Group health and cyber cover costlier
The new financial year of 2022-23 has seen a sharp rise in renewals of insurance premiums across categories with group Read more
General Insurance News
Claims ratio of Fasal Bima scheme dips to 61% in 2020-21
Claims to premium ratio under Pradhan MantriFasalBimaYojana (PMFBY) and other crop insurance scheme were around 61 per cent in 2020-21 Read more
GIC Re set to participate in reinsuring Kudankulam units
GIC Re will be participating in reinsuring the Rs 43,200-crore insurance coverage of the under-construction units of Kudankulam nuclear power Read more
3rd party premium hike not enough: Industry
The much-anticipated upward revision in third-party (TP) motor insurance premiums, after almost three years, proposed by the insurance regulator in Read more
‘Cashless treatment’ scheme for NH crash victims set for launch
The National Highways Authority of India (NHA) has invited bids from insurance companies for the roll out of “cashless treatment” Read more
Insurers seek equal bonding with lenders for infra surety
General insurance companies are seeking parity with banks and other lenders for them to be able to get into providing Read more
Motor third-party premiums to be revised after 2 years
The ministry of road transport and highways in consultation with the insurance regulator released a draft notification for revising the Read more
Road safety a major challenge for developing countries: Gadkari
Road safety has become a challenge for developing countries like India, and artificial intelligence-based drones and robots can be used Read more
ECGC coverage withdrawal a huge setback
The Export Credit Guarantee Corporation (ECGC) has decided to withdraw coverage for shipments to Russia with effect from February 25, Read more
Insurance cover category for Indian exports to Russia modified
As the Russia-Ukraine conflict intensifies, raising concerns among Indian exporters, the Export Credit Guarantee Corporation of India (ECGC) clarified coverage Read more
