Advance Loss of Profits (ALOP): A type of insurance covering financial losses due to project delays caused by insured risks. All Risks Policy: A comprehensive insurance policy covering all risks…
Introduction The life insurance industry is undergoing a significant transformation, driven by the adoption of Artificial Intelligence (AI) and Big Data. Traditional underwriting methods relied heavily on lengthy paperwork, manual risk assessments, and standardized criteria, which often…
Get ready for India’s biggest Insurtech event of the year! India Insurtech Festival 2025 is set to bring together top industry leaders, cutting-edge technology, and groundbreaking ideas that are revolutionizing the insurance landscape. The Insurance Times…
Introduction Star Health and Allied Insurance Company Ltd. (Star Health Insurance) has achieved the highest sustainability score among Indian insurance companies in the S&P Global Corporate Sustainability Assessment (CSA) 2024.…
Introduction The All India Reserve Bank Employees Association (AIRBEA) has urged the government to cover the additional premium costs if it proceeds with the proposal to increase deposit insurance coverage.…
Introduction Health insurance premiums in Delhi could see a 10-15% increase as insurers consider factoring in air pollution-related health risks while pricing policies. If approved by the Insurance Regulatory and…
Introduction The Insurance Regulatory and Development Authority of India (IRDAI) has directed life and health insurers to implement Bima-ASBA, a new payment mechanism aimed at eliminating unauthorised deductions and delayed…
Introduction Canara HSBC Life Insurance has introduced ‘Promise2Protect’, a new term insurance plan designed to offer comprehensive financial security with customizable benefits. This plan ensures that policyholders can protect their…
Introduction A retired teacher from Indore has fallen victim to a ₹96 lakh cyber fraud, where scammers posing as SBI Life Insurance officials manipulated her into transferring money over two…
Introduction The National Health Authority (NHA) is set to roll out India’s flagship health insurance scheme in Delhi, following the newly formed state government’s approval. Under this initiative, eligible families…