Uttarakhand tragedy: disaster preparedness at major pilgrimage sites
Thousands lost their lives in the recent Uttarakhand floods. Estimates vary — a little over a thousand says the government, 11,000 says UN. Among those who died,…
General insurers to monitor accidents on highways
Armed with the startling revelation that road accidents claim one life every four minutes in India , the general insurance companies are planning to launch a new…
Term insurance plans have highest lapsation rate: Survey
According to a recent report titled “ Life Insurance Thematic: Let’s not give up on life yet”Espirito Santo Securities, term insurance policy in India have the highest…
Premiums set to grow throughout the insurance industry: Swiss Re
The insurance industry which is having troubles presently with natural disasters is likely to see some of its current troubles dissipate with the coming of higher premiums…
Ahmedabad Rath Yatra insured Rs 1.5 crore
The Annual Jagannath Rath Yatra at Ahmedabad has been insured Rs 1.5 crore this year up from Rs 1 crore last year.
TCS launches insurance app for smartphones
Tata Consultancy Services recently launched TCS Insurance QuickPass – an application that allows insured drivers to maintain a true “digital wallet” that includes a digital version of…
CCI rejects abuse of dominance by United India Insurance
The Competition Commission has ruled out allegations of abuse of dominance against United India Insurance Co and its third party administrator E-Meditak in the market for medical…
United India plans to enter the SAARC & Gulf market
United India Insurance Company Ltd is planning to enter the the SAARC and the Gulf markets for general insurance during the course of this year The company…
GIC Re to implement construction codes in disaster prone areas
With the recent flashfloods at Uttarakhand acting as a wake up call, GIC Re chairman cum managing director Ashok K Roy said the reinsurer would insist on…
United India Insurance presents dividend cheque to FM
Milind Kharat, CMD, United India Insurance Company presented a Dividend cheque of Rs. 106cr for the year 2012-13 to the Hon. Union Finance Minister P Chidambaram at…