• Sep
    27

    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).

  • Sep
    25
    By 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.

  • Sep
    19

    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

  • Sep
    16
    By 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

  • Sep
    14

    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

  • Sep
    11
    By 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.

  • Sep
    10

    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.

  • Sep
    06
    By 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.

    In a

  • Sep
    04
    By PTI

    Faced with acute shortage of skilled manpower in specialised roles, the insurance industry is trying to address the problem by nurturing talent internally.

  • Sep
    01

    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