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May 22, 2019 08:58 PM IST
IDBI Bank and LIC had entered into a bancassurance agreement in February 2019
May 22, 2019 02:35 PM IST
Majority of the complaints pertain to settlement of claims
May 21, 2019 08:30 PM IST
The working group has said that insurers should offer standard products to avoid confusion.
May 21, 2019 06:01 PM IST
Edelweiss Insurance Brokers offers general insurance solutions to individuals and corporates
May 21, 2019 04:00 PM IST
Motor third party premiums may be hiked between 4-21 percent for two wheelers and four wheelers
May 18, 2019 09:34 AM IST
Insurance companies wait for seven years before settling death claims in case of missing persons
May 17, 2019 10:46 PM IST
The Insurance Development and Regulatory Authority of India (Irdai) had constituted a working group on the standardization of exclusions in health insurance contracts.
May 16, 2019 10:00 PM IST
IRDAI has bought out a set of incidents that have to mandatorily covered under a health insurance product
May 16, 2019 08:04 PM IST
The insurer posted an underwriting loss of Rs 146 crore in the March quarter
May 16, 2019 11:52 AM IST
Under the new regulation, insurers are asked to regularly update applicants about the processing status. This will bring transparency to policies, where there is a medical underwriting or physical inspection involved.
May 15, 2019 07:55 PM IST
The insurer is a joint venture between Canara Bank, HSBC and Oriental Bank of Commerce.
May 15, 2019 02:07 PM IST
Listing would improve transparency and also improve access to capital.
May 14, 2019 10:45 AM IST
The restoration benefit is very useful in family-floater insurance policies.
May 13, 2019 06:37 PM IST
Valid for 28 days, the bundle gets renewed whenever a customer recharges their Airtel prepaid under this plan
May 13, 2019 05:08 PM IST
"The ITI management was very ambitious. They should have clarified the contours of what business they could write before signing up," said a senior official operating in the reinsurance space in India.
May 11, 2019 10:56 AM IST
Mobile-only insurance policies could be a reality in a few years.
May 09, 2019 08:38 AM IST
As per the prevailing regulations, about 18% GST is charged on the premium paid for Health Insurance. Under Section 80D of the Income Tax Act, the tax benefit can be claimed for the payment made for health insurance policies.
May 08, 2019 06:21 PM IST
Since both banks and insurance companies are in the financial services sector, lenders use insurers as a channel for growth.
May 07, 2019 01:55 PM IST
Insurers are in the process of sending surveyors and loss assessors to the affected regions in Odisha and parts of West Bengal
May 06, 2019 08:24 PM IST
According to insurance laws, one company cannot be a promoter of two insurance firms in the same category.
May 03, 2019 06:16 PM IST
The insurer saw a 8 percent YoY increase in total premium to Rs 1,933 crore
May 03, 2019 04:07 PM IST
Banks have been allowed to classify IL&FS and group companies as non-performing assets.
May 02, 2019 05:12 PM IST
Sources said that several employees above the age of 50 years have sought clarity from the government on their job positions after the merger.It is also estimated there could be a 30 percent reduction in the employee count through the use of Voluntary Retirement Scheme (VRS) and other mechanisms.
May 01, 2019 11:24 AM IST
Insurers are now in a hurry to rejig their portfolio towards highly rated debt instruments.
April 25, 2019 10:20 AM IST
Online ULIPs are now a transparent investment tool. The premium received under the policy, charges deducted, the current value of the investment through NAV disclosures, etc. every information is available easily and readily to the investor
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