Govt equipped to handle any disaster at any time
The government declared that India, after directing its rescue and relief efforts in quake-struck Nepal, has emerged as a leading nation in disaster response. According to the minister for…
Llyod in its journey to India
Encouraged by the government's decision to push insurance reforms, UK-based re-insurance giant Llyod's today said it hoped to start operations in India in the next one year. "I…
More demand of Motor products online
A recent report given by Google India and ICICI Lombard General Insurance has revealed that in the non-life insurance segment, motor products are preferred online. The report adds online purchase…
Cabinet nods the insurance pension schemes operations
The Union Cabinet had approved the operation of three Centre-sponsored insurance and pension schemes - Atal Pension Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana…
Bajaj Allianz General net profit rises to 37%
Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562 crore for FY15. The company reported a 16 per cent growth…
United India declares Rs. 301 cr profit
United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The investment income of the Company for the year stood at Rs 2,126 crore…
GDP in motor insurance to cross Rs. 38,000 cr by 2016-17
The gross direct premium earned by general insurance companies from the motor vehicle industry in the own damage category is likely to reach Rs 38,200 crore mark by the end…
Insurance Demand
The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should be covered under insurance. Such a demand came after a devastating fire gutted the…
Insurers’ valuations may sink
Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution policy pursued by the regulator. Global insurance companies such as Dai-ichi and IAG (Insurance Australia…
Higher FDI will benefit insurers: Moody’s
The Moody's Investors Service believes that a higher foreign investment limit is "credit positive" for India's insurers as it will bring in fresh capital to strengthen their…