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India tag returned 1844 results

  • India: Insurance education must go mainstream

    With major changes expected in the educational sector in India in 2023, it is the right time for insurance courses to get a push across universities and colleges in India, said speakers on the second day yesterday of the India Rendezvous that was held virtually.

    Asia | 21 Jan 2022
  • India Virtual Rendezvous points to urgent need to bridge BI insurance gap

    The ongoing COVID-19 pandemic has exposed massive business interruption (BI) protection gaps, highlighting a fundamental mismatch between economic losses and insurers' risk-taking capacity, Dr Kai-Uwe Schanz, deputy managing director and head of research & foresight at The Geneva Association, said yesterday.

    Asia | 20 Jan 2022
  • Lightning and floods were the top killers in 2021 in India

    Extreme weather events claimed 1750 lives in India in 2021. As many as 787 persons (45%) were killed due to lightning and thunderstorms followed by 759 (43%) due to floods, heavy rains and landslides.

    Asia Risk | 19 Jan 2022
  • India: Regulator cuts obligatory reinsurance cession rate to 4% for FY2023

    The IRDAI has lowered the obligatory cession rate on the sum insured on each general insurance policy that is to be reinsured with an Indian reinsurer to 4% in respect of insurance attaching during the financial year beginning on 1 April 2022 (FY2023).

    Asia | 19 Jan 2022
  • India: Pension and insurance regulators working together to introduce inflation-indexed annuities

    The Pension Fund Regulatory and Development Authority (PFRDA) is working with the IRDAI to launch inflation-indexed annuity products, Mr Supratim Bandopadhyay, the chairman of the pension regulator has disclosed.

    Asia | 18 Jan 2022
  • India: Patients who recover from COVID have to wait for up to 3 months to buy a new life policy

    Patients who have recovered from a coronavirus infection will have to wait for up to three months before they can purchase a new life insurance policy.

    Asia | 17 Jan 2022
  • India: Poll respondents save half of income to build financial immunity

    Indians are focused on building savings by utilising half of their income to gain financial immunity, according to the findings of a survey by NielsenIQ (India) commissioned by SBI Life Insurance.

    Asia | 14 Jan 2022
  • Insurer launches glow green initiative

    Indian private life insurer, PNB MetLife has launched a 'Glow Green' initiative through which it will plant 40,000 saplings over the next three years in four eco-sensitive areas of the country.

    AIRPlus | 13 Jan 2022
  • India: LIC's IPO appears on track

    India's biggest life insurer, the state-owned Life Insurance Corporation (LIC) could file a prospectus in the week starting 31 January for what would be the nation's biggest initial public offering, reported Bloomberg, citing people with knowledge of the matter.

    Asia | 13 Jan 2022
  • India: Life industry sees transformative change

    Speakers at a virtual seminar organised by the National Insurance Academy yesterday mentioned that the COVID-19 pandemic has resulted in an uptick in the sales of insurance products and also how collaboration between different stakeholders has helped increase penetration levels over the past year.

    Asia | 13 Jan 2022

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