PSU general insurers had a higher exposure to Kerala and faced the impact of the insurance claims
The company has announced an interim dividend of Rs 1.60 per share.
Reinsurers have cited high losses and low premiums for their inability to offer support to the state-sponsored term insurance product
To find out more about IL&FS, watch Editor’s Take with Moneycontrol Corporate Bureau Chief Prince Thomas.
India, Bangladesh, Vietnam, Philippines and Indonesia are the most exposed countries to natural disasters
IL&FS board was taken over by six new members appointed by the government on October 1. Sources told Moneycontrol the immediate priority of the new board is to look at the sale of core assets to raise money.
Insurance Ombudsmen help settle disputes between policyholders and insurers
New business premium saw a 9 percent increase in Q2FY19
The insurer which will announce its Q2 earnings on October 20, saw a 12.5 percent increase in premium collection in H1
Private life insurers created hired 29,500 insurance agent jobs in the first half of FY19
Having your house insured can protect you from financial losses caused by fire or natural calamities like flood, earthquake.
These insurance companies had earned premium of Rs 17,514.64 crore in September 2017.
A critical illness such as cancer is a serious health condition that has a debilitating effect on an individual’s life
LIC had sought a higher valuation, keeping into account its investor interests
Traditional term insurance plans are believed to be the simplest and cheapest form of life insurance.
The insurance cover provides protection for accidents, medical emergencies, loss of baggage and event cancellation
Depending the risks that an insurer writes, the minimum capital requirements will be decided
Insurance being a contract between the insurer and policyholder, it is mandatory to diligently read the documents properly before signing
Payment of insurance claims in instalments will lead to lower financial support for families in dire need of lumpsum money
Here are some important reads for the week that appeared in personal finance section.
A working group has been set up by the regulator to look into this proposal
Edelweiss General Insurance began operations in 2018 and is the latest entrant in the non-life insurance market
The state-owned insurer may look at long-term securities for maintaining its assets and liabilities at optimum levels
The insured should inform the insurance company within 48 hours to 72 hours after your car meets an accident. Failing this, your claim can be rejected.
Of the all 24 life insurance companies, state-owned LIC witnessed a decline of nearly 30 per cent as premium income from new policies to Rs 10,778.81 crore in September as against Rs 15,302.99 crore in the same month previous year.