Lack of medical infrastructure, coupled with high incidence of fraud, has increased the number of death claims being reported from rural areas, data with life insurance companies reveal. States from the Northeast reported the highest incidence of death claims in the country, as per a study conducted by the Insurance Information Bureau (IIB).
- Sep25By PTI
As the GST rollout plans gathers momentum, life insurers sought exemption from the new taxation regime on premium income, while general insurers have demanded differential rates for their products.
After witnessing a blip in July new business premium growth for private life insurance companies bounced back last month. Private life insurers grew by 21 per cent to
- Sep16By PTI
Regulator Irdai is hopeful that some global reinsurers may set up shop here early next year and signalled that a decision on giving the second stage of licence (R2) will
Proxy advisory firms have opposed payment of Rs 850 crore non-compete fee to Max Life Insurance promoters Analjit Singh and his family business for the merger of Max Life Insurance
- Sep11By PTI
Over 4 crore EPFO subscribers may get a lower interest at a rate of 8.6 per cent on their PF deposits for current financial year as labour ministry is expected to toe the finance ministry line to cut the rate.
More than 15 years ago, Indian insurance was opened to private players, setting a foreign direct investment (FDI) bar of 26 per cent. And despite the cap increasing to 49 per cent in March 2015, most players — save the top five in life insurance — are still struggling to remain afloat with negligible market share, high operating expenses and losses.
- Sep06By PTI
The Employees' State Insurance Corporation (ESIC) on Tuesday raised the monthly wage threshold to Rs 21,000, from the current Rs 15,000, for coverage under its health insurance scheme.
- Sep04By PTI
Faced with acute shortage of skilled manpower in specialised roles, the insurance industry is trying to address the problem by nurturing talent internally.
The cities which witnessed floods in recent times are seeing higher demand for return to invoice (RTI) add-on under a comprehensive motor cover, which provides the original on-road price of
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