irdai
Expedite claims settlement in flood-affected Kar, MH: Irdai to insurers
Irdai issued advisory to general insurance and health insurance companies to expedite settlement of claims for the two states.
Life insurers set to report strong quarter
Policies sold rose 8.4 per cent YoY in June 2019, while the retail APE ticket size fell by 7.7 per cent YoY.
No proposal with Irdai for 10 per cent stake sale in Max Life to Axis bank: MFS
During 2018-19, Max Life recorded gross written premium of Rs 14,575 crore.
Buying car, bike insurance to be affordable from September
In an order last year the Supreme Court had instructed insurers to provide long-term, three-year motor third party covers.
Third-party insurance for cars, 2-wheelers to become costlier
The new rates for the fiscal 2019-20 will be applicable from June 16.
Third party premium for cars raised by 12 per cent
The new premiums will take effect from June 16.
Number of actuaries to touch 480 in FY19
The Institute of Actuaries of India (IAI) estimates that the number of qualified actuaries will reach 480 by this fiscal-end, from 439 now.
Proposal to raise third party premiums
In the case of electric private cars and electric two-wheelers, a discount of 15 per cent has been proposed in the TP premium.
Two in race for key Irdai post
According to a Finance Ministry source, eight candidates appeared for the interview for the post.
Non-life insurers witness 13 per cent rise in premium in FY19
Non-life insurers registered 13 per cent increases in their collective premium income to Rs 1.70 lakh crore in FY19