May 2023 - Insurance Times

About Shri Satyajit Tripathy Government of India has appointed Shri Satyajit Tripathy on 4th September 2021 as Chairman-cum-Managing Director  of United India Insurance Company Limited, the second largest Public Sector …

OVERVIEW OF EVs IN INDIA Electric vehicles (EVs) are rapidly gaining popularity around the world due to their environmental friendliness and low cost. India, one of the world's largest automobile…

The challenges insurers face range from economic hurdles such as the potential for sustained inflation; to sustainability concerns including climate risk, diversity, and financial inclusion; to rapidly evolving consumer product…

IRDAI has issued license to new companies Acko Life Insurance Ltd. and  Credit Access Life Insurance Ltd. With these two additions, the total number of  life insurers operating in India…

The ultimate objective of the Insurance practice is to indemnify the insured/business at the time of happening of any uncertain event. The experience of consumers in claim settlement should be…

SBI General Insurance, launched a fully customizable digital-only health product 'Health Edge Insurance'. The policy offers a single comprehensive plan with 9 basic indemnity covers and 18 optional covers, allowing…

ACKO General Insurance launched "Extended Battery Warranty" plan, targeting electric vehicle (EV) owners. The policy is designed to boost EV affordability by enabling banks to lengthen loan terms and reduce…

IRDAI has introduced direct plans in insurance from April 1, 2023. The insurance regulator has asked insurance companies - life, non-life and standalone health insurers to devise a board approved…

ETAP, an African insurtech company, has launched ETAP Takaful, a new ethical car insurance product based on Islamic principles. Unlike conventional insurance, ETAP Takaful is designed to redistribute funds to…

Haris Marine Products Vs Export Credit Guarantee Corporation (ECGC) Limited (Supreme Court)  An interesting issue arose in this case when three judges bench of Supreme Court was called upon to…