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It’s been almost a year since health insurance portability came into force, but not many switchovers have happened in the last 12 months. “While the portability system has stabilised, in terms of switchovers, it has not been that significant,” G Srinivasan, chairman and managing director, United India Insurance, said. Read more
The pan-India ownership of health insurance policy by urban households is low as 26%. Read more
Regulators will launch a full-blown investigation into the motor insurance market recently in a move that will cause months of uncertainty for the industry but could result in lower premiums for drivers. Read more
Reliance Life Insurance Company (RLIC), part of Reliance Capital Limited, today announced that the company has hired over 10,000 insurance advisors in the current financial year. Read more
Granting respite to a woman whose husband was killed in a mishap, the Nagpur bench of Bombay High Court (HC) has ruled that she was entitled to full compensation from the insurance company despite getting a job on compassionate ground. Read more
According to the estate officer’s January 10, 2010 order, HMT Ltd had vacated its rented office in Jeevan Tara building in May 2010 Read more
The standard insurance product would be in addition to the government schemes, which provide insurance cover at concessional rates Read more
Public sector general insurer New India Assurance is likely to post 18-20 percent gross premium growth in the current financial year, after reaching Rs 10,000 crore mark last fiscal, a top company official said today. Read more
A Delhi district consumer forum has directed Aviva Life Insurance Company Pvt Ltd to pay Rs 13.5 lakh to a late policy holder’s sister for rejecting her claim for the sum assured on her brother’s death. Read more