Insurance: News

26 Mar 2024


Natural disaster-related insured damages predicted to double in a decade

A study by the Swiss Re Institute forecasts a significant surge in insured damages from natural disasters, with an expected doubling over the next decade.

18 Mar 2024


India's insurance sector attracted Rs. 54,000cr FDI since 2014

Over the past nine years, India's insurance sector has seen a significant influx of foreign direct investment (FDI), totaling nearly Rs. 54,000 crore.

Drivers concerned as automakers share driving data with insurance companies

Automobile manufacturers, including General Motors, are sharing detailed driving data of their consumers with insurance companies.

11 Jan 2024

Stock Market

EaseMyTrip forays into insurance sector, stock surges 19%

Online travel platform EaseMyTrip, operated by Easy Trip Planners Ltd., saw its shares skyrocket over 19% today, after announcing its entry into the insurance sector.

LIC shares trade in red on Rs. 800cr GST notice

Shares of insurance giant Life Insurance Corporation of India (LIC) traded 1.5% lower at Rs. 851.30 in early trade on January 2 after the company was slapped a Rs. 806-crore GST notice.

07 Dec 2023


PhonePe now offers ACKO's car and bike insurance policies

ACKO General Insurance and PhonePe have joined forces to offer comprehensive car and bike insurance products directly to users via the PhonePe platform.

LIC, NIACL shares surge up to 19%: What's driving rally

On November 24, shares of public sector insurance companies like Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC), and the New India Assurance Company Limited (NIACL) soared by as much as 19%.

LIC targets double-digit growth in FY2024 with new product launches

Insurance giant Life Insurance Corporation (LIC) has big plans for the coming months, with the goal of achieving double-digit growth in new business premium this financial year.

Aviva Life Insurance's India office searched for alleged tax evasion

Income Tax Department officials recently conducted a search at the New Delhi office of Aviva Life Insurance, a subsidiary of the UK-based insurance giant.

02 Nov 2023


Zurich Insurance buys 51% stake in Kotak General Insurance 

Zurich Insurance Group has inked a definitive deal to acquire a 51% stake in Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) for around Rs. 4,051 crore.

27 Oct 2023

Stock Market

SBI Life Insurance's Q2 net profit stands at Rs. 380cr

SBI Life Insurance reported a mere 1% rise in net profit for the July-September quarter of FY24, reaching Rs. 380 crore, an increase from Rs. 376.4 crore during the same period last year.

LIC launches 'Jeevan Kiran' plan: All you need to know

On Thursday, the Life Insurance Corporation of India (LIC) unveiled "Jeevan Kiran," a new life insurance plan that combines life cover with a return of premium.

06 Jul 2023

Electric Vehicles

Buying insurance for your EV? Know coverage and premium rates

The electric vehicle segment has been rising rapidly in India over the past few years. More people are opting for EVs—both two-wheelers and four-wheelers—as their primary mode of transportation for daily commutes within city limits.

14 Apr 2023

Health & Wellness

5 terms you must know before buying health insurance

We all know that health insurance is no more a choice but a necessity in today's world.

11 Apr 2023


Should 'pawrents' consider getting health insurance for pets

As a pet parent, you would want to ensure your furry friend receives the best possible care.

18 Feb 2023

Health & Wellness

Health insurance is no more a choice but a necessity

As we age, our stress-taking capacities reduce, but the responsibilities on our shoulders don't, rather, they get heavier with time.

19 Jan 2023


Telangana official kills man, fakes death to claim insurance money

An assistant section officer (ASO) of the Telangana government allegedly faked his own death to claim insurance funds of over Rs. 7 crore, PTI reported.

17 Jun 2022

Indian Army

#NewsBytesExplainer: What salary package, benefits Agnipath scheme offers to Agniveers

The central government has launched the Agnipath military recruitment scheme, which would recruit personnel for the armed forces for a four-year term.

11 Jun 2022


Woman contracts STD in car; vehicle insurer to pay $5.2M

A US woman—who allegedly caught a sexually transmitted disease (STD) from her former romantic partner in his GEICO-insured vehicle—has been awarded $5.2 million in a settlement from the insurance company.

