General Insurance articles Insurance Claim disbursements under PMJJBY shots up 438% in financial year 2022 June 6, 2023 admin 224 Views 0 Comments Finance ministry, financial year 2022, Insurance Claim disbursements, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Disbursal of claims under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), which offers death coverage due to any reason, Read more
General Insurance articles Govt works on assistance for crash victims on all highways June 2, 2023 admin 166 Views 0 Comments crash victims, Incident Management Services (IMS), request for proposals (RFPs), The ministry of road transport and highways (MoRTH) India—home to the world’s deadliest roads—plans to extend its marquee Incident Management Services (IMS) to all national highways to reduce Read more
General Insurance articles General Insurance Council working on a common empanelment platform for hospitals soon June 1, 2023 admin 295 Views 0 Comments 30 different platforms, General Insurance Council, insurance companies, National Health Authority The General Insurance Council, the industry body of non-life insurers, is working towards creation of a common empanelment platform for Read more
General Insurance articles PSU general insurers’ market share decreases May 31, 2023 admin 190 Views 0 Comments general insurance companies, NEW INDIA ASSURANCE, PSU general insurers, united india insurance The four public sector general insurance companies have lost 800 basis points (bps) in market share in last five years Read more
General Insurance articles Centre mulls ‘free insurance’ for cows, 100% subsidy on premium likely May 31, 2023 admin 194 Views 0 Comments 2024 general election, free insurance, National Livestock Mission (NLM), Pradhan Mantri Fasal Bima Yojana (PMPBY) Ahead of the 2024 general election, the government plans free insurance for cows as currently, farmers pay 20-50 per cent Read more
General Insurance articles Air India to get $10-billion cover from Tata AIG, others May 30, 2023 admin 166 Views 0 Comments Air India Express, ICICI LOMBARD GENERAL INSURANCE, Insurance premiums, Tata AIG General Insurance, united india insurance Tata AIG General Insurance and others have received the contract to provide $10bn cover to Air India and its low-cost Read more
General Insurance articles Brokers surpass agents as top in distribution of non life policies May 30, 2023 admin 143 Views 0 Comments insurance broking firms, insurance broking licences, non life policies, non-life insurance Brokers are playing a bigger role in the distribution of non-life insurance in India, with their share of premiums doubling Read more
General Insurance articles PSU general insurers’ market share drops below a third May 29, 2023 admin 182 Views 0 Comments insurance companies, non-life insurance market, Private sector insurance companies, PSU general insurers The four public sector companies now account for less than a third of the non-life insurance market after losing 2% Read more
General Insurance articles Shriram General Insurance bets big on EVs May 29, 2023 admin 214 Views 0 Comments electric vehicle insurance, original equipment manufacturers (OEMS), Shriram General Insurance, Shriram General Insurance (SGIC) Shriram General Insurance (SGIC), said that its main focus areas in the 2023-24 fiscal is electric vehicle insurance. The firm Read more
General Insurance articles Aditya Birla set to sell insurance brokerage business May 27, 2023 admin 305 Views 0 Comments Aditya Birla Capital Limited (ABCL), Aditya Birla Group, insurance brokerage business, regulatory approvals, statutory approvals Aditya Birla Capital Limited (ABCL), a company under the Aditya Birla Group, announced the sale of its entire stake in Read more