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India tag returned 878 results

  • India: Govt looks at revising rules to quicken crop insurance payouts

    The Agriculture Ministry plans to issue new operational guidelines for its flagship crop insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY), with the goal of cutting delays in settling claims.

    Asia | 23 Jul 2019
  • India: Life insurance giant to offer US$18bn line of credit for highway projects

    Insurance giant LIC has agreed to offer a line of credit amounting to INR1,250bn ($18bn) by 2024 to fund highway projects, Union Minister Nitin Gadkari has said.

    Asia | 22 Jul 2019
  • Infrastructure suffered major insured losses in 2018 Kerala floods

    Cochin International Airport (CIAL) and Kochi Metro are the two major insurance claimants from the deluge that ravaged the southern Indian state of Kerala in August 2018.

    AIRPlus | 19 Jul 2019
  • India: Motor premium income slows as auto sales dip

    Insurers are beginning to see motor premium growth stall as sales in the auto market weaken. Motor is the biggest or the second largest line of business for most insurers in the country.

    Asia | 19 Jul 2019
  • India: Revised product rules improve terms for policyholders

    The IRDAI has published revised regulations governing unit-linked and non-linked insurance products.

    Asia | 18 Jul 2019
  • Singapore-headquartered marine underwriter receives approval to operate in India

    EF Marine is now an approved insurance provider for ships entering Indian territorial waters in accordance to the country's merchant shipping rules stipulated by the Directorate General of Shipping. The marine underwriter provides fixed premium protection and indemnity (P&I) solutions to ship-owners, charterers and multimodal operators with Swiss Re Corporate Solutions being its exclusive insurance carrier for all products.

    Asia | 17 Jul 2019
  • India: Persistency ratio stands at less than 50% in 61st month

    India's life insurance industry has reported a persistency ratio of 47% in the 61st month for the financial year ended 31 March 2019 (FY19). This means that less than half of life policies continue into the sixth year.

    Asia | 17 Jul 2019
  • Cycling for a healthy future

    Employees of Liberty General Insurance cycled through the busy streets of Mumbai to create awareness on the importance of following traffic rules and the dangers of increasing air pollution.

    AIRPlus | 16 Jul 2019
  • India: Regulator proposes changes to rules for third party administrators

    Health insurance policyholders in India could soon be able to select a third party administrator (TPA) of their own choice to service claims on their health insurance policies, depending on their insurer's ties with TPAs.

    Asia | 16 Jul 2019
  • India: IRDAI clarifies new regulations for motor insurance

    The Insurance Regulatory and Development Authority of India (IRDAI) has clarified that only new private cars and two-wheelers will be covered by new rules governing long-term third-party motor insurance, reported local publication Financial Express. While existing vehicles can continue to renew their policies on an annual basis, it will be compulsory for new private cars to go for three-year policies and for new two-wheelers to go for five-year policies.

    Asia | 15 Jul 2019


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