The premium on health insurance policies have risen by 40-70% for policyholders after insurers hiked rates following a regulatory note to widen coverage and standardise conditions with regard to exclusions.…
Amidst no sign of reduction in Covid cases and subsequent cost of hospitalisation rising, IRDAI has advised insurance players to change their focus from hospitalisation to preventive care, especially home…
Premium on cyber insurance covers has risen by nearly 20% for corporates, as insurers witness a surge in cyber-attackswhich will result into more claims. Future Generali India Insurance (FGII) said…
Crop insurance premium portfolio declined in September after recording positive growth in the previous months, due to the lesser number of States participating in PMFBY. The gross direct premium for…
Insurers in the country have covered around 60 lakh lives under the two covid-19-specific policies, Corona Kavach and Corona Rakshak, Subhash Chandra Khuntia, chairman of the Insurance Regulatory and Development…
The Insurance Regulatory and Development Authority of India (Irdai) may soon allow insurers to leverage various electronic platforms to ensure ease of doing business. In a circular sent to all…
Insurers have seen more than 90,600 Covid-related claims worth Rs 1,463 crore, of which almost 60,000 claims amounting to Rs 563.81 crore have been settled. State-wise data shows, Maharashtra, which…
An insurance company can take action against a hospital for demanding advance from a policy holder who is supposed to get cashless service, an official of insurance regulator IRDA said.…
IRDAI has allowed life insurers to obtain customers consent by electronic means, in place of physical signatures in pure risk products till December 31,2020. This has been done taking into…
The Government of China is pushing the insurance companies to bring cheaper medical insurance policies related to the coronavirus. The government is also assuring the insurers of approving the new…