Piramal, Zurich Insurance may bid separately for RGIC
Piramal Finance and Zurich Insurance may not go ahead with a joint bid for Reliance General Insurance Company (RGIC). According to sources, there is a difference between the two sides…
Deposit claims of Rs. 8,517 cr settled
Deposit insurance is critical for protecting the interest of small bank depositors. In India, Deposit Insurance and Credit Guarantee Corporation (DICGC), wholly owned by the RBI provides insurance cover to…
Policybazaar parent will be profitable next fiscal, says CEO Yashish Dahiya
In an interview ahead of the business's one-year anniversary as a public company, PB Fintech executive chairman and CEO Yashish Dahiya said the company is on track to profitability and…
Motor insurance rides on vehicle sales to close in on health
Motor insurance premiums, riding on higher vehicle sales and repricing of third-party premiums, have compensated for the normalisation of growth in the health segment. This comes despite health insurance premiums…
Cholamandalam MS General Insurance records 30% growth in GWP
Cholamandalam MS General Insurance Company Ltd (Chola MS), has reported a 30 per cent growth in gross written premium (GWP) for the first half of this fiscal. "In the half…
PMFBY premium: States oppose Centre’s plea
The Centre wants to ensure timely settlement of claims under crop insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY) and has proposed some amount should be deposited by States as…
Insurance racket busted, 8 arrested
The CID's Special Operations Group has arrested eight people for running an allegedly fake BPO in Baguiati, offering fake insurance schemes. The accused also tricked people in the name of…
Premiums of Non-life insurers up 15.5% in Oct
The non-life insurance industry bounced back in October, as premiums grew at 15.51 per cent year-on-year (YoY) and marked a change from a disappointing number in September. The industry netted…
NHAI may put officials on dock for accidents
The National Highways Authority of India (NHAI) has said that it will hold officials liable for any fatal or serious accidents that occur as a result of poor road engineering…
ICICI Lombard’s Q2 PAT jumps 32% to Rs. 591 crore
ICICI Lombard General Insurance posted a profit after tax of Rs. 591 crore for Q2FY23, up 32 per cent YoY and also higher than Rs. 349 crore in the previous…