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Saturday, May 15, 2021

Insurance

LIC relaxes claim settlement requirements from Monday

New Delhi, May 10 (IANS) Keeping in view the safety of its customers, the Life Insurance Corporation (LIC) has decided to offer relaxations in various claim settlement requirements to make the process easier and hassle-free. The relaxations will kick...

LIC allows policyholders to deposit maturity claims at any office

New Delhi, Mar 18 (IANS): To mitigate the hardships faced due to corona pandemic, insurance major LIC has allowed its policyholders to deposit their maturity claim documents at their nearest LIC office anywhere in the country. "LIC has allowed its 113...

FDI hike in insurance to invite foreign majors

New Delhi, Feb 1 (IANS) In a big boost to FDI inflows and the insurance sector, Finance Minister Nirmala Sitharaman on Monday announced increase of FDI limits from 49 per cent to 74 per cent. Shares of insurance stocks surged...

Insurance sector’s growth momentum fizzled out in November

New Delhi, Dec 10 (IANS) The growth in the insurance sector witnessed during August-October reversed in November as the industry reported Annual Premium Equivalent (APE) degrowth of 44.4 per cent last month, said a report by Emkay Global Financial Services. It...

Premiums on insurance bought during Oct-Mar eligible under LTC scheme

New Delhi, Nov 26 (IANS) Central government employees can claim reimbursement for premiums paid for insurance policies purchased between October 12, 2020 and March 31, 2021, under the leave travel concession (LTC) cash voucher scheme. The Finance Ministry made the...

CCI approves acquisition of Bharti AXA General by ICICI Lombard

New Delhi, Nov 2 (IANS): The Competition Commission of India (CCI) on Monday approved the acquisition of the general insurance business of Bharti AXA by ICICI Lombard General Insurance. With the CCI nod, both ICICI Lombard and Bharti AXA General Insurance...

Life insurance companies to offer ‘Saral Jeevan Bima’ from Jan 1

New Delhi, Oct 16 (IANS) The Insurance Regulatory and Development Authority of India (Irdai) has directed all life insurance companies to offer a standard term insurance plan - Saral Jeevan Bima - from January 1 next year. "Customers who cannot...

IRDAI panel suggests lower capital requirement for microinsurance firms

New Delhi, Oct 11 (IANS) A committee constituted by the Insurance Regulatory and Development Authority of India (IRDAI) has suggested that the capital requirement for entities entering into the microinsurance segment should be lowered to Rs 20 crore. Currently the...

Insurance scheme for frontline health workers extended for 6 months

New Delhi, Sep 15 (PTI) The Rs 50-lakh insurance cover to frontline health workers fighting COVID-19 has been extended for six months and till date, 61 claims have been processed and payments made, the Union Health Ministry said on Tuesday. As...

Amazon Pay will now starts selling car, bike insurance in India

New Delhi, July 24 (IANS) Amazon Pay, the payments arm of the e-commerce giant's India unit, has partnered with Acko General Insurance Ltd. to offer two and four-wheeler insurance policies in the country. Customers can visit the Amazon Pay page...

Latest News

‘Delhi receives Covishield doses for 45+, no Covaxin stock for 18-44’

New Delhi, May 15 (IANS): The Delhi government on Saturday said that the national capital has received 1,73,760 more doses...