Magma HDI General Insurance has entered into a corporate agency agreement with Mahindra Finance, a leading non-banking financial company (NBFC), to offer a wide range of general insurance products. This…
The National Consumer Disputes Redressal Commission (NCDRC) has directed Tata AIA Life Insurance Co. Ltd to refund ₹2.47 lakh, with an interest of 9% per annum, to a low-income family…
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A 47-year-old man in China, identified by his surname Li, has been sentenced to death for pushing his wife into the sea to claim her life insurance payout. The case,…
In an unexpected finding from the 2024 Accident Index released by ACKO, a leading digital insurance provider in India, coconuts have been linked to 2.2 times more road accidents than…
The Indian government has decided to exclude a captive insurance company regime from its latest package of insurance reforms. While the move represents a departure from earlier proposals, the reforms…
India's insurance sector is witnessing significant changes in claims patterns across health, motor, and term insurance segments. These trends highlight the evolving dynamics of consumer behavior, regional disparities, and the…
India’s non-life insurance sector reached a significant milestone in October 2024, recording premiums of ₹30,378 crore. This represents a 27.5% year-on-year growth, surpassing the ₹30,000-crore threshold for the first time…
Indian insurance companies are urging the government to issue sovereign debt instruments, including zero-coupon bonds, to diversify their investment options and improve the management of long-term liabilities. The proposal, presented…