The results, which were announced on Saturday, saw protection business grow 35 per cent year-on-year growth in Q4
Normally, business interruption losses are covered under property damage policy
All the insurers shall decide health insurance claims expeditiously, it said in a circular
If the renewal of motor third party and health policy falls due between March 25 and May 3, the lockdown period, then policyholders can make the renewal payment on or before May 15
Since they are more vulnerable, medical insurers may become more wary
In absolute terms, premium collected by general insurers was close to Rs 1.89 trillion in FY20, against Rs 1.69 trillion in FY19
Cyber cover for individuals is indeed the need of the hour, especially in these times when most people are working from home
Tax incentive was actually a motivation for individuals to be careful and more risk aware, as well as to protect their families
The costs of medical expenses will be settled in line with the terms and conditions of the policy contract
The investment exposures of key insurance players have been hit by ratings downgrades
The actual growth plan would be finalized on the basis of capital support the insurer gets from the government
Most of the insurance providers have mobile apps, meant to provide customers easier access to the insurer
The new optional tax regime is likely to become the only one available in a few years. This will affect real estate
Can you claim refund on a curtailed trip?
The rest of the specialised PSU insurers -- Agricultural Insurance Company of India and ECGC Ltd -- reported 92 per cent spurt in total premium at Rs 1,051.73 crore during the month.
The growing band of male radio listeners is drawing in auto, insurance brands; changing the nature of the medium and traditional advertising patterns
Bankers say move will not dent their balance sheets significantly, but will take up the matter with RBI, which they say can share some of the burden
Finance Minister Nirmala Sitharaman on Saturday said LIC will be listed as part of the government disinvestment initiative
Micro-insurance is specifically intended for the protection of low-income people
Among the proposals approved, the health insurance segment has got 19 approved proposals.