After the recent hike in the premium rate, theIRDAI relaxed capital requirement norms significantly for insurers to encourage their participation in the government’s flagship programme Pradhan Mantri Jeevan Jyoti Bima…
After a lull, there is once again an increase in claims related to Covid in the wake of increasing cases, according to insurers. Major general insurers and standalone health cover…
In order to increase insurance penetration and provide a wider choice to policyholders, IRDAI has allowed insurance companies to design new and customised products for dwellings, micro and small enterprises…
The government may infuse Rs 3,000-5,000 crore additional capital in the three public sector general insurance companies based on their performance and requirement during the year, sources said. The capital…
Despite rising incidents of two-wheeler electric vehicles (EVs)catching fire, General Insurance companies are not planning to increase premiums immediately as claims are still in single digits. The insurers said they…
Some Non-life Insurers, which had not revised rates during the pandemic, have now sought a revision in pricing to keep up with medical inflation. The regulator allows insurers to revise…
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…
A majority of individuals want insurance companies to restart sending them physical copies of their insurance documents along with digital format as COVID-19 cases have ebbed, according to a survey.…
General insurance companies are seeking parity with banks and other lenders for them to be able to get into providing surety bonds for contractors bidding for large projects. The Union…
Insurance companies have begun to either reduce or completely remove the cooling-off period to purchase health insurance for people who were infected with Covid-19 in the past. With the severity…