LIC employees, agents to benefit from finmin steps
The finance ministry announced a series of steps that will benefit around one lakh employees of LIC and 13 lakh agents of the state-run company. In the package for employees…
LIC launches campaign for lapsed policies
LIC has launched a special campaign to revive lapsed policies at a discounted premium. The campaign, to mark the insurer's 67th anniversary, will run from September 1 to 30. During…
Jio Finance to foray into insurance biz
After announcing an entry into the asset management business with BlackRock, Jio Financial Services (JFS) is gearing up to foray into the insurance segment. JFS will partner with a global…
InsuranceDekho set to raise $50 million in fresh funding
InsuranceDekho, which raised $150 million in one of the largest Series A funding rounds in India earlier this year, is close to raising another round of institutional funding. Girnar Insurance…
LIC may need 5 yrs after ‘27 to comply with float norms
LIC may require at least five more years to comply with the minimum public shareholding of 25 per cent beyond the current exempted timeline of 2027. Formal communication in this…
IndiaFirst Life launches Single Premium Plan
IndiaFirst Life Insurance Company Limited has introduced a novel offering -- IndiaFirst Life Guaranteed Single Premium Plan. This unique plan is designed to provide individuals with a seamless blend of…
Cost of treatment doubles in 5 years as medical inflation bites
The cost of treatment for common ailments that require hospitalisation has more than doubled in five years, data from insurance claims show. Health insurance claims for infectious diseases and respiratory…
West Bengal CM announces insurance scheme for migrant workers
Chief Minister Mamata Banerjee urged migrant workers from West Bengal working in other states to return home and start their own businesses. Addressing a programme on MSMEs, she said her…
Star Health gears up for ‘Bharat’ journey, to offer cover for outpatient expenses
Standalone health insurer Star Health & Allied Insurance Company Ltd is devising a new growth strategy under which it seeks to grow at a CAGR of 20 per cent during…
Working towards 100% cashless settlement: IRDAI
IRDAI is working with players in the health insurance ecosystem to ensure 100 per cent cashless settlements for medical expense claims, which will eliminate the need for filing claims, said…