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Insurance policy

16 Jan 2022

Insurance companies want 'waiting period' for Covid-infected patients

Last year's devastation caused by the second wave of the Covid 19 outbreak sparked a trend that is now a full-fledged policy for all insurance firms. Furthermore, depending on the severity of the infection, test results are required.

electronic wallet transactions

29 Jan 2017

Govt planning insurance guidelines for electronic wallet transactions

In order to work out a mechanism to enable an insurance framework for electronic wallet transactions, government has initiated talks with mobile wallet players and insurance companies.

03 Aug 2015

Check misuse of user-id, password: CVC to banks, insurance firms

It was also noticed that the officers were not frequently changing their password. "

16 Jul 2015

CCI imposes Rs 671 crore fine on four state-run insurers

Competition Commission has imposed a penalty of Rs 251.07 crore on New India Assurance, Rs 162.8 crore on National Insurance, Rs 156.62 crore on United India Insurance and Rs 100.56 crore on Oriental Insurance, respectively.

08 Apr 2015

Insurers allowed to set up offices in SEZs

Domestic and foreign insurance companies have been allowed to set up IFSC Insurance Office in special economic zones if they meet certain conditions.

05 Apr 2015

IRF turnover nears Rs 5 lakh cr-level in FY'15

The cash settled instrument, which was launched in the capital markets in January 2014, had recorded a turnover of Rs 39,944 crore during 2013-14.

insurance firms

05 Feb 2015

Insurance cos settled 90% claims made after HudHud: IRDA

Insurance companies have settled almost 90 percent of over Rs 2,700 crore claims made after 'Hudhud' cyclone in Visakhapatnam last year, a senior Insurance Regulatory and Development Authority of India official said on Thursday.

04 Jan 2015

Norms tightened for appointment of agents by insurers

Under the newly promulgated Ordinance, insurers cannot appoint any "principal agent, chief agent and special agent", neither they can transact any insurance business through them.

26 Oct 2014

Growth eludes life insurers except some bank-promoted players

Those having seen growth in individual premiums in first half included ICICI Pru, HDFC Life, Max Life and Kotak Life.

general insurance

14 Sep 2014

General insurance wage talks tomorrow; many ready to join NPS

The Monday's wage negotiations will be the second round on the issue, as the first round had already taken place earlier during the year.

Insurance policies

07 Sep 2014

New disclosure norms expose insurers' policy-retention claims

Barring a few, such as ICICI Prudential, Reliance Life and Kotak Life, most of the life insurance companies have disclosed lower 'persistency ratios' for the first quarter of the current fiscal ended June 30, as also for the full financial year ended March 31, 2015.

Union Budget 2014-15

23 Jun 2014

General insurance firms want tax sops to boost health cover

Right now government is almost paying from tax payers' money for any losses out of natural disasters as people are not accustomed to buy such cover.

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