India recently announced an ambitious plan called the National Health Protection Scheme (NHPS) to provide government-sponsored insurance to roughly 500 million people or nearly 40% of India’s population. Since the…
The Securities Appellate Tribunal (SAT) has asked the Insurance Regulatory and Development Authority of India (IRDAI) to pass a fresh order in a case involving alleged financial irregularities in awarding…
Expenses of General Insurers The gross commission expenses of public insurers, private general insurers, standalone health insurers and specialized insurers stood at Rs. 3625 crore, Rs. 2306 crore, Rs. 664…
All sizes of business are at risk of cyber-threats and data breaches. The repercussions of a cyber-attack can include litigation, damage to reputation and in some cases replacement of IT…
This is a package policy specially designed for small shopkeepers. It is a single policy combining the various insurance requirements of shopkeepers. Highlights This is a package policy specially designed…
LIC's Jeevan Pragati Plan is a non-linked, with - profits plan which offers a combination of protection and savings. This plan provides for automatic increase in risk cover after every…
Mr T S Vijayan, Chairman, IRDAI (retired recently) mentioned in the recently held 4th South Asian Regulators meet that India, Pakistan and Bangladesh together account for 23% of the world…
With increasing interactions with third parties, greater complexities around data privacy controls, technological advancements and increasing use of life insurance products as a lever for money laundering, the propensity for…
Premium The general insurance industry underwrote total direct premium of Rs.128128 crore in India for the year 2016-17 as against Rs.96379 crore in 2015-16, registering a growth rate of 32.94…
The merger of three state-owned insurance companies - United India Insurance (UII), National Insurance Company (NIC) and Oriental Insurance Company (OIC), proposed in this year's budget - to create the…