Saturday, Jan 25, 2020 | Last Update : 03:00 PM IST


Life agents see mass culling

Private insurers appointed 3.82 lakh agents and terminated 3 lakh in FY19.

08 Jan 2020 1:28 AM

DHFL bankruptcy: Irdai rules out troubles for two insurance arms

As of September, DHFL Pramerica Life's solvency ratio stood at 388 per cent and that of DHFL General Insurance at 230 per cent.

07 Dec 2019 11:57 AM

PSBs may get nod to hold over 10 per cent in two insurers

An entity holding over 10 per cent in an insurance company is categorised as a promoter while one holding below that limit is termed as an investor.

07 Dec 2019 1:32 AM

PSBs told to outline insurance JVs’ future

UBI has to cut stake in one of the 2 JVs—Star Union Daiichi and IndiaFirst.

03 Dec 2019 1:41 AM

Use telematics to price motor policies: IRDAI

Premium may be linked to driving, social behaviour.

28 Nov 2019 1:42 AM


Surveyor assessment waived in some cases

In case normal commercial claims below a certain claim amount, we do not do an assessment.

20 Nov 2019 3:23 AM

Reliance Health barred from selling policies

Solvency ratio dips to 63% against norm of 150%.

08 Nov 2019 6:26 AM

Travel insurance cover can’t be default option: Regulator

The move aims at checking mis-selling of travel insurance through online ticket booking portals and apps.

02 Oct 2019 1:38 AM

Insurance policies become flexible

Premium table can be extended, list of day care procedures can be expanded and critical Illnesses covered can be added.

25 Sep 2019 1:32 AM

Non-life insurers register 17 pc rise in Aug new premium income at Rs 15,964 cr

The 34 insurers' gross premium collection stood at Rs 13,657.51 crore in the same month a year ago.

22 Sep 2019 4:50 PM


Traffic challans may up your insurance premia

Panel to suggest how to link offences with premiums.

07 Sep 2019 1:30 AM

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.

12 Aug 2019 4:51 PM

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.

17 Jul 2019 7:05 AM

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.

09 Jul 2019 3:38 PM

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.

24 Jun 2019 9:07 AM


Third-party insurance for cars, 2-wheelers to become costlier

The new rates for the fiscal 2019-20 will be applicable from June 16.

06 Jun 2019 7:49 PM

Third party premium for cars raised by 12 per cent

The new premiums will take effect from June 16.

06 Jun 2019 12:54 AM

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.

28 May 2019 1:59 AM

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.

21 May 2019 2:26 AM

Two in race for key Irdai post

According to a Finance Ministry source, eight candidates appeared for the interview for the post.

10 May 2019 4:21 AM