government is working ‘relentlessly’ to strengthen the health services in the country so that every citizen is able to access quality medical treatment, Union Health Minister Mansukh Mandaviya…
LIC share price dips 30 per cent, experts advice patience
The sharp correction in the share prices of LIC post its discounted listing on May 17 has dealt a major blow to its investors as the market capitalisation of the…
IRDAI eases approval for health insurance products
IRDAI extended the “Use and File” procedure to all health insurance products, facilitating faster customer access to health policies. All categories of products and add-ons or riders to be introduced…
Insurers caution against Covid claims
After a lull, there is once again an increase in claims related to Covid in the wake of increasing cases, according to insurers. Major general insurers and standalone health cover…
LIC: Determination of embedded value to complete soon
LIC said the exercise to determine the Indian Embedded Value (IEV) as of March 31, 2022, will take some more time to complete. It expects the completion before July 15.…
Need capital to grow business, says LIC chief
Life Insurance Corporation of India’s maiden dividend failed to enthuse its investors, but the insurer highlighted that it needs capital for growing the business and maintaining solvency margin. The board…
LIC clocks record Rs. 42000 crore profit from market
LIC has made a record profit of Rs 42,000 crore from equity sales in FY 2021-22, higher by 16.66 per cent from Rs 36,000 crore in the year ago period.…