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India tag returned 2339 results

  • India: Guarantee gap for infrastructure construction is around US$720bn

    The surety insurance bond market is yet to take off in India due to unaddressed risks and the absence of market makers, according to The Infravision Foundation (TIF), an independent think-tank.

    Asia | 22 Sep 2023
  • India: AI helps government's health insurance scheme tackle fraud

    Based on information of fraud obtained through AI and ML anti-fraud initiative, India's government run health insurance scheme Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) has collected a penalty amount of INR95m ($1.15m) while 0.53m Ayushman cards have been disabled and 210 hospitals de-empanelled.

    AIRPlus | 20 Sep 2023
  • India: Regulator sets up steering committee for Bima Sugam portal

    The IRDAI has reportedly set up a steering panel to act as the apex decision-making body for the development of its ambitious platform, Bima Sugam. The launch of the platform has now been rescheduled for June 2024.

    Asia | 21 Sep 2023
  • Insurance critical for financial immunity

    A study by private life insurer SBI Life and Deloitte has revealed that 71% of uninsured Indians feel insurance is a critical lever for building financial immunity

    AIRPlus | 20 Sep 2023
  • India: Strategic partnership plans to establish next-generation life insurer

    Iowa-headquartered American Equity Investment Life Holding has formed a strategic partnership with Fintech Blue Solutions, a technology company that enables insurance distribution, and Agam Capital, a company that offers a global platform for insurance analytics, to launch a next-generation life insurance company in India.

    Asia | 20 Sep 2023
  • India: IRDAI forms inter-disciplinary standing committee on cyber security

    The IRDAI has set up a standing committee on cyber security to review regularly the risks inherent in existing and emerging technologies in the sector.

    Asia | 19 Sep 2023
  • India: Massive life coverage drop

    About 47% of individuals either surrendered their life insurance policies or failed to renew them over the past five years, highlighting a significant gap in financial preparedness in the country, according to SBI Life's Financial Immunity Report.

    Agents | 17 Sep 2023
  • India: General insurers form committee to empanel hospitals

    The General Insurance Council has set up a committee that will vet the hospitals and decide on a panel of medical centres that non-life insurers can partner with, according to a senior industry official who spoke on the condition of anonymity.

    Asia | 18 Sep 2023
  • India: IRDAI chairman says Bima "Trinity" to be implemented soon

    The Bima "Trinity", comprising Bima Sugam, Bima Vahak and Bima Bima Vistaar, will be a reality soon, IRDAI chairman Debasish Panda has said.

    Asia | 14 Sep 2023
  • India: Almost half of policyholders fail to renew life insurance plans in last 5 years

    Nearly half (47%) of insured individuals in India say that they did not renew their insurance policies in the last five years as they had invested in other financial assets or savings as a means to ensure financial security without giving due consideration to the expenses in case of financial and medical emergencies, according to the findings of a study by SBI Life Insurance, conducted in collaboration with professional services firm Deloitte.

    Asia | 13 Sep 2023

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