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,…
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…
Financial Infusion The government has clarified that there is no proposal to merge public sector general insurance companies. Minister of State for Finance Pankaj Chaudhary, in a written reply to…
Enhancing Profitability The finance ministry has directed state-owned general insurance companies to prioritize profitable ventures over merely chasing top-line growth. The government recently infused Rs 7,250 crore into three public…
Enhancing Profitability The finance ministry has directed state-owned general insurance companies to prioritize profitable ventures over merely chasing top-line growth. The government recently infused Rs 7,250 crore into three public…
Discovery and Report A cybersecurity analyst identified a critical vulnerability on IRCTC's insurance portal, exposing passengers' travel details and allowing changes to nominee information without verification. Researcher Nilabh Rajpoot discovered…
Immediate Response The Insurance Regulatory and Development Authority of India (IRDAI) has directed all insurance companies to quickly survey and disburse claims to victims of the Wayanad floods in Kerala.…
Funding Announcement Square Insurance, a Jaipur-based insurtech startup, has raised $3 million in a pre-Series A funding round led by Negen Capital and Bizdateup. Notable investors, including Yogesh Chaudhary, Founder…