General-Insurance

Offers customers value with premiums starting from less than Rs.15/day* KEY FEATURES OF THE POLICY:● Single Comprehensive Plan variant with 9 Basic Indemnity Covers and 18 Optional covers● Premiums starting from less than Rs.15/day● Entry age: 18-65 years (Adults), and 91 days to 30 years (Children)● Multiple Sum Insured ranges from INR 3 Lacs to 25 lacs● Long-term Policy options...

The gross investments of Life Insurance Corporation of India (LIC) will exceed Rs 5 lakh crore in FY21, said its chairman, MR Kumar, in an exclusive interview to Moneycontrol. This will be an all-time high for the country’s largest insurer. Kumar said that as of January 31, 2021, the life insurer has made a gross investment of Rs 4,44,919 crore...

Bengaluru, 18th May 2022- Employee welfare insurtech HealthySure has raised additional funding from LetsVenture, Founders and other notable investors valuing the insurtech at around INR 50 crores. This move will help the company to further fuel its mission of offering innovative and affordable group health insurance-led solutions to the Indian workforce and their families. The financing saw participation of new investors LetsVenture and founders Aditi...

The beneficiaries of the Atal Beemit Vyakti Kalyan Yojana can heave a sigh of relief as the Employee State Insurance Corporation (ESIC) has announced that submitting the claim on an Affidavit form is no longer required under the scheme. The Ministry of Labour and Employment said in a statement that the ESIC has extended the scheme of Atal Beemit...

The government on Monday proposed to increase foreign direct investment (FDI) limit in the insurance sector to 74 per cent, in an attempt to attract the overseas players. The Insurance Act 1938 will be amended to "increase the permissible FDI limit from 49 per cent to 74 per cent in insurance companies and allow foreign ownership and control with...

A 31 per cent growth in the health segment, driven by the pandemic, has boosted the gross premium collection for the non-life insurance industry by 13.8 per cent to Rs 44,436 crore over in the June quarter over the same period last year, a report said on Wednesday.

The initial public offer (IPO) of state-owned General Insurance Corporation of India was subscribed 80 percent on the first day of the bidding today. GIC Re’s Rs 11,370-crore IPO received bids for 9,93,04,384 shares against the total issue size of 12,47,00,000 shares. The portion meant for QIB was subscribed 1.55 times, but non-institutional investor category received just 1...

The government's collection of Goods and Services Tax (GST) climbed to ₹ 95,480 crore in September, in signs of economic revival and return of demand due to lifting of COVID-19-related restrictions. That marked the highest level of GST collection in a month since the beginning of the lockdown to curb the spread of GST. The latest reading was 4 per...

National Pension System (NPS) is a government promoted pension/annuity scheme under which any Indian citizen between the age of 18 and 65 years can open 'Tier I' or 'Tier I and Tier II both' types of pension accounts. NPS account can also be opened by a non-resident Indian or a person with an overseas citizenship of India (OCI). However,...

Hyderabad, Tuesday, July 07, 2020: In the face of an ongoing economic crisis, Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between retail giant Future Group and global insurer Generali, announced promotions, annual increments & variable payouts to all its employees. The company declared that there will be no layoffs...