Insurance Companies News

Central Govt hikes salary of employees of four general insurance companies. They will get 5 year arrear and salary hike has been effective from August 1, 2017. Retired employees will also get the benefit.

Now, insurance companies will pay your EMIs in case of job loss Leading insurers have come up with job loss insurance products to provide affordable cover to Indians on losing income

The government has allowed 24 insurance companies to sell their policy after collecting Aadhaar card details of the buyers The move is understood to aim at checking the laundering of funds into insurance firms and shell companies The decision is likely to help these insurance companies to perform in real-time and do e-KYC. This would also reduce the cost of transaction

Insurance regulatory authority IRDAI has issued guidelines following the outbreak of coronavirus, asking insurance firms to expeditiously settle hospitalisation claims related to the disease under health policies. 

Irdai also asked insurers -- life, health and general -- to send all communication about issuance and servicing of policies through letter, e-mail, SMS or any other electronic form approved by it.

PM Narendra Modi had launched the PMJJBY and PMSBY in March 2015.

The insurance industry is witnessing growth and is projected to have great times in the years to come.

The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with bankruptcy situation in banks, insurance companies and financial sector entities.  

Continuing with their bullish stance on India for the second month, domestic institutional investors (DIIs) pumped in more than Rs 4,500 crore in equity markets in May.

The government is considering allowing 100 percent foreign direct investment in insurance broking with a view to giving a boost to the sector and attracting more funds.

Insurance companies may offer discounts to customers if their policies are sold through e-commerce websites, Irdai said Thursday.  

Government plans to divest Rs 11,000 crore worth of stake in PSU general insurance companies to meet the steep disinvestment target of Rs 72,500 crore next fiscal.

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi on Wednesday gave its ‘in principle’ approval  for listing of five public sector general insurance companies in the stock exchanges.  

Of the total premium underwritten by non-life insurance companies during the month, public insurers garnered Rs 9,164.10 crore while private players took a combined Rs 5,785.90 crore, according to Insurance Regulatory and Development Authority of India (Irdai) data.

A day after the train travel insurance facility was launched, more than 4 lakh passengers have opted for the scheme till this evening making the passenger-friendly initiative a hit.

Insurance companies will potentially have to deal with more taxes once the GST is implemented with the emergence of the Centre and states as dual stakeholders.

Finance Ministry is all set to issue a draft Cabinet note on listing of public sector insurance companies. This development comes in line with the announcements made in the budget.

Taking note of delay by insurers in implementing orders and awards of Ombudsmen, insurance regulator Irdai today directed companies to furnish details of cases pending for compliance for the last three years.

Finance Minister Arun Jaitley Monday proposed listing of four wholly-owned PSU general insurance companies.