UP CM Yogi Adityanath announces 2 insurance schemes for UP laborers
Uttar Pradesh Chief Minister Yogi Adityanath has recently announced two schemes for the laborers of the state. In the first scheme, an insurance cover of Rs. 2 lakh will be…
EPFO hikes death insurance under EDLI scheme to Rs. 7 lakh
Employees' Provident Fund Organisation has recently raised the death insurance benefits for subscribers of its employees' deposit-linked insurance (EDLI) scheme, at a time the COVID-19 pandemic is wreaking havoc across…
LIC: World’s 3rd strongest & 10th most valuable insurance brand
According to a recent study by Brand Finance Insurance 100 2021, Life Insurance Corporation has emerged as the third strongest and tenth most valuable insurance brand globally. As the insurance…
Settle COVID-related cashless insurance claims within 1 hour: IRDAI
IRDAI has recently directed all the insurers to decide on cashless COVID-19 treatment claims within 60 minutes of the receipt of final bill so that the hospital bed can be…
Coal plant insurance witnesses green hurdles
Thermal power plants are finding it difficult to obtain reinsurance cover in international markets as global giants tighten their environment, social and governance (ESG) policies. This has created capacity constraints…
Lemonade well-positioned to capitalize on motor insurance post-COVID-19 with its digital and value-first approach, says GlobalData
Lemonade’s digital and value-first approach is well-suited to the post-pandemic world and provides an opportunity for the insurer to capitalize on the motor industry, says GlobalData, a leading data…
Global Insurance Industry to Grow at 3.5% CAGR to $7.5 Trillion by 2025
The worldwide insurance sector was one of the few to go against the grain and maintain an uptrend during the pandemic. It is expected to maintain robust growth in the…
Investments into data analytics set to pick up pace as it remains a key insurance theme, says GlobalData
The COVID-19 pandemic hit investor confidence and halted business, which led to investments into big data declining, but it is a temporary decline and the theme remains critical to insurance,…
SBI General Insurance to bear costs of COVID-19 vaccination for active agents, POSPs
SBI General Insurance (SBIG) has recently declared that it will bear the costs of COVID-19 vaccination for its active agents and Point Of Sale Persons (POSPs). The vaccination is extended…
More COVID-19 survivors to opt for life insurance in the country: HDFC Life CEO
A good number of COVID-19 survivors will opt for life insurance in the country, remarked Vibha Padalkar, MD and CEO of HDFC Life Insurance Company Ltd, while announcing the company's…