A Surge in Claims Due to Seasonal Diseases The health insurance sector in India is witnessing a significant rise in claims due to seasonal infectious diseases. According to recent data,…
PhonePe Unveils Pre-Approved Term Life Insurance to Boost Financial Inclusion Key Points: PhonePe launches a pre-approved term life insurance feature. The new offering eliminates the need for income proof at…
State Consumer Commission Orders United India Insurance Co Ltd to Compensate Policyholder In a significant judgment that underscores the importance of adhering strictly to policy terms, the State Consumer Commission…
Key Points: Motor insurance's share in the non-life insurance industry has dropped below 30% for the first time, largely due to slowing car sales. Health insurance premiums have surged, accounting…
Nagaland, a mountainous state in northeast India, has renewed its groundbreaking parametric disaster insurance program, reaffirming its commitment to safeguarding critical infrastructure and ensuring rapid financial response to natural catastrophes.…
Life Insurance Corporation of India (LIC), the country’s largest insurer, has outlined an ambitious growth strategy for the upcoming fiscal year. LIC has projected a 2%-3% increase in its value…
In a significant move to support the victims of the devastating landslides in Wayanad, the Kerala government has established a dedicated task force to assist survivors in claiming insurance for…
Zurich Insurance Group AG announced a 7% increase in profits for the first half of the year, outperforming analysts' expectations despite challenges posed by adverse weather conditions. Zurich Insurance Group…
Reentry into Crop Insurance Shriram General Insurance Company (SGIC) will reenter the crop insurance sector after a seven-year hiatus. The company, jointly owned by Shriram Group and Sanlam Ltd, aims…
Claims Surge Vehicle insurance companies in Pune are overwhelmed with claims from damages caused by potholes and floodwater. The rainy season has led to numerous vehicle issues, including engine breakdowns…