Health cover increased to Rs. 25 lakh
Health cover increased to Rs. 25 lakh Looking at the popularity of the free universal health care scheme in the state, the Rajasthan government has increased health insurance cover from…
Know how to buy the right term insurance plan
Insurance products currently available in the market can be broadly categorized into two types—a pure vanilla term insurance plan and others. All ‘other’ insurance products would either be market-linked or…
Drone insurance: What does it cover?
New India Assurance said it has launched a product to offer insurance cover to drones, becoming the first public sector player to enter the segment. The unmanned aircraft system (UAS/UAV/RPAS/drone)…
Commission orders to pay expenses of flying man’s remains to India, insurer told
Insurer has to pay repatriation expenses if the insured person dies while travelling abroad even if he/she didn't reveal their pre-existing medical condition while taking the insurance. The Vadodara district…
Gujarat HC tells oreva to pay Rs. 10 lakh each to kin of dead
The Gujarat high court ordered Oreva Group - managing the Morbi suspension bridge when it collapsed on October 30, 2022- to pay Rs 10 lakh to the next of kin…
5 PSU insurers have Rs. 347-cr exposure to Adani firms
Five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total assets under management (AUM), in Adani group of companies, the…
Prosecution starts against e-insurance intermediary
Goods and services tax (GST) authorities have initiated prosecution against a leading online insurance intermediary for allegedly generating bogus invoices of around Rs. 100 crore in the name of marketing…
Top insurers compete to cover Air India fleet
Top insurance companies, are competing to provide insurance cover to Tata Group-owned Air India’s fleet for the next financial year (2023-24). This includes insurance cover for new planes that would…
PSU insurers to digitize motor policy settlement to stay in race
State-run general insurers Oriental Insurance, National Insurance, New India Assurance, and United India Insurance, are completely digitizing their motor insurance policies to prevent ceding market share to private sector rivals.…
New India Assurance PAT up 27% in 9-month period
New India Assurance posted a net profit of Rs. 900 crore for the nine-month period ended December, up 27.2 per cent on year even as gross premium growth was muted…