Insurance | The Asian Age

Friday, Apr 26, 2024 | Last Update : 03:59 AM IST

Insurance Page-2

The company shall provide its customers with the option of on-the-spot video inspection and virtual survey of their damaged vehicles through Smart e-Survey App.

Bharti AXA General launches service for fast vehicle claim settlement

The company is aiming to process 20-25 per cent of its total vehicle insurance claims in the first year through the service.

04 Mar 2019 3:17 PM

The decision is expected to benefit 42,720 LIC employees. (Photo: File)

Govt offers pension for employees of public sector insurance companies

There has been a long-standing demand for another chance.

03 Mar 2019 10:11 AM

5 reasons to change your opinion on insurance

The insurance industry has been protecting us from any kind of health hazards, car accidents, and many other situations.

01 Mar 2019 3:24 PM

The survey was conducted on 4,566 people across 15 metropolitan and tier one cities in India. (Photo: File)

Only 21 per cent of life insurance holders have term insurance: survey

As per India Protection Quotient (IPQ) survey conducted by Max Life and Kantar IMRB, urban India stands at the PQ of 35 out of 100.

20 Feb 2019 4:37 PM

On January 21, IDBI Bank had received Rs 5,030 crore from LIC and on December 28, 2018, LIC had pumped in Rs 14,500 crore capital into the bank as part of its takeover. (photo: file)

Timeline for LIC to reduce stake in IDBI Bank depends on business model: IRDAI

The insurance giant has been given the approval to acquire 51 per cent stake on the condition of bringing it down to below 15 per cent.

03 Feb 2019 4:53 PM

PMSBY currently provides Rs 2 lakh accidental cover just at affordable rate of Rs 12 per annum. (Photo: PTI)

Govt plans insurance scheme for GST-registered small traders

Small traders could get accidental insurance cover of up to Rs 10 lakh based on turnover.

11 Jan 2019 3:05 PM

Here are some factors that you can keep in mind to ensure your motor insurance claims are not rejected by the car insurance company.

Things to keep in mind to ensure motor insurance claims are not rejected

Believe it or not, car insurance companies do not like to reject motor insurance claims without a reason.

03 Jan 2019 10:49 AM

Irdai’s recent circular on the CPA cover has provided clarification in line with the Indian Motor Tariff provisions.

Irdai delinks personal accident cover from 3rd party motor insurance

The insurers have been asked to file the standalone CPA as a product under the file and use guidelines along with its pricing.

13 Dec 2018 10:02 AM

He survived by his wife, two daughters, his mother and father and was the sole earning member. (Representational Image)

Insurance firm instructed to pay Rs 1crore to deceased’s family

They also brought to the tribunal’s notice that the driver who was driving the car didn’t have driving license.

07 Oct 2018 6:49 AM

The survey suggested insurance companies to come up with simple and easy to enrol plans to take care of such investment pattern.

Millennials prefer life insurance over other investments: study

Nearly, two-third (70 per cent) of millennials preferred life insurance as preferred instruments.

03 Oct 2018 2:52 PM

A few decades ago, the insurers followed the most basic and traditional way to incorporate processes into their domain. (Photo: Pixabay)

How technology has evolved in the insurance industry

The impact of the technology has immensely changed the way insurance companies used to process earlier.

24 Sep 2018 2:24 PM

HDFC Standard Life Insurance has elevated its executive director and chief financial officer, Vibha Padalkar, to the post of managing director and chief executive officer for a period of three years, effective Wednesday.

HDFC Life elevates Vibha Padalkar as MD and CEO

Her appointment came after the current MD and CEO, Amitabh Chaudhry, resigned on September 8.

12 Sep 2018 4:04 PM

In Kerala, most of the assessed damage pertains to roads and bridges and these are not insured. (Photo: PTI)

Less than 5 per cent of flood losses are insured

The state govt has estimated a loss of Rs 20,000 cr due to crop damage and destruction of property.

22 Aug 2018 10:35 AM

Government and insurers are trying to increasing the penetration in the non-loanee segment, said a climate risk management firm WRMS.

Only 29 per cent farmers aware of details of PMFBY

The PMFBY, launched in 2016, is the most important tool today to insure agriculture against climate and other risks.

21 Aug 2018 8:39 AM

Airtel Payments Bank and Bharti AXA Life Insurance on Thursday announced a pact to offer Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), leveraging the payments bank's network in rural pockets.

Airtel Payments Bank, Bharti AXA ally for PM Jeevan Jyoti Bima Yojana

PMJJBY offers life insurance cover of Rs 2 lakh at a premium of Rs 330 per annum.

16 Aug 2018 3:24 PM

PMJJBY customers would be allowed to pay premium on pro-rata basis every quarter.

Govt to revamp flagship insurance schemes for poor

Objective is to make policies affordable to poorest of the poor.

31 Jul 2018 9:05 AM

Insurance regulator Irdai has already asked insurers to take steps to identify the policyholders or beneficiaries and disburse the claims.

Rs 15,167 crore unclaimed money of policyholders lying with insurers

The insurers have to update information regarding unclaimed amounts on their websites on half-yearly basis.

29 Jul 2018 12:21 PM

Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

Iran offers India oil cargo insurance, ships to boost sales: sources

IOC is seeking to buy August cargoes from Tehran on similar terms, with Iran responsible for the delivery to Indian ports.

27 Jul 2018 2:26 PM

Acting tough on those violating emission norms, Irdai has said vehicles without a valid Pollution Under Control (PUC) certificate will not be insured.

No vehicle insurance without PUC certificate: Irdai

Irdai in a notification has directed all general insurance companies not to insure a vehicle unless it has a valid PUC certificate.

09 Jul 2018 4:59 PM

Leading bourse BSE and its joint venture (JV) partner Ebix, a US-based insurance exchange, are awaiting approval from the IRDAI to start an insurance distribution exchange platform, and expect to launch it by the end of this year, a senior BSE official said.

Bombay Stock Exchange, Ebix plan to launch insurance platform

It will allow distribution outlets, brokers, advisors and financial institutions to sell insurance products.

12 Jun 2018 3:08 PM

2 of 4

Columns

Sunil Gatade