AI takes Rs. 60000 crore cover for fleet at Rs. 266 crore premium
Air India, has taken a Rs. 60,800 crore ($8 billion) cover for Air India by paying Rs. 266 crore premium Read more
General Insurance News
Insurance coverage for fisheries, aquaculture units abysmal in India
Given the low penetration of insurance products in the fisheries sector, the FAO World Review of Capture Fisheries and Aquaculture Read more
Insurance Premiums on 2-wheeler EVs may rise
Insurance premiums on two-wheeler electric vehicles (EVs) may rise as insurers reassess risk based on recent fires and malfunctions. While Read more
Compliance for foreign reinsurance units eased
IRDAI has rationalised the compliance norms for branches of foreign reinsurance companies, including Lloyds, operating in India. The regulator has Read more
Insurers get nod to design products for fire, allied perils
In order to increase insurance penetration and provide a wider choice to policyholders, IRDAI has allowed insurance companies to design Read more
Experts call for climate risk insurance in fisheries sector
At a time when the lives and property of thousands of fisherfolk families are jeopardised by sea level rise and Read more
PSU insurers to hire consultant for revamp
PSU general insurers will hire an external consultant to advise them on organisational restructuring and performance management. This comes as Read more
Future arm to raise Rs. 3,000 crore from insurance biz sale
Debt-ridden Future Group firm Future Enterprises Ltd expects to raise around Rs 3,000 crore from selling its stake in the Read more
Govt may infuse Rs. 3K-5K cr into insurers
The government may infuse Rs 3,000-5,000 crore additional capital in the three public sector general insurance companies based on their Read more
Govt keen on privatizing general insurer this year
Success with the initial public offering (IPO) of Life Insurance Corp. of India (LIC) may prompt the government to privatize Read more
