General insurers’ premium drops 4% in Sept
Non-life insurers are back in the red in the month of September with premium collection dipping 4.41 per cent, despite a jump in premium collection by standalone health insurers. In…
Millets covered under crop insurance scheme in Kerala
Millet crops have secured a place in the Restructured Weather based Crop Insurance Scheme (RWBCIS) implemented by Agriculture Insurance Company of India. As per the recommendations of the farming community,…
FASTag must for vehicle insurance from April ’21
From April next year, you won't be able to renew the third party insurance of your vehicle except for two and three-wheelers, if it doesn't have a valid FASTag. Moreover,…
InsuranceDekho to receive $20 mn funding from parent Girnar Soft
InsuranceDekho, India's leading insurance platform said that GirnarSoft has committed $20 million (around Rs. 147 crore) investment in the company. The firm will use the funding for "branding and strengthening…
ESI will settle Covid-related jobless claims within 15 days
Formal sector workers registered under the Employees' State Insurance (ESI) scheme will receive Covid-19-related unemployment cash allowance within 15 days of filing the claim. The ESI Corporation released the revised…
Mahindra Finance set to enter digital insurance broking segment
Mahindra Finance's insurance arm is set to enter the business of online broking giving digital services to the customers of its subsidiary, Mahindra Insurance Brokers, through a soon-to-be launched portal…
Insurers see turnaround in PMFBY from 2021
Insurance companies are hopeful of a turnaround in the government's flagship crop insurance scheme - the Pradhan Mantri Fasal Bima Yojana (PMFBY) - with new guidelines and use of innovative…
Non-life insurers see 10% rise in August premiums
Non-life insurers, which include general insurers, standalone health insurers and specialised PSU insurers, have seen a 10.38 per cent growth in premiums in August. They have amassed premiums to the…
GIC Re slips into the red with Q1 loss at Rs. 811 cr
India's largest reinsurer, General Insurance Corporation (GIC Re), recorded a pre-tax loss of Rs 811.22 crore in the first quarter, compared to a pre-tax profit of Rs 138.90 crore in…
Reliance General launches insurance gift card under sandbox guidelines
Reliance General Insurance has launched 'Insurance Gift Card' which will enable buyers to gift an insurance product. The product has been approved under the sandbox guidelines of the Insurance Regulatory…