GIC Re increases rates of fire premium
General Insurance Corporation (GIC Re) has announced a hike in its premiums for the property insurance segment all over 291 occupancies under the fire portfolio. The increased premium came in…
Former CEO of Flipkart, Sachin Bansal, buys DHFL General Insurance
Sachin Bansal, co-founder and and former CEO of Flipkart, has acquired DHFL General Insurance from Wadhawan Group Capital (WGC). Bansal acquired the insurance company for around Rs 100 crore. With…
Deposit Insurance Corp receives claims of about Rs 14,100 crore
As per RBI, a total claim of about Rs 14,100 crore has been received by the Deposit Insurance and Credit Guarantee Corporation (DICGC), in case of defaulting co-operative banks amid…
United India and Oriental Insurance to receive approval for merger
The Board of Directors of Oriental Insurance Company Ltd. and United India Insurance Company Limited are likely to provide their approval for the merger at their meetings. “The boards of…
Deposit Insurance Corp receives claims of about Rs 14,100 crore
As per RBI, a total claim of about Rs 14,100 crore has been received by the Deposit Insurance and Credit Guarantee Corporation (DICGC), in case of defaulting co-operative banks amid…
United India and Oriental Insurance to receive approval for merger
The Board of Directors of Oriental Insurance Company Ltd. and United India Insurance Company Limited are likely to provide their approval for the merger at their meetings. “The boards of…
Big FM and HDFC ERGO General Insurance Launch ‘High Beam – Not Ok Please’ Campaign
BIG FM, one of the largest radio networks in the country, in association with HDFC ERGO General Insurance Company, India’s third-largest non-life insurance provider in the private sector, today announced the…
Bharti AXA records 46% growth in GWP in first half
Bharti AXA General Insurance has recently said the company has registered a 46 per cent rise in its gross written premium at Rs 1,586 crore in the first half of…
General insurers favour to increase FDI limit to 74%
General insurers are in complete support of raising foreign direct investment (FDI) limit in the sector to 74%. Recently, the General Insurance Council (GIC), the representative body of general insurance,…
Bharti AXA General Insurance Receives IRDAI Nod for Health and Motor Insurance Proposals under Sandbox Project
Bharti AXA General Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, today said it has received…