Key Highlights Insurance Coverage: Under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), 131.3 lakh fishermen are covered by the Group Accidental Insurance Scheme (GAIS). The entire premium is borne by…
Strategic Collaboration Chola MS General Insurance Company, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited of Japan, has announced a strategic partnership with Mahindra Finance,…
Initiative Overview Max Life Insurance has announced the 'Aarohan' initiative to expand its distribution network by adding 75 new offices in Tier 3 and Tier 4 cities across India. The…
Strategic Expansion MDIndia Health Insurance TPA is enhancing its service network with a new office in Patna and two additional locations. This move underscores MDIndia's commitment to providing top-tier health…
Key Milestone ICICI Prudential Life Insurance Company announced that its assets under management (AUM) have reached Rs 3.14 lakh crore as of July 31. Coverage and Sum Assured The company…
Role of Political Risk Insurance TATA AIG General Insurance emphasizes the importance of political risk insurance as a critical risk management tool for businesses amidst global geopolitical crises like the…
Financial Infusion The government has clarified that there is no proposal to merge public sector general insurance companies. Minister of State for Finance Pankaj Chaudhary, in a written reply to…
New Insurance Plans The Life Insurance Corporation of India (LIC) has launched new term insurance products aimed at youth: LIC’s Yuva Term/Digi Term and LIC’s Yuva Credit Life/Digi Credit Life.…
Significant Revenue Collection The government informed Parliament that GST on health and life insurance brought in Rs 21,256 crore over the last three financial years, with Rs 8,263 crore collected…
Enhancing Profitability The finance ministry has directed state-owned general insurance companies to prioritize profitable ventures over merely chasing top-line growth. The government recently infused Rs 7,250 crore into three public…