General-Insurance

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.

Reliance General Insurance Company Limited (RGICL), today launched the Reliance Health Super Top-up insurance policy, that aims at addressing the challenge of health coverage inadequacy when medical costs go beyond standard cover and increase out-of-pocket expenses for the customer. The policy has been designed for retail customers and can be purchased by anyone between the age of 18 to 65 years.  With growing...

Bengaluru 19th Feb 2021 : Ever since the outbreak of the COVID-19 pandemic in the month of March last year, the health insurance business in India is experiencing a much-awaited renaissance.Since the last one year, customers have been investing in health insurance in elevated numbers as every day thousands of people continue to test positive for COVID-19 across various parts of...

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...

The country's market regulator on Wednesday barred Future Group Chief Executive Kishore Biyani and his brother Anil from accessing the securities market for a year after investigating insider trading in shares of its retail firm Future Retail in 2017. The Securities and Exchange Board of India (SEBI) said the two brothers traded in shares of Future Retail through a...

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...

Bharti AXA General Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, today launched its new app ‘Krishi Sakha’ to cater to the specific needs of the farmers in the country and guide them in adopting best farming practices and enhancing productivity. Bharti AXA ‘Krishi Sakha’ aims...

“To keep the body in good health is a duty…otherwise we shall not be able to keep the mind strong and clear.” – Buddha Not only the one above which is timeless, ‘once-in-a-generation pandemic’ Covid 19 brought along some other invaluable lessons like ‘Health Awareness’ and ‘Health Insurance.’ In case pandemic or any other disease strikes, your physical, mental, emotional and...

Bajaj Finance, Bajaj Finserv will announce their third quarter (ending December 31) results on Wednesday. Bajaj Finserv Ltd, a part of Bajaj Holdings & Investments Limited, is a financial services company focussed on lending, asset management, wealth management and insurance. Shares of Bajaj Finance Limited was last trading on Bombay Stock Exchange (BSE) at ₹ 4,970.60, up ₹ 257 (or...

The COVID-19 pandemic has exposed the fallibility of the health infrastructure in the country and has served as a reminder that currently, India's healthcare spending is at 1.29 per cent of the gross domestic product (GDP). This is much lower as compared to peer nations in the OECD and BRICS countries. According to the industry body, Confederation of Indian Industry (CII), the...