General Insurance News General insurers’ premiums rise 14% December 8, 2023 admin 142 Views 0 Comments General Insurance Council, General insurers, NEW INDIA ASSURANCE, premiums The monthly premiums of non-life insurance companies increased by 13.65% in October of this year to Rs 23,814.64 crore, up Read more
General Insurance News Non-life insurance might grow at a 14–15% CAGR until FY37. December 6, 2023 admin 130 Views 0 Comments financial services, General Insurance Council, Gross direct premium, non-life insurance Gross direct premium income (GDPI) for the non-life insurance sector is expected to increase by 14% to 15% by FY37. Read more
General Insurance News Non-life insurers’ monthly premia increase 15% in H1 November 8, 2023 admin 148 Views 0 Comments General Insurance Council, NEW INDIA ASSURANCE, non-life insurance companies, Non-life insurers Non-life insurance companies witnessed a 14.86 per cent year-on-year (Y-o-Y) increase in their monthly premia in the first half Read more
General Insurance News PSU general insurers’ share of premium below a third of industry October 12, 2023 admin 161 Views 0 Comments current fiscal, General Insurance Council, health Insurers, PSU general insurers For the first time, PSU General Insurers account for less than a third of the industry premium at 32.5 Read more
IRDA in India IRDAI set to launch single policy covering life, health & property July 20, 2023 admin 218 Views 0 Comments Bima Trinity, General Insurance Council, health & property, IRDAI, Life, Life Insurance Council IRDAIis looking to launch a bundled product which will provide life, health, casualty and property cover in a single insurance Read more
General Insurance articles Odisha train accident: Govt. seeks data to shell out insurance claims July 18, 2023 admin 157 Views 0 Comments Department of Financial Services (DFS), General Insurance Council, Govt. seeks data, insurance claims, Odisha train accident The government has asked insurance companies to immediately report about their exposures in terms of coverage and claim payments towards Read more
General Insurance articles General Insurance Council working on a common empanelment platform for hospitals soon June 1, 2023 admin 291 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
Health Insurance News 57% of COVID-19 claim remains unsettled December 23, 2020March 18, 2021 admin 385 Views 0 Comments COVID-19, COVID-19 claim, General Insurance Council, General insurers The data compiled by the General Insurance Council shows that general insurers are yet to settle and payout 57 percent Read more
General Insurance News Underwriting losses of Insurance Industry rise to Rs 22,859 crore December 19, 2020March 18, 2021 admin 354 Views 0 Comments General Insurance Council, General insurers, ICICI LOMBARD GENERAL INSURANCE, Insurance industry, NEW INDIA ASSURANCE The total underwriting losses of the insurance industry have surged by 4.4 per cent to Rs 22,859 crore in Read more
General Insurance News No deadline extension for motor insurance policies December 1, 2020March 19, 2021 admin 427 Views 0 Comments DEADLINE EXTENSION, General Insurance Council, MoRTH, Motor insurance policies, state governments The Centre may have advised state governments to extend the validity of all vehicle-related documents up to December 31, Read more