SC notice to Centre, IRDAI over insurance for mental illnesses

The Supreme Court on Tuesday sent notices to the Centre and the Insurance Regulatory Development Authority of India (IRDAI) on a plea seeking financial cover for mental illnesses.

18 Nov 2019


#FinancialBytes: Six common myths around health insurance policies, busted!

Health insurance is an important financial product and investing in it is essential to protect one's finances in the event of any illness.

25 Sep 2019


Buying a pet insurance? Here's what you need to do

How unfair would it be to leave out a member of your family while buying a group insurance?

13 Sep 2019


Frenchman dies during sex on work trip, company held "responsible"

A French company is being held accountable for the death of an employee, who suffered a heart attack while having sex on a business trip.

20 Feb 2019


Sakshi Tanwar's father duped of Rs. 9 lakh, accused arrested

Television actress Sakshi Tanwar's father Rajendra Tanwar was allegedly conned of Rs. 9 lakh recently.

27 Jan 2019


Maharashtra: Six held for creating fake death-certificates to claim insurance

Six persons, including two doctors and a civic-run crematorium employee, were arrested in Thane, Maharashtra, for allegedly creating fake death certificates to claim insurance, police said today.

04 Jan 2019


Railway ticketing, Aadhaar, GST, more: Major policy changes in 2019

Apart from celebrating endings and beginnings, and cooking life-amending resolutions, New year is also a good time to look ahead for official policy changes taking place in the coming year.

31 Dec 2018


#PolicyExplainer: Everything you should know about government's Suraksha Bima Yojana

Having a personal accident and disability insurance cover has become a necessity for financial security in case of disability or death in road accidents.

29 Dec 2018


#PolicyExplainer: Get Rs. 2,00,000 life-insurance at Rs. 330/year with PMJJBY

Life insurance is one of the most important financial products to have. It is the best way to protect one's family and their future in case of the policyholder's untimely demise.

28 Dec 2018


#PolicyExplainer: What is Ayushman Bharat and how to avail it?

A majority of Indians lack access to health insurance and modern healthcare, which is one of the biggest challenges faced especially by the poor.

21 Nov 2018


#FinancialBytes: 6 common myths around health insurance policies, busted!

Health insurance is an important financial product and investing in it is essential to protect one's finances in the event of any illness.

25 Sep 2018


You can now make insurance claims via WhatsApp

In a bid to streamline the otherwise pesky task of processing claims, Bharti AXA has launched a novel service that allows claim intimation via WhatsApp.

23 Sep 2018

Madras High Court

IRDAI hikes insurance cover for motor owner-driver to Rs. 15L

All car and bike owners will now get a personal accident cover of Rs. 15 lakh for an annual premium of Rs. 750 as the Insurance Regulatory and Development Authority of India (IRDAI) has raised the minimum insurance cover.

01 Sep 2018


#FinancialBytes: 6 tips to lower your health insurance premiums

With medical inflation reaching an all-time high, falling sick, even once in a while, can take a toll not only on your physical health, but also on your financial well-being.

29 Aug 2018


#KeralaFloods: More than 11,000 insurance claims worth Rs. 1,200cr filed

More than 11,000 claims worth an estimated Rs. 1,200cr have been filed by flood-affected people in Kerala.

25 Aug 2018


1.2 crore jobs created in India in 10 months

Nearly 1.2 crore jobs were created in the country in the 10-month period till June this year, as per a Central Statistics Office (CSO) report.

24 Aug 2018


Gadget Insurance: Why and how to get your gadgets insured?

Right from preparing work presentations to doing school assignments, handling work communication to staying in touch, getting food delivered to calling cabs, our tech toys (smartphones, laptops, smartwatches) pretty much sort our lives out.

15 Aug 2018

Indian Railways

Railways will start charging for travel insurance from September 1

The free travel insurance offered by the Indian Railways will cease to exist from September 1 this year, said a senior Railways official.

12 Aug 2018


What is cyber insurance and why do you need it?

Generally, wherever there is a threat, there's an insurance company working against it.

