Non-life insurance companies’ premium fell 3.7 per cent on-year in August, after rising for 10 straight months, led by a substantial fall in crop insurance premiums. In the year-ago period,…
Government has proposed not to revise the annual motor third party (TP) premium and even suggested a reduction of premium in a couple of segments in FY 2023-24, which will…
The health insurance segment is on track to cross the Rs 1-trillion mark during the current financial year as the total premium already crossed Rs 90,000 crore in the previous…
More than 50% of vehicles on Indian roads are operating without the mandatory thirdparty insurance. This was disclosed by the government in response to a Parliament query. Minister of state…
Motor insurance premiums, riding on higher vehicle sales and repricing of third-party premiums, have compensated for the normalisation of growth in the health segment. This comes despite health insurance premiums…
PhonePe, India’s leading digital payments platform today announced the launch of its integrated multimedia brand campaign focused on tension-free motor insurance renewals. This pan-India campaign will be launched in a…
IRDAI has permitted general insurance companies to introduce tech-enabled concepts for the Motor Own Damage (OD) cover in order to offer customers usage-based insurance covers as add-ons to the basic…
Insurance companies will soon offer vehicle owners analytics-based insurance that include ‘pay as you drive’ policies and covers where the premium varies according to driving behaviour. Companies have also been…
The Centre approved the revised base premium rates for third-party motor vehicle insurance on Wednesday. From June 1, 2022, these new rates will come into effect. These rates were last…
The motor insurance industry in Asia-Pacific (APAC) is projected to grow from $226.0bn in 2020 to $294.2bn in 2025, in terms of written premiums, according to GlobalData, a leading data, and…