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…
1. How has the insurance sector in Nepal evolved over the past decade? What are the most significant changes you have observed? The insurance sector in Nepal has really come…
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…
Agriculture Minister Shivraj Singh Chouhan announced that ₹1.6 lakh crore in insurance claims have been paid to farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY) since its inception in…
Growing Risks As climate change intensifies, vulnerable communities in India face increasing risks. The widening insurance coverage gap prevents many from protecting their livelihoods against extreme weather. Insurance Sector Challenges…
Partnership Announcement Capital Small Finance Bank (Capital SFB), India's first Small Finance Bank, and Edelweiss Life Insurance have announced a strategic partnership in Mumbai. This collaboration aims to provide Capital…
Background Goods and Services Tax (GST) authorities have issued notices to over 20 insurance companies, including HDFC Ergo and Star Health, demanding ₹2,000 crore in unpaid GST. These companies allegedly…