Tata AIA Life Insurance, has launched its Guaranteed Monthly Income Plan, a non-linked, non-participating life insurance plan which offers guaranteed tax free2 monthly income for the longest duration of 24…
Fire insurance policy is suitable for you if you own a property or for someone who holds property in trust or in commission; or you are an individual or a…
Kerala experienced the unprecedented flood and disaster in recent months. There was huge loss of life and property. Massive rescue operations were carried out by Military, NDRF and wings of…
By announcing the merger of three state-owned non-life insurance companies, the government has taken a bold step that will curb unhealthy competition, improve governance, and bring discipline. Union Finance Minister…
Recently, the Insurance Regulatory and Development Authority of India came out with the draft of the proposed regulations to streamline reinsurance operations in the country. The measures have been interpreted…
Considering the importance of standardization in health insurance and to enhance transparency and uniformity the Authority had from time to time issued guidelines on standardization such as; standardization of terminology…
1. Vide Para 6(10) of the above referred circular, insurers were advised to disclose the amounts transferred to the Senior Citizens' Welfare Fund (SCWF) as contingent liability as a part…
In the digital age, cyber attacks have become a daily occurrence, with their frequency doubling since the pandemic. Major incidents, particularly targeting corporations, have highlighted the critical need for robust…
Strong Performance in Market-Linked Insurance Drives Profit Growth ICICI Prudential Life Insurance reported a 9% increase in its first-quarter profit. The profit after tax for the quarter ending June 30…
New Delhi: The agriculture insurance sector is poised for significant growth from 2024 onwards, with an average real premium growth projected at 2.5% over the medium term, according to the…