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General insurance News

Health insurance

27 Jan 2024

Pick Any Hospital For Treatment With New Game-Changer Health Insurance Rule

This new norm came into effect starting January 25. The Cashless Everywhere offers policyholders the flexibility to select any hospital for their treatment. The initiative is launched by the General Insurance Council.

18 Jul 2023

PhonePe Launches Health Insurance Platform With Monthly Subscriptions

These health insurance plans, which come with coverage up to Rs 1 crore, allow users to choose any hospital room without any cap/limit.

14 Jul 2023

6 Tips For Avoiding Claim Rejection And Resolving Disputes In Health Insurance

By being proactive and well-informed, consumers can protect their rights as policyholders and ensure smooth healthcare financing through their health insurance coverage.

11 Jan 2023

Five trends that will shape the life insurance industry in 2023

Casparus J H Kromhout, MD & CEO, Shriram Life Insurance has spoken elaborately with Reema Sharma of Zee Media regarding Five trends that will shape the life insurance industry in 2023

insurance agents

12 Sep 2022

Customers will get agent portability option soon, check details

Policyholders will get an option of agent portability soon. IRDAI is going to change the existing rule. Customers can change agents through the insurance exchange.

31 Aug 2022

THESE 7 changes to impact your finances from Sept 1: See list

28 Aug 2022

ICICI Lombard General Insurance Co launched 14 products; Check details

ICICI Lombard has launched 14 products for customers. They cover across health, motor, and corporate insurance segments. They offers riders, add-ons, and upgrades on existing policies.

Third Party Motor Insurance

06 Mar 2022

Centre proposes hike in third-party motor insurance premiums

Taxi, truck and bus owners will have to loosen their purse strings for buying third-party motor insurance. The government also proposed a discount of 15 per cent on the insurance premium for electric vehicles (EVs). Hybrid electric vehicle owners can also avail of a 7.5 per cent discount on the purchase of third-party motor insurance.

Third Party Motor Insurance

12 Jan 2022

Third-party motor insurance premiums could hike in 2022: Report

Insurance firms have sent a proposal to the Insurance and Regulatory Development Authority of India. Insurance companies were planning to increase the premiums of third party motor insurance before the pandemic. About 25 General Insurance firms are reportedly hoping to receive a nod from IRDAI to hike the premiums.

general insurance

20 Nov 2021

60,000 PSU workers could soon get 15% wage revision, check if you're eligible

The wage revisions for 60,000 PSU employees will take place in the year 2021. This means that the announcement will be made soon in the coming days. Wage revision usually takes place once in five years.

general insurance

30 Jul 2021

Bill to amend general insurance law introduced in Lok Sabha

Introducing the General Insurance Business (Nationalisation) Amendment Bill, 2021, Sitharaman said its passage will help generate required resources from the Indian markets so that public sector general insurers can design innovative products.

Insurance Regulatory and Development Authority of India

06 Apr 2021

New IRDAI rules for designing, pricing of general insurance products

New product filing guidelines. Companies to justify the pricing of the policy. New guidelines to protect the interests of policy holders.

26 Feb 2021

Insurers to offer standard personal accident cover of upto Rs 1 cr from Apr 1

Standard personal accident insurance product. Product name Saral Suraksha Bima. Minimum sum assured of Rs 2.5 lakh.

general insurance

06 Sep 2019

Centre to infuse Rs 12,000 crore in state general insurance firms

The Budget had provisioned Rs 70,000 crore for PSB recapitalisation and last week a Rs 55,250-crore infusion was announced in several PSBs for regulatory and growth requirements.

general insurance

12 Jun 2019

Emerging Trends in General Insurance – India 2019

2018 proved to be an interesting year for the insurance industry with various developments.

16 Mar 2018

What are the key differences between Life and General Insurance?

When it comes to insurance policies, the options are countless due to which it can get confusing to know which ones to opt for.

general insurance

13 Oct 2017

General Insurance IPO oversubscribed 1.37 times on last day

The category reserved for qualified institutional buyers (QIBs) was oversubscribed 2.25 times, non institutional investors 22 percent and retail investors 60 percent, merchant banking sources said.

07 Jul 2017

Tokio Marine raises stake in IFFCO-Tokio to 49%

The deal values the company at Rs 11,000 crore and Tokio Marine paid Rs 2,530 crore for 23 percent stake.

general insurance

31 Mar 2017

Car, motorcycle and health insurance will cost more from tomorrow

Car, motorcycle and health insurance will cost more from April 1 with regulator Irdai giving go-ahead.

general insurance

27 Mar 2017

Premium of Cars, Bikes and health insurance to be increased from April

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