As insurers are engaged in talks with the reinsurers on the quantum of the hike, term plan premiums are set to become costlier for policyholders. The term plan premiums hike is likely to affect policyholders' pockets.
Covid-19 death claims in Q1 were higher than the cumulative claims in the entire FY21, resulting hike in term insurance policy premiums.
According to the statement of objects and reasons of the general insurance amendment bill, it seeks to remove the requirement that the central government should hold not less than 51 per cent of the equity capital in a specified insurer.
The finance ministry on Friday asked state governments to accord priority to employees of banks and insurance companies for COVID-19 vaccination, saying they are exposed to high risks during these difficult times.
Among these, 25 general insurance companies witnessed 10.8 per cent increase in their collective premium in the first month of 2021 at Rs 16,247.24 crore as against Rs 14,663.40 crore in January 2020, according to Insurance Regulatory and Development Authority of India (Irdai) data.
Kent Michitsch seemed to be running out of traditional options to insure the home he’s lived in for more than 30 years northeast of San Diego as California’s massive property insurance market reels from three consecutive years of destructive wildfires.
The accident took place on May 15, 2011 at Dombivli-Kalyan road when a speeding car rammed into the stationary vehicle the deceased Mayur Davda, an employee of a private airline, was sitting in, killing him on the spot.
The Delhi High Court has slapped a Rs 10 lakh fine on Policybazaar, an online platform that aggregates insurance plans and serves as a marketplace for policies, for concealing facts to obtain a favourable order in a trademark infringement case filed by it against an insurance company.
The Cabinet Committee on Economic Affairs on Wednesday has given its green signal to go ahead with the listing of five public sector general insurance companies in the stock exchanges. Finance Minister Arun Jaitley said
Chennai: Employees of public sector banks and government-owned non-life insurance companies would go on strike on Wednesday to protest against the anti-trade union and worker policies of the central government, union leaders said on Tuesday."The
Mumbai: Confident about further growth in its mutual fund and securities market businesses, financial sector conglomerate Reliance Capital expects a turnaround in its life insurance business as well in 2015.Besides, the group should record faster
New Delhi, May 6 : An investigative website Cobrapost Monday alleged that at least 23 top public and private banks and insurance companies have been doing large-scale money laundering. Several of the firms named denied
New Delhi, Oct 7: The Finance Ministry has issued summons to about a dozen insurance firms seeking documents pertaining to sale of insurance policies and commission paid to their field associates as part of its
Top News
Latest News
