Insurance
IRDAI extends life and health insurance accessibility to grassroots levels.
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...
LIC reaches its peak April premium since 2014, boasting a collection of Rs 12,383.64 crore
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...
Health insurance: The government may propose a 12% GST rate, with the goal of enhancing coverage through a reduced rate
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...
Health insurance:Survey finds that 43% of policyholders encountered obstacles when trying to obtain claims following treatment
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 News: Jammu and Kashmir high court verdict may negatively impact over vehicle insurance claim
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...
The Reserve Bank of New Zealand warns that insurance could become prohibitively expensive for homes deemed high-risk
The Reserve Bank of New ZealandThe Reserve Bank of New Zealand has cautioned that New Zealanders who own properties in flood-prone or earthquake-prone areas...
GIC’s 10% stake would be sold by the government during the fiscal year 2025
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...
HDFC Life’s fourth-quarter results reveal a 13.7% year-on-year profit increase, surpassing expectations, reaching Rs 411.64 crore.
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...
IRDAI has included AYUSH treatment, starting from April 1, within the scope of health insurance coverage.
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...
Life insurance: life insurers are poised to encounter margin compression due to alterations in their product composition
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...
LIC Housing Finance Limited faces a monetary penalty imposed by the RBI
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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