Page 8 - Insurance

Pinbox gets seed capital from ADB Ventures to expand micro pension coverage

Pinbox works to address friction and accessibility challenges in delivering micro pension and insurance solutions to underserved informal sector workers, ADB Ventures said in a statement

Kansas labour dept picks TCS to modernise unemployment insurance programme

For more than two decades, TCS has partnered with states across the US to transform unemployment insurance systems

PSU insurers lodge Covid insurance claims worth Rs 17,537 cr till Dec 2021

Public sector insurers lodged Covid-19 related health insurance claims worth Rs 17,537 crore till December 2021 and more than 93 per cent of the cases were settled, Parliament was informed on Monday.

India, China lead Asia's insurtech industry rise, says report

Mainland China-based insurtechs raised $673.7 million in 2021 and $1.42 billion in 2020.

We want to increase our offline capability, says Policybazaar.com CEO

The demand for term products is always there. The problem is the supply: Policybazaar.com CEO

Debasish Panda takes charge as Irdai chairman for a three-year period

The position of Irdai chairman was vacant for a period of over nine months, ever since Subhash Chandra Khuntia demitted office in May 2021

This is the hour of InsurTech

The efficiencies resulting from making insurance products and processes digital can be passed on to customers through more affordable premiums

LIC effect: Life insurers' February new business premium rises 22%

NBP is the premium acquired from new policies for a particular year

Irdai wants insurers at par with banks on legal recourse for surety bonds

The finance minister in her Budget speech this year had said that surety bonds can be used as a substitute for bank guarantees for government procurement

Term insurance ownership has risen to 43% from 36% in two years: IPQ Survey

This indicates consumers are now diversifying their insurance holdings and building a holistic portfolio by investing more in life insurance, including term, market-linked and savings plans

Health insurance premiums drive non-life industry growth, shows data

Group premiums grew 30% against 17% growth in retail segment

Insurer can't change policy terms unilaterally

The National Commission pointed out that when a change in policy terms is made without a fresh proposal, the insurer must get the insured's consent

IPO-bound LIC exhibits distribution strength to financial investors

Insurer already sourced 97% of FY22 new business premium till September

Insurance term prices will continue to rise: HDFC Life's Vibha Padalkar

Company is a steady performer and it is 'comfortably beating' the Sensex's performance, says the top executive.

ICICI Prudential, HDFC Life Insurance opt for higher retention on books

An increase in retention limit means the insurer increases the degree of risk it retains on its balance sheet

Covid provision pool lowered, but 'we got you covered': Life insurers

As claims burden drops, life insurers hold enough reserves, cushioning balance sheet against risk

How to build a health corpus if you're unable to get medical insurance

Also try to join a group health plan at the office, bank or one covering your professional group

Finance ministry invites applications for Irdai whole-time member post

The applicant should preferably have at least 25 years of experience in the area of insurance

Insurers seek hike in tax exemption for higher adoption of pure risk plans

Currently, under Section 80C of the Income Tax Act, an individual can claim a deduction of the life insurance premium paid from his/her taxable income

Street positive on Tech Mahindra's 310 million Euro acquisition

The deal will boost its digital and engineering R&D capabilities in BFSI space