SBI General Insurance has recently declared that it will cover the cost of COVID-19 vaccination for sections of low-income groups in Maharashtra and Andhra Pradesh as part of its CSR…
GIC Re Chairman-cum-Managing Director Devesh Srivastava has recently stated that despite its challenges the COVID-19 pandemic has increased awareness about insurance products and will help penetration in the long run.…
The Lok Sabha has recently passed the Insurance Amendment Bill, which seeks to hike the Foreign Direct Investment limit from 49% to 74%, with Finance Minister Nirmala Sitharaman saying that…
The Rajya Sabha has recently passed the Insurance (Amendment) Bill, 2021 which seeks to amend the Insurance Act, 1938. The amendment will now increase the limit of foreign investment allowed…
ICICI Lombard General Insurance 'InstaSpect' feature for vehicle damage assessment has reached the milestone of over 10 lakh motor insurance claim approvals since its launch in 2018. The 'InstaSpect' feature,…
Indian Finance Minister Nirmala Sitharaman recently introduced the Insurance Amendment Bill 2021 in the Rajya Sabha seeking to increase FDI in insurance to 74% from 49%. It was recently approved…
According to the sources, the government may propose a 90-day time limit to avail deposit insurance cover. The government is working on Deposit Insurance Credit Guarantee Corporation (DICGC) Act amendments.…
Kotak Mahindra General Insurance Company Limited has recently announced the launch of its social campaign, #DriveLikeALady, to celebrate the International Women’s Week. As per its own experience, the company observed…
Liberty General Insurance has recently automated vehicle inspections for car insurance policy renewals and claim assessments using AI-based technology. This move is expected to transform the car inspection process replacing…
The Union cabinet has recently approved amendments to the Insurance Act for increasing the Foreign Direct Investment (FDI) limit to 74% from the present 49%. An official said that with…