Motor insurance business which witnessed a decline in the fiscal year ended 31 March 2021 (FY21) seems to be returning to growth in FY22 with the private sector leading the charge due to an increase in motor vehicle sales, says CARE Ratings.
India's life insurance sector witnessed strong growth in September with a 22% y-o-y growth over the same period last year.
Purchasing life insurance riders can be tricky. Max Life Insurance deputy managing director V.Viswanand looks at a few common riders and explains the benefits they provide.
The first chairman of the IRDAI has called for a committee to be formed to review the insurance regulator which was established in 1999.
The central government is optimising the sizes of state-run general insurance companies as its focus shifts towards consolidation and profitability from expansion.
Term insurance premiums are set to rise by 15% to 40% after reinsurers tightened underwriting in the wake of COVID-19 claims.
Insurers in India are looking for a hike in the premium for Pradhan Mantri Jeevan Jyoti Beema Yojana (PMJJBY, Prime Minister Life Insurance Scheme).
India's largest insurer LIC is likely to file draft papers with the Securities and Exchange Board of India (SEBI) by November for the largest initial public offering (IPO) in the country's history, a finance ministry official has said.
Private non-life player Future Generali (FGII) in order to create awareness on mental health and wellbeing, has announced a day off for its employees on 11 October to relax, rejuvenate and spend time with their families.
A consumer court in India has asked an insurance company to settle the health insurance claim of a patient addicted to smoking and afflicted with lung cancer.