Future arm to raise Rs. 3,000 crore from insurance biz sale
Debt-ridden Future Group firm Future Enterprises Ltd expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt, which may save the company…
Faarms partners Reliance General to offer insurance to farmers
Agri-tech start-up FAARMS, in association with Reliance General Insurance Company Ltd. (RGICL), has introduced customized digital insurance solutions for the rural population especially the farmers. The partnership is aimed at…
Tata subsidiary joins insurance consortium for Air India cover
Within months of the Tata group taking over Air India, Tata Aig has joined a consortium to provide insurance cover to the airline. With that, Tata AIG General Insurance Company…
Public awareness needed for health insurance
Health insurance awareness must be increased to help India overcome a poor global ranking in patient safety, said KIMSHEALTH Chairman and Managing Director, MI Sahadulla. Even while improving its personalised…
IRDAI to relook at regulations to widen insurance penetration and give insurers more flexibility
The Insurance Regulatory and Development Authority of India (IRDAI) will relook at regulations, capital requirements and introduce new products to widen the penetration and give insurers more flexibility in their…
Insurance cover category for Indian exports to Russia modified
As the Russia-Ukraine conflict intensifies, raising concerns among Indian exporters, the Export Credit Guarantee Corporation of India (ECGC) clarified coverage on export transactions to Moscow has not been withdrawn. It…
Insurance firms step up stock purchases amid market swings
Domestic insurers, led by the Life Insurance Corporation of India (LIC), have stepped up their equity purchases amid relentless selling by foreign portfolio investors (FPIs). Since November last year, domestic…
Govt wary of insurance inflating healthcare costs
Revenue secretary Tarun Bajaj said that the government is wary about health insurance driving up healthcare inflation. Responding to a call from industry to reduce goods and services tax (GST)…
Insurance stocks continue to underperform
As the government and bankers gear up for the mega initial public offering of LIC, a niggling worry for them could be the lower appetite for insurance companies among investors…
Future Generali Launches Insurance Gifting Solution
Future Generali has launched two policies namely, those are Future Hospicash and Future Accident Suraksha with premiums starting from Rs 501. These policies will require no medical examination of the…