ICICI Lombard offers motor cover linked to driving
ICICI Lombard General Insurance has launched a motor insurance cover where the premium will depend on the quantity and quality of driving. The company has also introduced a motor floater…
ECGC launches enhanced insurance cover for exporters
Export Credit Guarantee Corp. of India (ECGC) introduced a new scheme to provide enhanced export credit risk insurance, amid heightened uncertainties in global trade. The scheme provides enhanced export credit…
ADIA to invest in Aditya Birla Health Insurance
The Boards of Directors of Aditya Birla Capital Limited (ABCL) and Aditya Birla Health Insurance Co. Limited (ABHI) approved a proposal for a primary capital infusion of approximately Rs 665…
Telangana Governor urges insurers to include robotic surgeries in health insurance
Telangana Governor Dr Tamilisai Soundararajan has requested insurance companies to come forward and include all the robotic surgeries and approve them. Even the government insurance schemes should include the latest…
Rajasthan tops in health insurance with 88% cover
The highest proportion of households covered under health insurance or financial schemes across the country is in Rajasthan, says the latest data on health insurance coverage - collected in 2019-21…
ICICI Prudential Life keen to re-enter health insurance
ICICI Prudential Life said it is keen to re-enter the health insurance vertical as there's "nothing new" in the business for the company which had been in the segment for…
Health Insurance losses increase in Public Sector Insurance Companies
All four public sector insurers incurred losses of Rs. 26,364 crore in the health insurance portfolio for the last five years due to higher claims in group policies, a CAG…
IRDAI flags reforms for investment, expenses
IRDAI has backed its growth push by flagging off reforms in the areas of investment, distribution and management expenses for insurers. The reforms envisage easing limits on investing in the…
IRDAI allows insurers to empanel hospitals
In a bid to enhance the scope for offering cashless facility in health covers across the country, IRDAI has now allowed the insurers to empanel the hospitals that meet the…
Insurance regulator tightens anti-money laundering rules
IRDAI has stiffened the anti-money laundering rules as part of consolidation of the guidelines for the sector. The rules issued to consolidate and update guidelines on anti-money laundering replaces the…