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
INSURERS
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
EV fire incidents ‘not a concern’, insurers unlikely to hike premiums
Despite rising incidents of two-wheeler electric vehicles (EVs)catching fire, General Insurance companies are not planning to increase premiums immediately as Read more
Insurers seek revision in premium for health products
Some Non-life Insurers, which had not revised rates during the pandemic, have now sought a revision in pricing to keep Read more
IRDAI to relook at regulations to widen insurance penetration and give insurers more flexibility
The Insurance Regulatory and Development Authority of India (IRDAI) will relook at regulations, capital requirements and introduce new products to Read more
Majority wants insurers to restart sending physical copies of policy documents, says survey
A majority of individuals want insurance companies to restart sending them physical copies of their insurance documents along with digital 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
Insurers review cooling-off period for health cover post Covid infection
Insurance companies have begun to either reduce or completely remove the cooling-off period to purchase health insurance for people who Read more
Insurers push for GST cut on health policies
With Covid pandemic still playing havoc in the country, the insurance sector is pushing for a reduction in the GST Read more
IRDAI wants insurers at par with banks on legal recourse for surety bonds
IRDAI has taken up the issue of insurers being treated at par with banks when it comes to recovery recourse Read more
