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…
On its 106th Foundation Day, New India Assurance, a leader in the non-life insurance sector, unveiled four innovative long-term insurance products across health, motor, and property segments. These new offerings…
ICICI Lombard General Insurance reported a nearly 49% increase in first-quarter profit, reaching 5.80 billion rupees ($69.4 million), compared to 3.90 billion rupees the previous year. The surge was driven…
Bajaj Capital Insurance has unveiled a groundbreaking new Pet Insurance segment, now available on BajajCapitalInsurance.com. This innovative offering allows pet parents to compare and choose policies tailored specifically for their…
Vadodara Incident Leaves Six Injured in Insurance Office Fire A fire broke out at the Shriram General Insurance Company office on OP Road, Vadodara, around 11 am, injuring six people,…