GI Council targets 2.5% non-life insurance penetration by 2030
The General Insurance (GI) Council is eying a 2.5% non-life insurance penetration by 2030 along with a target of premium Read more
insurance news
Kotak General Insurance to offer wearable fitness trackers soon
Kotak General Insurance has recently announced the launch of its unique Sandbox initiative based on the essentials of the preventive Read more
Bangladesh holds insurance fair in Khulna, Green Delta Insurance wins prize for best stall
Bangladesh has recently held an insurance fair in Khulna, where Green Delta Insurance has won the first prize for the Read more
MACT passes compensation award for Rs.13 lakhs for Insurance Claim
The family of a 33-year-old man, killed after being hit by a rashly-driven car, has been awarded Rs 13,64,144 as compensation by a Motor Accident Claims Tribunal here.
Read moreGIC Re wins Marine Insurance Award
GIC Re has won the Marine Insurance Award at the Seatrade Middle East and Indian Subcontinent Awards, second time in Read more
LIC rich by denying claims on flimsy ground: Consumer Forum
The Life Insurance Corporation of India has become the “richest” organisation in the country by rejecting rightful claims of insured under mediclaim policies on “flimsy” grounds, the Delhi State Consumer Commission has said.
Health, motor insurance to be key growth drivers: Bajaj Allianz
Health and motor insurance will remain the key growth drivers for Bajaj Allianz General Insurance in near future on the back of larger opportunities in these space, a top company official said recently.
Micro insurance: Securing the future of low income group
India is a country with a population of 1.2 billion. It is estimated that 37% of the total population live below poverty line (BPL). Social security for BPL people is a matter of concern for the nation. In this article, coverage is given to micro insurance which is one of the important social security measures for poor people like farmers, workers, labourers, etc.
Read moreHealth insurance awaits recognition from senior citizens
As per recent reports, nearly 7.5% of India’s population is presently aged 60 years and above. Less than 1% of these would be covered under any kind of health insurance plan. Being estimated that India will soon become home to the second largest number of senior citizens in the world, these numbers show a worrying picture, despite most General insurers offering specific plans for the elderly. Read more
SBI Life’s Smart Income Protect: Meant for assured return-seekers
Private life insurer SBI Life has recently announced the launch of Smart Income Protect, a traditional plan that offers guaranteed returns. Read more