Key Points: Jio Financial, led by Mukesh Ambani, and German insurance giant Allianz SE are in early talks to establish life and general insurance joint ventures in India. Allianz may…
Key Points: State Consumer Disputes Redressal Commission of Chandigarh upholds Rs 1.35 crore payout to family of Gaurav Sharma, who died due to Covid-19. Gaurav Sharma had made his premium…
A New Era in Senior Citizen Healthcare: Comprehensive Insurance with No Upper Age Limit Key Points: Narayana Health introduces an affordable health cover of up to Rs 1 crore for…
IRDAI’s Surrender Value Reforms Trigger Industry-Wide Response Key Points: LIC agents express concerns about recent commission reductions and a proposed clawback clause, potentially affecting earnings. New surrender value norms, effective…
Reaching New Heights in Insurance Penetration through Technology Key Points: India’s insurance sector, currently ranked as the tenth-largest globally, has vast growth potential, particularly with a national goal to insure…
In response to evolving fraud challenges, the Insurance Regulatory and Development Authority of India (IRDAI) has released a draft of new guidelines aimed at creating a robust insurance fraud monitoring…
In a move that could reshape India’s insurance market, InsuranceDekho, backed by TVS Capital Funds and Investcorp, is in advanced discussions to merge with competitor RenewBuy, reports Mint. This anticipated…
National Insurance Company (NIC), currently facing a substantial solvency shortfall of ₹8,000 crore, is making strategic moves to bridge the gap by identifying several high-value assets for sale. With its…
India's ambitious target for universal insurance coverage by 2047 is being bolstered by the rapid growth of micro-insurance policies, particularly among underserved and low-income segments. These policies have significantly contributed…
The Central Bank of India has received approval from the Competition Commission of India (CCI) to proceed with the acquisition of stakes in Future Generali's insurance businesses. The acquisition involves…