Growing Risks As climate change intensifies, vulnerable communities in India face increasing risks. The widening insurance coverage gap prevents many from protecting their livelihoods against extreme weather. Insurance Sector Challenges…
Partnership Announcement Capital Small Finance Bank (Capital SFB), India's first Small Finance Bank, and Edelweiss Life Insurance have announced a strategic partnership in Mumbai. This collaboration aims to provide Capital…
Background Goods and Services Tax (GST) authorities have issued notices to over 20 insurance companies, including HDFC Ergo and Star Health, demanding ₹2,000 crore in unpaid GST. These companies allegedly…
Key Highlights Insurance Coverage: Under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), 131.3 lakh fishermen are covered by the Group Accidental Insurance Scheme (GAIS). The entire premium is borne by…
Strategic Collaboration Chola MS General Insurance Company, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited of Japan, has announced a strategic partnership with Mahindra Finance,…
Initiative Overview Max Life Insurance has announced the 'Aarohan' initiative to expand its distribution network by adding 75 new offices in Tier 3 and Tier 4 cities across India. The…
Strategic Expansion MDIndia Health Insurance TPA is enhancing its service network with a new office in Patna and two additional locations. This move underscores MDIndia's commitment to providing top-tier health…
Key Milestone ICICI Prudential Life Insurance Company announced that its assets under management (AUM) have reached Rs 3.14 lakh crore as of July 31. Coverage and Sum Assured The company…
[caption id="attachment_25248" align="alignleft" width="124"] Dr Rakesh Agarwal, Editor, The Insurance Times[/caption] From the Editors Desk The Insurance Times, August 2024 Issue While the IRDAI has announced its ambitious goal of…
Role of Political Risk Insurance TATA AIG General Insurance emphasizes the importance of political risk insurance as a critical risk management tool for businesses amidst global geopolitical crises like the…