IRDAI call: In a move aimed at democratizing insurance access, the Insurance Regulatory and Development Authority of India (IRDAI) has mandated life and general insurers...

Insurance

LIC reaches its peak April premium since 2014, boasting a collection of Rs 12,383.64 crore

Pravesh Kumar Mishra - 11/05/2024 0

LIC achieves its highest April premium: In April 2024, Life Insurance Corporation of India, the nation's largest life insurer, achieved its highest premium collection, surpassing...

Insurance

Health insurance: The government may propose a 12% GST rate, with the goal of enhancing coverage through a reduced rate

PJdesk - 06/05/2024 0

Health insurance news update: To enhance the affordability and appeal of health insurance, the government may propose reducing the GST tax rate to 12% from...

Insurance

Health insurance:Survey finds that 43% of policyholders encountered obstacles when trying to obtain claims following treatment

PJdesk - 03/05/2024 0

Health insurance claim hustle: Nearly 40% of patients encountered obstacles in securing their health insurance claims. A survey revealed that 43% of health insurance policyholders,...

Insurance

Insurance News: Jammu and Kashmir high court verdict may negatively impact over vehicle insurance claim

PJdesk - 02/05/2024 0

Insurance news update: The High Court of Jammu and Kashmir and Ladakh has determined that an insurance company cannot be held accountable to compensate an...

Insurance

The Reserve Bank of New Zealand warns that insurance could become prohibitively expensive for homes deemed high-risk

PJdesk - 30/04/2024 0

The Reserve Bank of New Zealand The Reserve Bank of New Zealand has cautioned that New Zealanders who own properties in flood-prone or earthquake-prone areas...

Insurance

GIC’s 10% stake would be sold by the government during the fiscal year 2025

PJdesk - 21/04/2024 0

GIC(General insurance corporation of India): A senior official informed FE that the government is considering selling a stake of up to 10% in the state-run...

Insurance

HDFC Life’s fourth-quarter results reveal a 13.7% year-on-year profit increase, surpassing expectations, reaching Rs 411.64 crore.

PJdesk - 19/04/2024 0

HDFC Life's fourth-quarter results: Private sector insurer HDFC Life Insurance reported a fiscal fourth-quarter profit of Rs 411.64 crore on Thursday, marking a 13.7% increase...

Insurance

IRDAI has included AYUSH treatment, starting from April 1, within the scope of health insurance coverage.

PJdesk - 13/04/2024 0

IRDAI has included AYUSH treatment The latest move stems from the growing demand for Ayush treatments, because of which there is a growing need to...

Insurance

Life insurance: life insurers are poised to encounter margin compression due to alterations in their product composition

PJdesk - 12/04/2024 0

Insurance hustle Life insurers are anticipated to encounter margin strain during the final quarter of the fiscal year 2023-24 (Q4 FY24) as a result of...

Insurance

LIC Housing Finance Limited faces a monetary penalty imposed by the RBI

PJdesk - 06/04/2024 0

LIC Housing Finance The Reserve Bank of India (RBI) has, by an order dated March 27, 2024, imposed a monetary penalty of ₹49,70,000/- (Rupees Forty-Nine...

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About 92 percent of Indian executives cite security vulnerabilities as the primary obstacle to responsible AI usage: Deloitte report

News PJdesk - 19/12/2024 0

According to the AI at a crossroads: Building trust as the path to scale report by Deloitte Asia Pacific, about 92 percent of Indian executives...

Insurance

Incarnation Specialty selects Intellect’s end-to-end underwriting ecosystem, eMACH.ai Xponent, along with InsureMO’s middleware capabilities

Insurance news updte: Severe thunderstorms push insured losses to USD 60 billion in the first half of 2024: Reports

LIC launches new term insurance products for young individuals

Swiss Re announces Anders Malmström as new finance leader

Swiss Re Institute: Robust economies set to drive insurance growth and profitability

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