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Insurance
Business  /  Published 12.08.22

Insurance platform in the works

A composite platform that could facilitate sales, servicing and settlement of claims across different insurance categories is being explored by insurance companies and industry regulator IRDAI. The p...
By A Staff Reporter in Calcutta

Business  /  Published 10.08.22

Group health policy hits PSU insurers

All four public sector insurers incurred losses of Rs 26,364 crore in the health insurance portfolio for the last five years because of higher claims in group policies, a CAG report said. “The l...
By PTI in New Delhi

Business  /  Published 08.08.22

Stick to the basics

India rank According to data compiled by global reinsurer Swiss Re, India ranked 10th among the top 20 insurance markets sorted by total premium volume. India’s global market share was only 1.9 ...
By Pinak Ghosh

Business  /  Published 04.08.22

Insurers can widen agent pool

Insurance regulator IRDAI has proposed a raft of regulatory changes to expand coverage rapidly. The IRDAI on Wednesday came out with an exposure draft that proposes corporate agents can have tie-ups w...
By A Staff Reporter in Calcutta

Business  /  Published 03.08.22

LIC breaks into Fortune 500 list

Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places. The nation's biggest life insurer with revenue ...
By PTI in New Delhi

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Business  /  Published 01.08.22

Easier insurer funding

Insurance regulator Irdai has decided to do away with the prior approval requirement for raising capital through preference shares and subordinate debts by insurers in a bid to promote ease of doing b...
By PTI in New Delhi

News  /  Published 26.07.22

IVF clinics get health department certificates

Three prisoners, including a murder accused, escaped from Durgapur sub-correctional home after apparently scaling the 30ft-high boundary wall on Sunday. The escape came to light when jail authorities...
By Subhajoy Roy in Kolkata

News  /  Published 15.07.22

Calcutta HC orders insurance firm to pay 6 lakh more to accident victim’s family

The Calcutta High Court (HC) yesterday directed an insurance company to pay an additional sum of Rs 6.37 lakh to the family of the victim of a road accident, modifying an earlier order of the Motor Ac...
By PTI

Business  /  Published 15.07.22

LIC embedded value up

Life Insurance Corporation on Thursday said its embedded value stood at Rs 5,41,492 crore as of March 31 compared with Rs 95,605 crore a year ago, and Rs 5,39,686 crore as of September 30, 2021. The ...
By A Staff Reporter in Calcutta

Business  /  Published 07.07.22

Floater cover for multiple cars

The add-ons will enable insurers to identify their liabilities. A person who drives the car more frequently is more exposed to the risk of accidents and has a higher chance of insurance claim tha...
By A Staff Reporter in Calcutta


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