IRDAI retains mandatory cession of business in favour of GIC Re at 4% for FY24
IRDAI has maintained the status quo on obligatory cession of business for the financial year 2023-24 at 4 per cent Read more
Private General Insurers
Private General insurers may need capital inclusion of Rs. 1,200-3,000 cr to maintain growth rate: ICRA
Private sector general insurers will require Rs. 1,200 crore to Rs. 3,000 crore of capital infusion in the current fiscal Read more
Car Insurance: Luxury car premiums rise on higher claims
Private general insurers have stepped up premiums by 10-15 per cent for luxury cars whose owners have shown a propensity to making high claims. However, premiums for other cars remain where they were. Read more
