IRDAI imposes Rs. 30 lakh penalty on SBI General Insurance
IRDAI has imposed a monetary penalty of Rs. 30 lakh on SBI General Insurance Company for its failure to comply with the third-party motor insurance regulations. The company had failed…
GigIndia to provide Rs. 3 lakh insurance cover to active gig workers
GigIndia has recently announced that it will provide free COVID-19 health insurance to its active gig workers covering up to Rs. 3 lakh of medical expenses. Considering the adverse financial…
No insurance cover for person sitting on tractor’s wheels: Karnataka HC
The liability of a person sitting on the mudguard of a tractor is not required to be covered by a statutory insurance policy as contemplated by section 147(1) of Motor…
Egyptians to receive travel insurance on trips abroad: FRA
Egypt's Financial Regulatory Authority (FRA) has recently revealed that insurance companies licensed by the authority will provide an umbrella of insurance policies for citizens travelling abroad. The FRA also stated…
Employees State Insurance Corporation installs oxygen generation plants at Delhi hospitals
The Employees State Insurance Corporation has recently installed oxygen generation plants at its two hospitals in Delhi NCR area. These include a 440 LPM capacity plant at the ESIC Hospital…
Tata AIG General Insurance names Jitesh Bawa as new CHRO
Jitesh Bawa has been elevated as the CHRO (Chief Human Resources Officer) of Tata AIG General Insurance. Previously he was working as Senior Vice President - Human Resources. He comes…
Flipkart to cover insurance for all sellers in India and waive additional fees
Flipkart is exempting storage and cancellation charges for sellers on its market and likewise offering them with insurance coverage protection in order to take care of cordial relationships with greater…
US survey finds fear of losing health insurance, keeps 1 in 6 workers in their jobs
According to a new West Health-Gallup survey of more than 3,800 U.S. adults, one out of every six adult workers (16%) in the USA are staying in jobs they might…
Direct Insurance rebrands as Aventum
Direct Insurance, the fast growing independent International (Re)Insurance Group, has recently announced a global restructure and rebrand to Aventum. The move came with the focus to position the group for…
Guidewire unveils end-to-end usage-based insurance solution
Guidewire Software, Inc. has recently announced the availability of Guidewire's Usage-Based Insurance Solution. Designed with speed in mind, the UBI Solution can be deployed within 12 weeks and it supports…