09 Aug 2018

Narendra Modi

#PolicyExplainer: Pradhan Mantri Suraksha Bima Yojana at just Rs. 12

One cannot emphasize enough the need for having personal accident coverage in today's world. But not everyone can afford accidental insurance as the premium rates are often too high.

26 Jun 2018


#PolicyExplainer: All about Pradhan Mantri Jeevan Jyoti Bima Yojana

The Government of India launched a life insurance scheme called 'Pradhan Mantri Jeevan Jyoti Bima Yojana' (PMJJBY) in 2015, offering coverage for death.

21 Jun 2018


#FinancialBytes: How to port your health insurance

Are you unhappy with your health insurer? Well, then you do have an option to port your health insurance to another insurer, which can offer you better facilities.

22 Apr 2018


#FinancialBytes: 6 best Life Insurance policies available in India

Almost everyone has heard of "Life Insurance". It is one of the safest and best ways to protect one's family and their future in case of the policyholder's untimely demise.

28 Mar 2018


Bengaluru: 'Newborn' redefined, more insurance benefits for neonatal ICU kids

The increasing need for neonatal care has given way to a new definition of 'newborn' by the IRDA.

Filling tax returns: 6 things to do before March 31

There are two weeks left to file income tax returns for the past financial year. The deadline is March 31.

10 Mar 2018


Motor vehicle third-party insurance premiums to get cheaper

Vehicle owners might be in for some good news as a proposal to lower premiums for the mandatory motor vehicle third-party (TP) insurance cover has been put into place.

01 Feb 2018


#DecodingBudget: Jaitley announces Modicare, world's biggest government-funded scheme

In one of the biggest budget announcements, FM Arun Jaitley unveiled a new National Health Protection Scheme (NHPS).

28 Dec 2017


#WhatTheHealth: Indian healthcare system still has hope. Here's why

We have one doctor for 1674 people. Healthcare expenditure is out-of-pocket for 62% Indians, forcing over 63 million into poverty every year.

#WhatTheHealth: Know when a hospital is overcharging. Here's how

Even at a time when hospitals are under fire for rampant malpractices, you can get quality treatment without denting your pocket. All you need is preparedness and planning.

What is FRDI Bill? How does it protect your bank-deposits?

Most of us have bank accounts, but the funds held in these savings accounts aren't really safe if the banks fail.

16 Nov 2017


Aadhaar-insurance policy linking: Deadline, process, consequences and more

The IRDAI (Insurance Regulatory and Development Authority of India) recently announced that linking Aadhaar to insurance policies, both general and life, is mandatory.

29 Sep 2017


Consumer court orders insurer to pay theft-claim for unlocked car

A Mumbai consumer court ordered TATA AIG General Insurance to pay Rs. 5.22L and Rs. 40,000 compensation to a Skoda car owner in a 2015 case.

SBI Life Insurance's Rs. 8,500 crore IPO receives SEBI nod

According to reports, Securities and Exchange Board of India (SEBI) has given approval for the initial public offering (IPO) of SBI Life Insurance Co. Ltd, which is a joint venture between State Bank of India and BNP Paribas Cardif.

23 Aug 2017

Indian Railways

Get Indian Railways' Rs. 10lakh travel insurance for 92 paise

When Rs. 10 lakh travel insurance costs just 92 paise, it's a no-brainer that one should definitely take it.

10 Aug 2017


No insurance for cars without 'pollution under control' certificate: SC

According to a new directive by the SC, insurance of cars that don't have pollution under control (PUC) certificates won't be renewed.

30 Jun 2017


Personal accident insurance: A bonus during monsoon?

Come monsoon, many across India will look for ways to battle the rising casualties on the road.

10 Aug 2016


HDFC and Max to merge their life insurance businesses

HDFC and Max Group announced the merger deal of their life insurance businesses.

07 Aug 2016


IRDA issues remuneration guidelines; caps CEO's salary at Rs.1.5 cr

In a first, the Insurance Regulatory and Development Authority (IRDA) of India issued remuneration guidelines for non-executive and managing directors at insurance companies.