Covid fuels 29% jump in health premium income for insurers
Covid pandemic has proved to be a boon for insurance companies. With people increasingly taking health cover to meet medical Read more
INSURERS
PSU insurers face uncertainty
The three PSU non-life insurers – National Insurance, Oriental Insurance and United India – are dealing with uncertainty on multiple Read more
Insurers seek a hike in PMJJBY premium
Life insurance companies have pitched for a re-pricing of the government’s flagship Pradhan Mantri Jeevan Jyoti Beema Yojana. According to Read more
Complaints of insurers refusing to offer COVID-19 policies; IRDAI steps in
With complaints of insurance companies refusing to offer and renew COVID-19 insurance policies on the rise, the Irdai has recently Read more
COVID-19 is far from the only risk facing insurers and financial sector firms: Allianz
COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result Read more
New business premiums of life insurers rose to 7.5% in FY21
Indian life insurance industry capped FY21 with a 7.5% increase in new business premiums (NBP) to Rs. 2,78,277.98 crore compared Read more
With rising claims insurers go slow on covering COVID-19-recovered
With the daily number of COVID-19 cases rising steeply, insurance companies are refusing to give health cover to persons recovered Read more
IRDAI advises insurers to complain about errant hospitals
A day after Union Finance Minister Nirmala Sitharaman tweeted about reports of hospitals denying cashless services to COVID-19 patients and Read more
IRDAI allows insurers to invest in debt instruments of InvITS & REITS
IRDAI has recently allowed the insurance companies to invest in debt securities of Infrastructure Investment Trusts (InvITs) and Real Estate Read more
Life insurers witness over 70% year-on-year growth in NBS in March, 2021
24 life insurers in India have largely seen impressive growth in New Business Premium (NBP) in March, 2021 and ended Read more