New India targets 18% growth in premium income
G Srinivasan, Chairman and Managing Director, New India Assurance, stated that the company had achieved 19 % growth in premium income last year to reach Rs26,500 crore. “We are targeting…
Future Generali India Insurance wins Medallia Expy Customer Award
Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between retail game changers Future Group and global insurer Generali, won the ‘Optimize Every Experience…
Now Let Google Home Assist You with Your Queries on General Insurance
DIA, the AI Chatbot service of HDFC ERGO, will now be at your service on Google Home HDFC ERGO General Insurance Company, India’s third largest non-life insurance provider in the…
Bajaj Allianz General Insurance net up 27%
Bajaj Allianz General Insurance, the second-largest player and most-profitable general insurer in the industry, posted a 27 per cent increase in net profit at Rs. 921 crore for FY2017-18, compared…
Bodyline spells this IPL season turn a washout for insurers
With injuries to Kedar Jadhav, Suresh Raina, Shikhar Dhawan, Hardik Pandya and Bhuvneshwar Kumar in the 11th season of the Indian Premier League, insurance claims have started rolling in. Loss…
No mandating of cover for goods in transit; it’s insurers’ business: Gadkari
The Minister of Road Transport and Highways, Nitin Gadkari, has said that details of insurance will have to be decided between the consumer and the transporter. It is the job…
Ola launches riders’ in-trip insurance
Cab aggregator Ola today said it will offer in-trip insurance cover to riders, who can avail the service by paying Re 1 for intra-city travel. Ola has partnered with Acko…
Shriram General Insurance net up 82%
Shriram General Insurance posted an 82 per cent increase in its net profit at Rs. 400 crore in 2017-18. “Our net profit has risen mainly due to increase in investment…
Delayed claim settlement mars govt’s crop insurance scheme
The Narendra Modi-led central government’s ambitious Pradhan Mantri Fasal Bima Yojana (PMFBY), in the first two years of its operations, has been set back by issues like low coverage among…
SBI General Insurance net rises to Rs. 396 cr
SBI General Insurance, a non-life subsidiary of SBI, today reported three-fold jump in net profit to Rs 396 crore for the fiscal ended March 2018. The company, a joint venture…