Gross premium increased from $49 billion in 2011-12 to reach $72 billion in 2017-18, the report said.
In a filing to the stock exchanges, HDFC Standard Life said Chaudhry, Managing Director & CEO of the company, has tendered his resignation.
Insurers can test the product with a small set of customers or in a specific geography
As part of a deal, LIC will hold 51 percent stake in IDBI Bank
In case your ULIP schemes don’t give expected returns after computing or underperforms, you can switch to a better fund after the expiration of the lock-in period of 5 years.
Companies will be in a rush to buy cyber insurance once the draft becomes a law
This is after the Supreme Court stayed a previous order by Delhi HC that barred insurers from rejecting claims due to genetic disorders
Capital and good quality loans are the need of the hour for banks, and insurance being a non-core business provides good monetisation opportunity.
Majority of people are unaware of the process on how to file a claim in the event of their vehicle being hit by someone else’s vehicle
The sum assured for the cover ranges from Rs 50,000 to Rs 1 crore
LIC's total equity investments in FY18 stood at Rs 4.6 lakh crore
Economic Affairs Secretary Subhash Chandra Garg said markets regulator SEBI will have to take a decision on the open offer
LIC's board will discuss the turnaround strategy for IDBI Bank and management changes at today’s meeting
The first preference for any reinsurance contracts is given to GIC Re.
Jain added that incremental bad loans into the banking sector will be fewer than earlier
Manipal Group and TTK will jointly hold 51 percent while the rest will be held by Cigna Corporation
LIC collected new business premium of Rs 1.34 lakh crore capturing a market share of 69.4 percent in FY18
Insurers have been asked to ensure that there is no conflict of interest due to board appointments
Both the government as well as private insurance companies have policies designed for the differently-abled segment
The Motor Appellate Claims Tribunal hears cases filed by aggrieved parties in cases of deaths related to road accidents. These cases can drag on for years, if the parties do not come to an agreement on the compensation that needs to be paid to the next of kin.
The general insurance company is a wholly-owned subsidiary of Wadhawan Global Capital.
The product will be sold through insurance web aggregator PolicyBazaar
Premiums will rise 2.86-3.08 times and 2.45-5.61 times for new cars and bikes purchased after this date, respectively
Insurance agents earn renewal commissions on the products sold, which is discontinued if they lose their licence
Upto 50 percent discounts are being offered for spare parts of white goods damaged in the floods