Non-life insurance companies continued their double-digit growth in February, with premiums growing 20 per cent year-on-year to Rs. 19,876 crore led by health and motor insurance. So far in FY23,…
Electric vehicle charging stations are also susceptible to cyber attacks and cyber security incidents like any other technological application, Parliament was informed. In a written reply to Lok Sabha, Union…
The government has paid claims in barely 5,036 hit-and-run cases — 3,209 for deaths and 1,827 for persons left grievously injured — since 2017-18, according to official data. This is…
Property insurance is likely to cost more for large risks with insurance companies anticipating a hardening of rates in the reinsurance markets. Most large insurance covers are renewed in alignment…
More than 50% of vehicles on Indian roads are operating without the mandatory thirdparty insurance. This was disclosed by the government in response to a Parliament query. Minister of state…
The government may have to infuse more capital in the three public sector general insurance companies to improve their financial health, a senior government official said. The government last year…
A day after officially confirming that Singapore government-owned investment fund Temasek had picked an additional 41 percent in Manipal Healthcare to become the single largest shareholder with a 59 percent…
The government appointed Siddhartha Mohanty, who is currently serving as the managing director (MD) of Life Insurance Corporation (LIC), as its Acting Chairperson for three months from March 14. M.R.…
General insurers may soon be allowed to sell services such as gym memberships, vehicle repairs, and other diagnostic services in addition to their core insurance offerings. The government intends to…
The insurance business is expected to be more competitive and crowded with many new players entering the industry soon. “There are 20 applications seeking approval for setting up new insurance…