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India tag returned 1404 results

  • India: New medical insurance rule aims to reduce out-of-pocket expenses

    The IRDAI has modified guidelines on proportionate deductions under health insurance policies that will take effect from October. The goal is to reduce out-of-pocket expenses for policyholders.

    Asia | 30 Sep 2020
  • India: Traditional insurers going the digital way

    Some traditional insurers had invested in digital well before the pandemic and most of the large players are digitally well-equipped. HDFC Life COO Parvez Mulla said that the start-up ecosystem and InsurTechs had viewed traditional players with two models in mind.

    Asia | 29 Sep 2020
  • India: Term policy cover limits soar during the pandemic

    The pandemic has heightened insurance awareness in Indians resulting in more and more people opting for a term insurance plan with a cover of INR10m ($135,697) or more to protect their families financially.

    Asia | 28 Sep 2020
  • India: IRDAI names LIC, GIC Re, New India as entities that are too big to fail

    The IRDAI has named three public sector insurance companies - Life Insurance Corporation (LIC), General Insurance Corporation (GIC Re) and New India Assurance - as 'too big or too important to fail' (TBTF) institutions or Domestic Systemically Important Insurers (D-SIIs) for the year 2020-21 fiscal year.

    Asia | 28 Sep 2020
  • India: Insurer introduces video-based platform

    Indian insurer HDFC Life has launched a video-based insurance buying enabler that connects the customer with the advisor using a video and voice interface, to overcome the restrictions that COVID-19 has placed on face-to-face interactions.

    Asia | 25 Sep 2020
  • India: Regulator says 95% of MSMEs lack insurance

    Insurance regulator IRDAI has said that only 5% of micro and small and medium-sized enterprises are insured, a situation brought into prominence by the COVID-19 pandemic.

    Asia | 25 Sep 2020
  • India: Falling persistency levels in life insurance are a challenge

    Insurers in India are facing low persistency levels, especially in market-linked and endowment products, due to the current economic crisis and concerns about job losses and salary cuts arising from the pandemic.

    Asia | 24 Sep 2020
  • India: Pension regulator reviews fund managers' cost structure

    India's pension regulator is reviewing the cost structure of pension fund managers and other intermediaries and plans to revise their rates, ahead of appointing more fund managers.

    Asia | 24 Sep 2020
  • India: Frontline worker claims being settled

    The government has started the claims settlement process of frontline healthcare workers who have died in the COVID-19 pandemic.

    Asia | 23 Sep 2020
  • India: IRDAI committee proposes insurance measures for drones

    An IRDAI working committee has recommended a comprehensive insurance cover for drones with a third-party liability which should be in line with aircraft or aviation liability - as is the practice in the developed nations - instead of following the Motor Vehicles Act.

    Asia | 23 Sep 2020

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