Category: Insurance Data/News

Insurers are in the process of sending surveyors and loss assessors to the affected regions in Odisha and parts of West Bengal.
May 7, 2019, 10:04 a.m.

Insurers are gearing up to process claims after cyclone Fani ravaged parts of Odisha but many say underinsurance continues to be the bigger challenge.
May 5, 2019, 3:19 p.m.

The Insurance Regulatory and Development Authority of India (IRDAI) has formed a panel to review the existing regulatory framework on microinsurance and recommend measures to increase penetration.
April 29, 2019, 4:03 p.m.

The number of farmers enrolled for the Pradhan Mantri Fasal Bima Yojana (PMFBY) during kharif 2018 was 3.43 crore, marginally lower than the figure in the previous season, but officials said the number may go up as a few States are yet to submit the data.
April 28, 2019, 3:30 p.m.

Low premium life cover scheme, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), has become a ‘white elephant’ for insures.
April 22, 2019, 2:58 p.m.

Private players’ individual WRP growth saw a pick-up in Mar’19 to 18% YoY (17% YoY in Feb’19), while industry growth came in at 10% YoY (13% YoY in Feb’19). Among private players, Birla Sun Life (+33% YoY), Tata AIA (+54% YoY) and Bajaj Allianz (+64% YoY) exhibited robust trend.
April 18, 2019, 9:58 a.m.

All insurance companies will be required to send communication from issuance to servicing of policies through post, e-mail, SMS, etc.
April 12, 2019, midnight

We think that the Indian listed life insurance sector is a very attractive way to play Indian Financials since certain aspects of the sector look structurally superior to the Indian credit sector and Indian asset management sector.
April 3, 2019, 10:48 a.m.

Third-party insurance policies are mandatory by law and account for nearly 40 per cent of the general insurance market.
April 1, 2019, 9:52 a.m.

The cost of premium for the third party insurance is categorised on the basis of vehicle type and engine capacity.
April 1, 2019, midnight