Page 16 - Insurance

Covid-19 brings about shift in insurance preference; group biz on the rise

While the pandemic has made corporates take up the responsibility of providing insurance coverage to their employees via group insurance, it has pushed back individuals from buying into insurance

JNPT crane insurance covers full replacement along with loss of business

Clearing of damaged cranes alone to take over a month

Covid-19: Govt gets 131 claims under insurance scheme for health workers

The central government has received 131 claims under an insurance scheme for healthcare workers engaged in Covid-19 related duty and payments have already been made in 20 of them

Bharti AXA gets Rs 800 cr crop insurance mandate from Maharashtra, K'taka

Bharti AXA General Insurance said it has received Rs 800 crore worth crop insurance mandate from Maharashtra and Karnataka governments to insure farmers in both the states under the PMFBY

Big, small insurers toy with pandemic-proof policies for post-Covid world

Pandemic exemptions have helped some insurers emerge relatively unscathed

Covid-19 impact: Here's why insurance may never be the same again

While new pandemic-proof policies might not be cheap, they offer businesses from restaurants to film production companies to e-commerce retailers ways of insuring against disruptions

Govt approves Rs 12,450-cr capital infusion in 3 state-run general insurers

The National Insurance Company, Oriental Insurance Company and United Insurance Company will get the additional capital

Future Generali swims against tide with increments, promotions to staff

It also plans to hire more employees depending on business requirement. So far in the lockdown period, it has recruited 70 across various levels and plans to hire more in the current financial year

Insurers discuss growing need for policy to claim Covid-19 losses

The discussions are at an initial stage and no timeline has been fixed on when such a product will come out

Protection stocks offer opportunity; opt for insurance and gold finance cos

Quality stocks in banking and financial services sector are still available at attractive valuations

No cash benefits for ESIC subscribers without bank account details

The corporation will further encourage employers to update mobile numbers and bank account details of existing subscribers via an online portal

Promise of guaranteed return plans are appealing, but compare their IRR

A combination of term plan, MFs may be volatile but is likely to get higher returns

Insurer must prove fraudulent claim

The policy would also pay double the amount, in case of death of the policyholder

Major shift to digital space demands data security, cyber insurance

The biggest nightmare for an individual in this digital age is to see an unauthorised debit in his bank account and realise he has been a victim of an online fraud

UK's Standard Life divests 2% stake in HDFC Life for Rs 1,985 crore

Prior to this, Standard Life had sold 4.95 per cent stake in HDFC Life for Rs 5,750 crore in October 2019, and had offloaded 3.3 per cent stake in the insurance firm in August last year

Banks, financial cos must be allowed to avail credit insurance: Irdai group

Trade credit insurance covers a seller against the risk of non-payment by its customers arising due to willful default or insolvency

Year of survival for insurance industry; don't expect growth: Bajaj Allianz

Recognising that customers have their own concerns, he said the company is equally taking care of its own employees during this lockdown

Opt for monthly payment of term premiums as insurers get set to hike rates

Some insurers have already started increasing premiums, and others are expected to do so in the next six months

ICICI Lombard Q4 results: There's no insurance cover against slowdown

Premium income (excluding crop biz) lagged industry growth in Q4

Insurance brokers call for securing coverage of properties in lockdown

Insured property should not remain unoccupied for a period exceeding 15 days or 30 days, policy coverage rule say