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India tag returned 1292 results

  • India: Insurer launches indemnity based COVID-19 policy

    HDFC Ergo, a private non-life player in India has launched the 'Corona Kavach' policy, which is an indemnity based health policy that covers COVID-19.

    Asia | 14 Jul 2020
  • India's life insurance sector sees sharp decline in new business

    The COVID-19 pandemic has slowed the growth of the Indian life insurance industry in recent months. Industry players hope that the long-term prospects will pick up as protection and guaranteed savings products find favour with customers in these uncertain times.

    Agents | 14 Jul 2020
  • No to merger: India government

    The Indian government's plan to merge three of the four public sector undertakings (PSU) non-life insurers into one behemoth has been put off, as it now prioritises other areas of national importance.

    AIRPlus | 14 Jul 2020
  • India: General insurers see gross premiums fall by 4% in April-June

    Gross premiums generated by general insurers saw a fall of 4.24% in the first three months of the current financial year ending 31 March 2021 (FY2021). Data from the IRDAI show that general insurers collected premiums of INR393.3bn ($5.2bn) in the quarter.

    Asia | 14 Jul 2020
  • India: IRDAI plans to set up a pandemic risk pool

    Insurance Regulatory and Development Authority of India (IRDAI) has constituted a nine-member working group to consider a proposal to set up a pandemic risk pool for the Indian insurance industry.

    Asia | 13 Jul 2020
  • India: Claims more than triple in less than a month

    Increasing claims for the coronavirus pandemic have started hurting India's health insurance sector. Claimed amounts have more than tripled in less than a month to $75m as of 3 July. The total amount claimed for COVID-19 treatment on 8 June was $24m.

    Asia | 13 Jul 2020
  • India: Life insurance market sees 18.6% drop in first-year premium

    The life insurance sector witnessed an 18.6% fall in first-year premium to INR493.35bn ($6.6bn) in the April-June quarter of the current financial year, hit by the coronavirus pandemic, according to a report by CARE Ratings.

    Asia | 13 Jul 2020
  • China: Share of global market to almost double in next 10 years

    China's share of global premiums will continue to rise rapidly to an estimated 18% in 2030, half the share of the US, Swiss Re Institute predicts in its latest sigma report. The forecast 18% is almost double China's 10% share of the global market last year.

    Asia | 10 Jul 2020
  • India: Govt stops merger of 3 state-owned general insurers but will inject capital

    The government has called off the long-deliberated merger of the three public sector non-life insurers - National Insurance, Oriental Insurance and United India Insurance - and has announced an additional capital infusion of INR99.5bn ($1.3bn) into the companies.

    Asia | 10 Jul 2020
  • India: Airline offers insurance cover to passengers

    Indian low-cost airline SpiceJet has partnered with InsurTech player Go Digit to offer its passengers an insurance cover for COVID-19 treatment.

    Asia | 09 Jul 2020

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